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Only Financial Weekly Published in English & Gujarati Page
58
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 10 Issue No: 18 RNI No : GUJENG / 2008 / 24320 18th June 2017 to 24th June 2017

FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
12-06-2017 3279.42 3448.67 -169.2
13-06-2017 3941.5 4253.95 -312.4
14-06-2017 6715.41 6876.54 -161.13
15-06-2017 4998.79 5644.14 -645.35
16-06-2017 7936.21 8700.69 -764.48
26871.33 28923.99 -2052.56
DII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
12-06-2017 2395.15 2458.26 -63.11
13-06-2017 2480.57 2175.99 304.58
14-06-2017 2760.9 2689.25 71.65
15-06-2017 3015.31 2160.46 854.85
16-06-2017 3555.73 2664.82 890.91
14207.66 12148.78 2058.88
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18th June 2017 to 24th June 2017 4
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 95 95 113344
Nifty Manages to Hold above

IMP Support 9560
We were reading 9580 as important support in my earlier articles. In this week, Nifty
continue to tests about 9560 on lower side and finally closed above 9580 at the end of the
week. This brings down our important support levels to 9560 now. Overall trend of the Nifty
remains positive and bullish, however chances of breaking below 9560 is quite high, only
because the momentum of Nifty on upside is run up to its aptitude. If it happen with a good
volume, then Nifty could also visit 9460 kinds of levels in coming week. On the other hand
9690 on upside remains important resistance and if that is taken away for any reasons then
100 points further upside opens up. However breaking upper levels still looks quite remote.
Rising Stars
Kokuyo Camlin
(NSE: KOKUYOCMLN) SECTOR: Diversified, CMP: 103.2
Attached Daily Chart clearly suggest how great the uptrend was that started from Aug-2013 from
around 26 levels and lasted until stock price reached to around 125 exactly after two years i.e.
Aug-2015. After testing at the higher levels stock went in to consolidation zone. Such consolida-
SMART
INVESTMENT
tion in price is nothing but a time run which generally happens soon after price gallop itself to multi
fold in just few years span. In here, price went to almost 5X in just two years and therefore cooling
off the price soon after 2015 high was a healthy move. One can definitely see the good time in
stock could be started if stock breaks above the falling trend line that is drawn touching highs since
Aug-2015. This line was breached on upside in April of 2017. Not only price went past the impor-
tant resistance it also tested this earlier resistance as support in May 2017. This phenomenon
made sure that price is not willing go below this falling red line. If we see the whole move of price
since Aug-2013 until today and draw a support line by joining lower lows, this comes to us as fine
support line as can be seen in Green color. Also both these line forms an important triangle which
is already broken on upside. This to my reading suggests the price has a fairly good chance to visit
150 levels in coming year. Which is around 50% return in about one year span. This stock has
down side risk until it closes below support line and current level of support line is at 86. Thus, this
stock should be held with 86 as strict Stop loss for the target of 150. Upon the higher move, the
stock should be held with a proper trailing stop loss method.
Mukta Arts
NSE: MUKTAARTS,
SECTOR: Media & Entertainment, CMP: 101.7
Everyone is aware that this counter was trading as high as around 230 kinds of levels in 2008.
The blood bath of 2008 along with lot many stocks, brought even this stock back to trade at as low
as around 32 kinds of level in 2009. This stock show survival in the same year and again in 2010
when it felt resistance at around 82 kinds of level. The price move ever since 2009 was quite
obvious until mid-2016 because stock then had only one resistance that was at 82. The same level
was broken upside in Sep-2016 and ever since then the important resistance of earlier became
important support. This phenomenon ultimately created a fine horizontal line for our kind of read-
ing. If I also see the price move since Feb-2015, I can see price only making higher tops and higher
bottoms. This is clear sign of uptrend. This uptrend is drawn by joining lows, then it gives an impor-
tant support line which is a fine line. Currently long term EMA group is spreading bullish along with
SMART
INVESTMENT
Short term EMA group also starting to spread bullish while staying on top. Current candlestick
pattern along with moving average spread suggest a good upside move is ready to unlock. Hori-
zontal line gives us the target of double the money from its level i.e 164 is first minimum target
which is double to 82 level of Horizontal line. Price can take tenure of about 1.5 years to achieve
the target. Risk is only there if stock closes below support line. Current level of Kid support line
which is not shown here is at 89 kinds of level. Hence this stock should be held as strict SL at 89
with a first target of 164. If we get price move in desired direction then we should hold on to the
stock with proper trailing SL method to lock in the profit.
Disclosers: Views expressed in this article/articles are personal opinion of Author and it doesn't
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 assessment
before taking any actions in the market. The author and his company does not take any responsi-
bility for any results that may arise out of using this information.
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Rapid Fire Stocks
- Kalpna J (Email- Kjtech79@gmail.com)
Our last few recommondations : - Rupa and Company Ltd- (375 to 575 - 60% return in
10 days),,(Adorweld - 334 to 400 - 20% Return Same Day), ( Star Paper - 198 to 226 - 14 %
Same Day)
Pearl Global Ind. (Short Term Investment)

BSE Code : 532808 / NSE : PGIL
Pearl Global Industries Ltd., incorporated in the
year 1989, is a Small Cap company (having a market Promoter Holding 67 %
cap of Rs. 294.52 Cr.) operating in Textiles sector. PE Ratio 32.00
Company has reported a NET PROFIT OF 8 CR.
V/S 10 LAC QOQ BASIS EPS (Rs.) 4.03
For the quarter ended 31-03-2017, the company Sales (Rs. Cr.) 328.62
has reported a Consolidated sales of Rs. 529.12 Cr.,
. Company has reported net profit after tax of Rs. 16.30 Face Value (Rs.) 10
Cr. in latest quarter. N.P. QoQ 8 Cr V/s. 10 Lac.
Technical Discourse : Stock is in uptrend and
making Rounding Bottom for upside breakout and run- Last Div. (%) 5
ning above all Its important SMA and EMA Return on Average Eq. 4.67
Buy at CMP : 149 , Target - 185 - 230, SL- 110,
Time Frame 2 to 4 Months
ORIENT BELL Ltd. (Multibagger)

BSE: 530365 | NSE: ORIENTBELL
Orient Bell Ltd., incorporated in the year 1977, is a
Promoter Holding 72 % Small Cap company (having a market cap of Rs.
PE Ratio 34.39 387.87 Cr.) operating in Construction sector.
Company has reported a NET PROFIT OF4 CR.
EPS (Rs.) 7.78 V/S 2CR QOQ BASIS
Sales (Rs. Cr.) 207.22 For the quarter ended 31-03-2017, the company
has reported a Standalone sales of Rs. 206.80
Face Value (Rs.) 10 Cr.,and has reported net profit after tax of Rs. 4.10
Net Profit Margin (%) 0.91 Cr. in latest quarter.
Technical Discourse : Stock is in uptrend and giv-
Last Bonus 5:4 ing Flag Breakout and running above all Its impor-
Last Div. (%) 5 tant SMA and EMA
Buy at CMP : 276, Target - 320 to 360 ,SL- 206,
Return on Average Eq. 5.08 Time Frame 2 to 6 Months
N.P. QoQ 4 Cr. V/s. 2.6 Cr.
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- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 9590. Nifty is cautiously posi-
tive Nifty remains positive until it remains above 9315 level & 9135 level. The levels are far
but thats the only valid levels for now.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 23442. Similar to
Nifty, even Bank Nifty is cautiously positive with near SL at 23130. Far SL remains at 22500.
Last Recommendation Review
Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Axis Bank 532215 Buy 502 515 Did High
OBC 500315 Buy 138 151 Did High
MCX 534091 Buy 1006 1115 Target Achieved
Escorts 500495 Sell 764 709 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Adani Ent 512599 131 128/131 135 145 123
Axis Bank 532215 511 502/508 520 530 495
Glenmark 532296 640 615/625 640 670 600
HCL Tech 532281 839 825/835 860 880 815
Hindalco 500440 196 192/196 202 210 188
Idea 532822 77.7 73/77 84 94 64
Jindal Steel (Delivery Buy)532286 124 95/124 145 175 80
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Ceat 500878 1856 1880/1900 1855 1825 1925
DHFL 511072 455 465/472 455 440 478
Escorts 500495 712 740/750 710 660 770
IBreal 532832 196 206/212 198 190 220
L&THF 533519 147 147/155 140 130 170
LIC Hsg Fin 500253 778 785/790 775 765 805
Motherson Sumi517334 475 475/485 460 440 495
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 intraday charts. Read Disclaimer at
ShareInfoline.com
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SMART
BUY OF THE WEEK
Dark Horse
"Mind-blowing Past Review of DARK HORSE"

On 20th February 2017, we had recommended MUNJAL AUTO @ Rs.97 levels, last
week stock zoomed to Rs.136 levels & recorded almost 40% appreciation in four month.
On 27th February 2017, we had recommended ARCHIDPLY IND @ Rs.69 levels, last
week stock zoomed to Rs.99.70 levels & recorded almost 44.45% appreciation in four
month.
On 10th April 2017, we had recommended B L KASHYAP @ Rs.24 levels, last week
stock zoomed to Rs.34.25 levels & recorded almost 43% appreciation in just two month.
On 17thApril 2017, we had recommended WEIZMANN FOREX @ Rs.524.75 levels,
last week stock zoomed to Rs.724 levels & recorded almost 38% appreciation in just
two month.
On 15th May 2017, we had recommended EPC Industries @ Rs.165 levels, last week
stock zoomed to Rs.200 levels & recorded almost 21.21% appreciation in just one month.
On 2nd June, we had recommended NELCAST @ Rs.58 levels, last week stock zoomed
to Rs.64.8 levels & recorded almost 11.72% appreciation.
Last week, we had recommended DAMODAR INDUSTRIES @ Rs.87levels,it zoomed
to Rs.96 levels in just one week.

SMART
INVESTMENT
Goodluck India
(530655 & NSE) (87) (Face Value Rs. 2)
Established in the year 1986, Goodluck India Limited is an ISO 9001:2008 certified organiza-
tion, engaged in manufacturing and exporting of a wide range of galvanized sheets & coils, towers,
hollow sections, CR coils CRCA and pipes &tubes. Company also specialize in providing Tele-
communication Structures, ERW Steel Tubes, ERW Steel Pipes, and Galvanized Black Steel Tubes.
These are acclaimed for high tensile strength, long service life and higher efficiency.
Company's exemplary products and services have enabled them to leap geographical bounds
and register a strong presence in 100 countries across the globe.
Company's plant is situated in Sikandarabad industrial area just 45km from Delhi. Its plant has
state of the art tube mills, galvanizing units, cold rolling mills galvanized coil unit and corrugation
machines. Also pipe and lattice type structures are fabricated and galvanized.
With an equity capital of just Rs.4.40crore and reserves of Rs.247.69crore which is more than
56 times of its equity. The promoter holds 60.46% while the investing public holds 32.04% stake in
the company. Reliance Small Cap Fund is holding around 7.50% stake in this company.
Its share book value works out to Rs.105.49 and the price:book value ratio stands at just 0.80x.
During Q4FY17, GIL posted sales of Rs.294.20crore as against Rs.236.14crore in Q4FY16. Net
profit of the company zoomed to Rs.8.33crore as against Rs.6.70crore. Q4FY17 EPS stood at
Rs.3.79.
During FY17, its net profit decline to Rs.21.96crore from Rs.32.81crore in FY16 on higher sales
of Rs.1204.68crore fetching an EPS of Rs.9.98.
Currently, the stock trades at a P/E of just 8.5x. It has declares 37.5% dividend for FY17.
The company is coming up with new manufacturing facility for its existing line of business eg.
Steel tube, pipes, precision tubes etc. at its land situated at Kachchh, Gujarat. The company's
existing manufacturing capacity is 2,30,000 MTPA and presently running at optimal capacity utili-
zation. The proposed manufacturing facility of approx. 72,000 MTPA will add in the company's
total production capacity. The plant is expected to be commissioned by April-18. The location of
proposed facility is within proximity of two ports i.e. KANDLA Sea port & MUNDRA Sea port and
strategically very suitable to the proposed project as it will reduce freight cost for exports to a sig-
nificant extent and will give an edge over the competitors.
Its 52 week high rate is Rs.134.40 & low rate is Rs.78.10. Stock is available near its 52 week low
price & looking attractive at current market price.
One can buy with stop loss of Rs.78. On the upper side, it could zoom to Rs.115/135 levels in
medium term to long term.
SMART
INVESTMENT
Haldyn Glass
(515147) (38.75) (Face Value Re.1)
Incorporated in 1991, Gujarat based Haldyn Glass Limited manufactures and sells glass
bottles and containers in India. It provides glass vials of various shapes and sizes to pack-
age injectibles, eye-drops, ear-drops, and other lifesaving drugs in the pharmaceutical indus-
try; and clear bottles for packaging in the liquor manufacturing, cosmetics, and food and
beverages industries. Currently Company has total melting capacity 320 tons per day com-
prising of two Glass Melting Furnaces (220 + 100 tons per day capacity) and 10 I.S. ma-
chines which gives us leverage over the competition in manufacturing a very wide range of
containers from 10 ml to 1000 ml. The I.S. machines are capable of producing 1.5 million high
quality containers every day.
With an equity capital of just Rs.5.38crore and reserves of Rs.124.30crore which is more
than 23.10 times of its equity. The promoter holds 52.52% while the investing public holds
47.48% stake in the company.
For Q4FY17, HGL's net profit soared 42.85% to Rs.2.80crore on sales of Rs.35.62crore
fetching an EPS of Rs.0.52.
During FY17, its net profit zoomed 76% to Rs.11.72crore on 23% higher sales of
Rs.173.07crore fetching an EPS of Rs.2.18.
Currently, the stock trades at a P/E of just 18x. It has declares 55% dividend for FY17.
Stock is looking hot & explosive on current levels. One can buy with stop loss of Rs.35.
On the upper side, it could zoom to Rs.48/51 levels in short to medium term
SMART
INVESTMENT
SMART
INVESTMENT
Subramanian Mahadevan
Stock Buzz dolphincapital@gmail.com
Prakash Industries (Rs.90) : Robust Steel !

Prakash Industries Limited (PIL) - is a New Delhi based company established in 1980. It manu-
factures and sells steel products primarily in India. The company operates in three segments -
Power, Steel, and PVC Pipe & Others. PIL produces sponge iron, steel billets/blooms and Ferro
alloys; wire rods and HB wire products for various applications, including binding wire, GL wire,
barbed wire for fencing, armored sealed wire for heavy electrical cables, nut bolts, nails, screws,
alpine, wire ropes, wire mesh and TMT bars for construction and infrastructure projects. PIL also
manufactures and supplies rigid PVC pipes for irrigation, sewerage, and other applications with
high emphasize on backward integration to ensure uninterrupted supply of quality raw materials.
We had identified this steel company at a very low price around Rs.50/share when it was on the
verge of huge turn-around based on its Q1FY17 numbers as anything to go by - with EBITDA of
56.5 crores and PAT of 13.2 crores versus 1.2 crore in the same period previous year. Segment
wise performance also looked impressive - Steel and Power division recording a growth of 28.4%,
PVC Pipes Division recording a higher volume growth of 28.3% due to on-going consolidation and
expansion initiatives and finally Wind Power Division reporting a growth of 38.2% due to better
wind conditions and better power evacuation by the state electricity board. Although we expected
PIL to close FY17 with revenue of 2800 crore (actual Rs. 2414.80 crore) it still finished with impres-
sive bottom-line of 78.35 crore, a growth of 380% compared to the previous year FY16. Stock has
given more than 50% appreciation in line with our expectation post our recommendation in first
week of September 2016, book profits for now and accumulate at lower levels after some broader
market correction for long term gains.
Inox Leisure Entertainment (Rs 285)

Mediocre Entertainment!
Inox Leisure Limited (INOX) - is the diversification venture of the INOX Group into entertainment
with a mission is to be the leader in the cinema exhibition industry, in every aspect right from the
quality and choice of cinema to the varied services offered by bringing in a professional and ser-
vice oriented approach to the cinema exhibition sector. With strong financial backing, impeccable
track record and strong corporate ethos, INOX has established a strong presence in the cinema
exhibition industry in a very short span. INOX currently operates 119 multiplexes and 472 screens
in 58 cities making it a truly pan-Indian multiplex chain, will continue its expansion into places like
Kolhapur, Coimbatore and Cuttack while adding new properties in Delhi NCR, Bengaluru, Chennai,
Kolkata and Jaipur among othersfor some incremental revenues. We made a 'Buy' recommenda-
tion for double digit returns when INOX was quoting around Rs.190/share sometime in 2nd week
of May 2016 backed by numerous competitive advantages like attractive valuation compared to
rival PVR Cinemas, strong promoter group, under-leveraged balance sheet with further scope for
dilution, well diversified presence across India, debt-equity ratio of 0.46, state of the art technology
and finally strong brand partnership. INOX reported a weak set of numbers in the recently con-
cluded quarter of Q4 FY17 with 98% decline in PAT due to slight dip in advertising and other
operating revenues. Also both Return on Equity (ROE) and Return on Capital Employed (ROCE)
has come down from 16.8% and 14.9% in FY16 to 5.7% and 7.3% respectively in FY17. Stock has
given more than 50% returns since our recommendation, better book profits and exit.
SMART
INVESTMENT
Hidden Gem Hemangi Gandhi
hemanghigandhi@gmail.com
Kabra Extrusiontechnik Ltd

(BSE Code: 524109) (CMP: Rs. 151.00) (FV: Rs.5)
Kabra Extrustiontechnik Ltd (KET), the flagship company of the Kolsite group, specializes in
providing plastic extrusion machinery for manufacturing pipes and films. It is one of the largest
players in this space and present across 85+ countries in the Americas, Middle East, Asia and
Africa. It has two manufacturing locations in Daman. It has completed more than 14,000 installa-
tions worldwide since 1962.
KET enjoys a leadership position in the extrusion market and is a Two Star Export House
status. It has set benchmarks in the plastics extrusion industry for its modern R&D techniques and
processes to meet the market requirements for low power consumption, high output, maintenance-
free and user-friendly plastic extrusion plants. It received two consecutive National Awards for
Technology Innovation in 2015 and 2016. Through constant R&D and innovation, it has pioneered
over 57 products and solutions in the plastic extrusion industry since 1970.
Collaborations: KET has collaborations with leading companies in the plastic industry such as
Battenfeld-Cincinnati (Germany-Austria-USA), PentaS.r.l. (Italy), Greiner (Austria), Unicor (Ger-
many) and ExtronMecanor (Finland).
KET offers market solutions to the following:
Agriculture (Plasticulture) : Plasticulture represents application of plastics in Agriculture, Hor-
ticulture, Water management and related areas. A variety of plastic materials and end-products are
deployed in Plasticulture applications for water conservation, irrigation efficiency, crop and envi-
ronment protection as well as end-product storage and transportation.
Infrastructure : Plastics pipes and profiles play a major role in the fields of Housing, Industrial
and Public Infrastructure, Sanitation, Water Reticulation, Irrigation, Desalination and Effluent Treat-
ment, Micro-ducts (Fibre optics) and conduits.
Packaging : Flexible packaging offers solutions for diverse applications in various user sectors
including staples and food products, beverages, pharmaceuticals, personal care and household
products, cigarettes and tobacco products as well as a wide range of industrial applications.
Telecom : In telecommunications, the ducts in which the fibre optic cables are installed are
usually made of polyethylene. KET manufactures high-speed telecom micro-duct lines and high
performance bundled sheathing lines to produce micro-duct for 3G and 4G data communication.
Valuation : KET is a closely-held, investor-friendly company that has consistently paid divi-
dends since the last 10 years. The Indian promoters hold 56% equity stake (zero pledged) while
Battenfeld Extrusion (Germany and USA) hold 14% stake. For FY17, the Company posted sales of
Rs.276 crore with net profit of Rs.28 crore and an EPS of Rs.8.7. At a market cap of Rs.466.41
crore, the stock trades at a P/E of just 16.84x as against the Industry P/E of 29.76x. Its share book
value is Rs.57.72. For FY18 and FY19, the Company may record a top-line and bottom-line growth
of 10% and 15% respectively, notching an EPS of Rs.10 and Rs.11.5 respectively. At the CMP, the
stock is available at an attractive forward P/E of just 11x thus providing an investment opportunity
for long-term gains.
SMART
INVESTMENT
Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )
E-mail ID : rohan.nalavade21@gmail.com
MARKET GEARS UP FOR NEXT MOVE

We had stated in previous edition that market is buy on dips ,and bulls are grabbing every
oprtunities to enter and are getting rewarded market does not want to go down and is following the
main trend. Nifty is in a very crutial range (9560-9670) and from past few week consolidation is
taking place the longer the period of consolidation the greater the move in Nifty and so now
market is set for a next move next week is very important as lot of banking events is going to take
place next week and also W.D Gann date is there in coming week so any positive news bank nifty
will be very active and a positive rally can be expected .Technically nifty is taking strong suport of
9560 levels and Nifty above 9650 will gain good momentum towards new high 9750-9780-9830
only below 9510 short term trend will be bearish
Last week US Fed increased intrest rate and Bank of Japan keeps interest rate steady and sets
upbeat tone on economy and also the monsoon reports are good IMD has upgraded its monsoon
forecast so good news ahead for Indian economy over all indian market looks good for fresh life
time highs in 2017and this year we will see new highs 10000 in nifty
Smart picks :-
Ambuja cement :- Last week we had recommended At 234 still can hold for 246 SL 233
SBI looks good abv 286 for 290-295 SL 280
Axis bank looks good above 510 for 520-525 Sl 505
Adani port looks good above 362.50for 372-380 SL 357
Tata Motors looks good above 455-457 for 478-482 SL 449
Buy... Buy... Buy on Dips Hold Sell on High

Reliance Ind. 1387.00 IPCA Lab. 471.00
TNPL 339.00 DCB Bank 210.00
Ginni Filaments 55.00 Century Tex. 1111.00 Amar Raja. 840.00
Skipper 201.00
Roto Pump 110.00 Aurbindo Pharma 652.00 Wockhardt 632.00
Steel Strips 906.00
Seamec 135.00 Manpasand Bank 783.00 HDIL 91.00
KRBL 395.00
Spice Jet 124.00 India Cement 220.00 Kotak Mah. 985.00 LUPIN 1131.00
ITI 101.00 Caborundum 336.00 Dr. Reddy 2677.00 Camlin Fine 85.00
J K Tyres 172.00 Visa Steel 25.00 MCX 1107.00 Hindalco 195.00
Suzlon 18.00 Himadri Chem. 68.00 SBI 285.00 Endurance 935.00
Heidelberg Cem. 132.00 Canara Bank 352.00 ENIL 928.00 Gail 377.00
Dena Bank 34.00 Srikala Hasthi 352.00 Sun Pharma 529.00 CIPLA 537.00
Andrew Yule 59.00 I. B. Real 199.00 Fortis HC 190.00
SMART
INVESTMENT
Technical News : 19-6-2017 to 23-6-2017
Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
NIFTY FUTURE
NIFTY FUT SUPPORT AT 9340-9250 AND RESISITANCE 9740-9800
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 23400 SL 23200 TA 23900-24000
STOCKS F&O:-
ESCORTS (710) :- BUY ESCORTS ON DIPS TILL 695 SL 680 TA 735-50
MFSL (609) :- BUY MFSL ON DIPS TILL 600 SL 590 TA 630-45
R.CAP (604) :- BUY RCAP ON DIPS TILL 590 SL 582 TA 624-40
MRF (72100) :- BUY MRF ON DIPS TILL 71400 SL 70600 TA 77000-80000
SELL STOCKS
SELL JUB FOOD ON RISE TILL 965 SL 980 TA 880-850
SELL MOTHERSON ON RISE TILL 490 SL 502 TA 450-35
DELIVERY STOCKS
BUY GINNI FILAMENTS SL 30 TA 100
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.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Sanghi Ind. 526521 91.00 LIC Hsg. 500253 777.00
Federal Bank 500469 120.00 Karnataka B. 532652 177.00
SCI 523598 83.00 BEML 500048 1455.00
GMR Infra 532754 19.00 L&T 500510 1726.00
Ginni Fila. 590025 55.00 ACC 500410 1635.00
Shanthi Gear 522034 141.00 Steel Strips 513262 906.00
Aban Off. 523204 194.00 Zensar Tech. 504067 869.00
Delta Corp. 532848 167.00 Igarshi M. 517380 1092.00
APTECH 532475 231.00 Bosch 500530 24424.00
J.B. Chem. 506943 339.00 Chola Invest. 511243 1090.00
Sunteck Real. 512179 462.00 Rane (Mad.) 532661 485.00
Sicagen (I) 533014 35.00 Vaibhav Gl. 532156 542.00
Talwalkars 533200 304.00 Colgate-Pal. 500830 1095.00
DHFL 511072 454.00 Castrol 500870 410.00
SMART
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
20 DMA ACTS AS SUPPORT

CONSOLIDATION CONTINUES
Market has spent the last two weeks in consolidating the upward gains. This week both the
indices have taken support at the short term average of 20dma (Sensex - 31028 and Nifty - 9585).
A break of this support will result in the market entering a short term corrective mode. One needs to
keep in mind that such Retracements are healthy for the long term uptrend of the market. Any
decline should be used by the market participants to go long.
Technically Speaking :- Sensex opened the week at 31225, made a high of 31260, low of
31017 and closed the week at 31056. Thus it closed the week with a loss of 206 points. At the
same time the Nifty opened the week at 9646, made a high of 9654, low of 9560 and closed the
week at 9588. Thus the Nifty closed the week with a loss of 80 points.
On the daily charts, Sensex has formed a small black body candle in the sideways consolida-
tion, whereas Nifty has formed a Homing Pigeon. It is a bullish reversal pattern which requires
confirmation. On the weekly charts, both the indices have formed a small black body candle which
is not a confirmation for the Bearish Doji which was registered last week. Thus candlestick study
indicates further consolidation with a slight bearish bias in the near term.
On Thursday and Friday, the market was rescued by the short term average of 20dma (Sensex
- 31028 and Nifty - 9585) which acted as strong support. A breach of this support will not only result
in the short term trend turning down, but also open the path towards testing of the medium term
average of 50dma (Sensex - 30360 and Nifty - 9410). Both the indices continue to remain above
the long term average of 200dma (Sensex - 28444 and Nifty - 8792). Thus the Trend in the short
term, medium term and the long term timeframe continues to be Bullish.
Both the indices had left behind a bullish gap between Sensex 29780-29681 and Nifty 9250-
9225. This gap was tested and it successfully acted as Support. Thus a break of this Support will
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy Nestle 6759 6629 6957 7163
Buy CoL PaL 1094 1072 1127 1162
Buy Indigo 1212 1185 1253 1295
Buy Ujjivan 324 318 333 343
Buy L & T Fin 146 143 151 157
:::: INDEX LEVELS ::::
S3 S2 S1 Close R1 R2 R3
NIFTY 9301 9390 9498 9588 9688 9762 9844
SENSEX 30007 30338 30712 31056 31430 31889 32223
SMART
INVESTMENT
turn the medium term trend to bearish.
In the previous fall, the market went down to test the strong support in the form of the weekly gap
i.e. between Sensex 29356-29098 and Nifty 9060-8977. This gap provided support and the indi-
ces recovered from that level. This Gap is now very significant as a break of this Gap will turn the
intermediate trend to bearish. Besides acting as a support, this gap also acts as a Measuring Gap.
The target as per Gap theory falls at Sensex 32737 and Nifty 10144.
Both the indices have already achieved the golden ratio target (Sensex - 31153 and Nifty 9630)
of Saucer formation. The Saucer pattern was completed when the indices closed above Sensex
29077 and Nifty 8968. The complete pattern target which is at Sensex 32437 and Nifty 10043
remains to be achieved. On the weekly formation, both the indices completed a Cup and Handle
formation and the targets are Sensex 34677-37554 and Nifty 10536-11413.
If one considers the Cup and Handle formation of 7 years from 2007 to 2014, the target for that
pattern falls at Sensex 34715 and Nifty 10462. The Golden Ratio target of the current pattern weekly
pattern of 2 years is at Sensex 34677 and Nifty 10536. Thus in the medium term one can expect a
test of the above targets i.e. Sensex 34677-34715 and Nifty 10462-10536.
MACD and Price ROC, both continue in Sell mode. RSI (56) suggests Bullish momentum. Sto-
chastic Oscillator %K (34) is below %D and hence in Sell mode. ADX is at 29 which suggest that
the Uptrend is undergoing further consolidation. Directional Indicators continue in Buy mode as
+DI remains above -DI. MFI (47) suggests Negative Money Flow. OBV continues to make higher
top, higher bottom formation. Bollinger Band continues with its Buy signal. Thus Oscillators are
suggesting a mixed bias.
Options data for June series indicate highest Call Open Interest is at the strike of 9700 and
highest Put build-up is at 9500. Thus Options data suggests a trading range with resistance com-
ing in at 9700 and support at 9500.
SMART
INVESTMENT
Terrific Shots - Dilip K. Shah
M&M (Rs.1396.00) (Code:500520) :- Cars and Utilities vehicle manufacturing com-

pany manufactures tractors and utilities vehicles like Thar, Bolero and Scorpio. The
government's decision to increase agriculture produce rates may benefit the company by
increased sales of tractor. The company has recently launched Yuva Brand model of tractor.
The rural demand has witnessed upward movement on good monsoon prediction. The com-
pany is planning to launch new models of tractors under Swaraj brand as operating profit is
double in tractor segment compared to auto segment. GST implementation may increase the
price by 5-7%. In March quarter, the company witnessed net profit of Rs725.16 crore on
income of Rs12011.54 crore. The company has convened board meeting on July 13 to take
call on ex-dividend.
Wheels India (Rs.1314.00) (Code:590073) :- It supplies wheels to car, commer-
cial vehicles, tractor and mining equipment manufacturers. In March quarter, the company's
profit increased from Rs16.97 crore to Rs18.40 crore while sales increased from Rs536.57
crore to Rs556.73 crore. As against equity of Rs12.03 crore, the company has reserves of
Rs455.29 crore. It paid interim dividend of 50% and final dividend of 80% in FY2017. The
company's topline may witness improvement in coming days. The stock remained between
Rs1417 and Rs1081 during 52 weeks. It seems very attractive in long term for investment. It
could be purchased in phased manner.
Skipper Ltd (Rs.201.00) (Code:538562) :- The Kolkata-based company manufac-
tures industries power transmission, telecom and tower, PVC, GI, SWR pipes and fittings.
As against equity of Rs.10.23 crore, the company has reserves of Rs481 crore. In March
quarter, the company's income increased from Rs529.75 crore to Rs583.73 crore, while
profit increased from Rs36.12 crore to Rs52.79 crore with EPS of Rs5.16. The company's
bottom line and topline have become stronger. The orderbook is very strong.It is getting
orders from international companies. The stock has witnessed a considerable correction so
there are bleak chances of further downward trend.
TVS Electronics (Rs.180.00) (Code:532513) :- At one point of time, the company's
key-boards were very popular. Currently, it sells the key boards at premium prices compared
to its peers. The promoters hold 59.96% and public hold 40.04% stake. It paid 5% dividend in
2017. In FY2017, the company's income increased from Rs592.50 crore to Rs2625.03 crore,
while profit increased from Rs4.91 crore to Rs6.81 crore. It also manufactures printer, barcode
scanner, POS, DMP, touch POS systems, mouse and other products. The fundamentals are
strong. The bottomline is yet to witness improvement but the government's focus on digital
economy will help the company to improve its performance. The people close to the develop-
ment are buying the stock. It may cross Rs250 level in 6-9 months.
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
SMART
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Amid poor indices, script based support

could be witnessed
BSE Index (31056.40) :- The index is moving downward from top of 31430.31. It shows oversold posi-
tion on daily basis, while oversold position on weekly and monthly basis. June 20 to 23 could be gain turning
days. On upward movement, beyond 31260 it may witness resisting level at 31430. On downward move-
ment, below 30980 it may go down to 30895, 30800, 30710, 30620 with support at 30525.
Nifty Future (9597.25) :- It is moving downward from top of 9705. It shows oversold position on daily
basis, while overbought position on weekly and monthly basis. On upward movement, beyond 9630 it may
witness resisting level at 9672. On downward movement, below 9585 it may go down to 9550, 9510, 9475
with support at 9435.
Bank Nifty Future (23460.15) :- It is moving downward from top of 23778.50. It shows oversold position
on daily basis, while overbought position on weekly and monthly basis. On upward movement, beyond
23525 it may witness resisting level at 23595 and 23778. On downward movement, closing below 23335 it
indicates weakness.
Allahabad Bank (70.10) :- It is moving up from bottom of 60.80. It shows neutral position on daily basis,
oversold on weekly basis and overbought to towards neutral on monthly basis. On upward movement,
beyond 75 it may go up to 81 and on further improvement it may be in range of 87 to 92. It may not do down
below 67.
Aurobindo Pharma (653.70) :- It shows upward movement from bottom of 501.98. It shows overbought
position on daily and weekly basis, while oversold position on monthly basis. On upward movement, be-
yond 657 it may go up to 673 and then in range of 683 and 695. On downward movement, below 631 it may
get support at 618.
Divis Lab (641.10) :- It is witnessing rebounding spurt from bottom of 532.65. It shows overbought to
neutral position on daily basis, overbought on weekly basis and oversold position on monthly basis. On
upward movement, beyond 555 it may be in range of 680, 697 and 713 and beyond that in range of 730 to
745. On downward movement, it may get support at 633 and 615.
JSPL (124.50) :- It is moving upward from bottom of 102.70. It shows overbought position on daily,
weekly and monthly basis. On upward movement, beyond 130 resisting level could be at 136 and beyond
that the improvement may continue. The support could be at 120.
Reliance (1388.80) :- It is improving from bottom of 1295.10. It shows towards overbought position on
daily basis, while neutral on weekly basis and overbought on monthly basis. On upward movement, be-
yond 1402 it may go up to 1468 to 1480 and 1500. On downward movement, it may get support at 1345.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
Good relations are like needles of clock, they only
meet for some time but always stay connected
SMART
INVESTMENT
Dilip Davda Best Buy
e-mail Experts Eye Himatsingka Seide,
dilip_davda@rediffmail.com Eimco,
Aimco Pest
Negative week amidst consolidation

During the week, domestic as well as global economic data unfolded and came in line with
expectations. However, Fed Bank hiking rates by 25 bps dampen the sentiment and overshadow
cooling data of IIP, CPI and WPI at home front. Market marked range bound trades for most part of
the week with both side movements. According to analysts, market was in a consolidation mode
before taking any side big move. For a while, monsoon is delayed a bit. FIIs are in selling mode
post US Fed rate hike, thus market is likely to test new higher bottom going forward.
During the week, indices moved in the range of 9654.15-9560.80 and 31260.77-31017.18 for
NSE Nifty and S&P BSE Sensex respectively.
Secondary Market :- On Monday, markets opened on a poor note and continued to trade in red
for the day following weak global trends. NSE Nifty lost 51.85 points to close at 9616.40and BSE
Sensex marked deficit of 166.36 points to end the day at 31095.70. Profit booking was seen across
the board. FIIs were net sellers ahead of US Fed meet.Auto, Power, Consumers Durables, Capital
Goods, Banking counters lead the doom and got support from Mid and Small cap counters. IT
counters witnessed mixed trends. Muthoot Capital turned ex-bonus (1 for 10). Viji Fin announced
bonus in the ratio of 1 share for every 10 shares held.
With a flat but negative opening market moved in a narrow range on Tuesday to close with
divergent trends. While NSE Nifty marked loss of mere 9.50 points to end the day at 9606.90, BSE
Sensex gained just 7.79 points to close at 31103.49. Profit booking at every rise was the order of
the day ahead of US Federal monetary policy meet. FIis remained net sellers. IT, Auto, Oil and Gas
counters lead the doom and got support from Mid and Small cap fancied counters. Market lost from
the high of the day on continued hammering. Wipro turned ex-bonus (1 for 1).
With higher openings on Wednesday indices maintained range bound trading to close in green
with small gains. NSE Nifty scored 11.25 points to close at 9618.15 and mirroring similar trends,
BSE Sensex gained 52.42 points to end the day at 31155.91. Short coverings and surge in RIL
and select pharma counters helped indices to gain. While FIIs remained net sellers, local opera-
tors supported select Mid and Small cap counters. However, market was in caution mode ahead of
US Fed meet outcome. Metal and mining too marked heavy offloadings.
On Thursday markets opened on a divergent note and moved in a narrow range to close in red.
NSE Nifty lost 40.10 points to end the day at 9578.05, BSE Sensex marked deficit of 80.18 points
to close at 31075.73. Thus Nifty broke the sentimental barrier of 9.6K. US Fed hiking rates by 25
During the Week Dividend Announcements bps played a spoil sport and glo-
bal markets turned weak with
S Chand (25%), Jindal Hotels (8%), BLS Intl (30%), heavy selling. We too marked
Gulshan Poly (30%), Manpasand Beverages (10%), UPL Ltd tremors for the same. FIIs were
(350%), Carnation Ind (4%), Tirupati Sarjan (6%) etc. the mega net sellers for the day.
However, surge in RIL helped
Bonus Announced Ex-Bonus arresting mega slide. Select Mid
Muthoot Capital (1 for 10) and Small cap counters contin-
Viji Fin (1 : 10)
Wipro (1 for 1) ued northward journey on in-
Jayant Agro (1 : 1) formed buying. Power, Capital
Thacker (32 for 21)
SMART
INVESTMENT
Goods, Banking counters witnessed selling spree while select Pharma counters gained.
On Friday markets marked opened on a firm positive note, but as the day progressed, it moved
in a narrow range to close on divergent notes. While NSE Nifty marked gain of just 10.00 points to
close at 9588.05, BSE Sensex posted deficit of just 19.33 points to end the day at 31056.40. Thus
while Sensex kept holding on 31K for the week, Nifty failed to close above 9.6K. Positive opening
following firm Asian market got vanished as the day progressed. US political concern and weak
economy data were at the center stage. Nifty slapped last five week's gaining streak. IT and Pharma
counters lead the doom in subdued market sentiment. Consumers Durables, FMCG, Banking
counters were up on short coverings. FIIs continued to be the mega net sellers. Surge in Tata
Motors and Kotak Mahindra Bank kept a check on sliding market. Thacker turned ex-bonus (32 for
21). Tejas IPO got around 1.9 times subscription till 6.30 pm of last day of the issue. Jayant Agro
announced surprised bonus in the ratio of 1 for 1.
During the week, NSE Nifty and BSE Sensex marked net weekly LOSS of 80.20 and 205.66
points respectively.
Rupee moved around Rs. 64.45 a dollar amidst FIIs selling spree and Crude Oil moved around
46$ a barrel on stock pile up reports and brought sigh of relief for a while. Delayed monsoon is
causing concern for a while and as GST regime is nearing, market may mark stand still trends in
near term with consolidation before taking any major either side move depending on the emerging
factors. On set of monsoon may bring some respite for a while, opine market pundits.
Under the circumstances, NSE Nifty and BSE Sensex may hover between 9850-9350 and 31750-
30250 respectively for the ensuing week.
Scrip Watch :- Investors may keep following scrip on radar that is gaining grounds with better
performances:
Himatsingka Seide (BSE Code: 514043) :- This textile sector company has (on consolidated
basis) reported net profit of Rs. 182.10 crore on a turnover of Rs. 2151.60 crore for the Fiscal 2016-
17 against net profit of Rs. 125.26 crore on a turnover of Rs. 1909.97 crore for the corresponding
previous fiscal. It has announced a dividend of 50%. As on 31.03.17 it's paid up equity capital of
Rs. 49.23 crore is supported by free reserves of Rs. 1018 crore plus. Scrip may be considered at
declined levels for medium to long term investment. It currently quotes around Rs. 343.15 against
52 week High/Low of Rs. 385/216, FV Rs. 5.
Eimco Elecon (BSE Code: 523708) :- This machinery and spares manufacturing company
has (on a consolidated basis) posted net profit of Rs. 24.72 crore on a turnover of Rs. 198.89 crore
for the fiscal 2016-17 against net profit of Rs. 17.88 crore on a turnover of Rs. 157.07 crore for the
previous corresponding fiscal. The company has announced a dividend of 50%. As on 31.03.17
it's paid up capital of Rs. 5.77 crore is supported by free reserves of Rs. 275 crore plus. Scrip may
be considered at declined levels for medium term investment. It currently quotes around Rs. 664.85
against 52 week High/Low of Rs. 700/311, FV Rs. 10.
Aimco Pest (BSE Code: 524288) :- This agrochemical sector company has (on a consolidated
basis) posted net profit of Rs. 11.36 crore on a turnover of Rs. 99.48 crore for the fiscal 2016-17
against net profit of Rs. 4.55 crore on a turnover of Rs. 96.99 crore for the corresponding previous
fiscal. The company will be on the dividend list very soon. As on 31.03.17 it's paid up equity capital
of Rs. 9.24 crore is supported by free reserves of Rs. 10.27 crore plus. Scrip may be considered for
medium to long term investment on cum-bonus/cum-dividend basis. It currently quotes around Rs.
165.10 against 52 week High/Low of Rs. 165/41, FV Rs. 10.
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. Author has not traded in above three stocks mentioned in Scrip Watch
during last one month and has no holdings or plans to invest in any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST) (Email: dilip_davda@rediffmail.com )
SMART
INVESTMENT
Scrip Watch - Dilip K. Shah
Wabco India (Rs. 5613.00) (Code : 533023) (F. V. : 5.00) :- Net profit of
WABCO India declined 10.73% to Rs 49.58 crore in the quarter ended March 2017 as against
Rs 55.54 crore during the previous quarter ended March 2016. Sales rose 2.27% to Rs
551.39 crore in the quarter ended March 2017 as against Rs 539.15 crore during the previ-
ous quarter ended March 2016.For the full year,net profit rose 4.97% to Rs 213.48 crore in
the year ended March 2017 as against Rs 203.37 crore during the previous year ended
March 2016. Sales rose 12.70% to Rs 1959.89 crore in the year ended March 2017 as
against Rs 1739.11 crore during the previous year ended March 2016. Wabco is one of the
leading manufacturer of ABS i.e. Antilock Braking System, an electronically-controlled brak-
ing technology that differentiates stoppage among the wheels to prevent skidding of vehicles
on turns and slippery surfaces.With the government focusing more on safety norms, WIL is
well placed to capture this growth opportunity, going forward.Accumulate.
PVR (Rs. 1558.00) (Code : 532689) (F. V. : 10.00) :- GST Council has decided
to lower tax on tickets priced less than Rs 100 to 18 per cent from 28 per cent proposed
earlier. However, the tax rate on tickets consisting over Rs 100 was fixed at 28 per cent. So,
there will be less negatives for the company. Meanwhile, Baahubali 2: The Conclusion has
had a phenomenal run at the box office and still has some steam left. PVR Ltd will benefit
from this and a healthy content pipeline of Wonder Woman, Despicable Me 3, Tubelight,
Jagga Jasoos and Dunkirk in fiscal 2018.Analysts are expecting PVR, the market leader, to
report a strong June quarter, riding on the success of Baahubali 2: The Conclusion. Nonethe-
less, much of the good news already seems factored into the share price, with the stock
surging as much as 63% in the past one year. PVR added 38 screens in the past financial
year and had 579 screens at the end of the year. This year, it intends to add 66 screens.
Currently, it trades at 39 times and 29 times, respectively, estimated earnings for the current
financial year and the next. The stock is worth accumullation.
Cosco India (Rs. 365.00) (Code : 530545) :- Established in 1980, Cosco (India)
Ltd (CIL) (market cap of Rs 154.7 crore), a Delhi-based company, manufactures and sells
sports balls for almost all the commonly and popularly played sports in India under its
Cosco brand. However, it is the companys traded goods segment that constitutes a major
chunk (approximately 60-65 percent) of the annual revenues through sale of fitness equip-
ment and other accessories.What makes CIL unique is the 'TINA' (There Is No Alternative)
appeal that works for it: it is the only listed player catering to this high growth sports segment
in India. Accompanied by solid fundamental tailwinds, quite a few factors seem to be going
right for the company's business.GST, that aims to introduce the concept of one nation one
tax, will bring the erstwhile unorganised units under the tax net and erode their pricing
advantage vis--vis organised players. This should help CIL to gain more market share over
a period of time.The stock is already in a momentum mode. Buy.
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
SMART
INVESTMENT
Market Tips - Dilip K. Shah
DCB (Rs. 210.00) (Code : 532772) (F. V. : 10.00) :- At a time when all banks are
grappling with reality, getting hit with mounting NPAs and fear of defaults only growing, one small
bank, DCB Bank has quietly been hitting new lifetime highs. Last week, on 13th June, it hit a new
record high at Rs.210.50 and today too, it hit a new high lifetime at Rs.211.20. Catering to mainly
self-employed and small business segment, its promoter is the Aga Khan Fund for Economic De-
velopment, which holds over 16% stake in the bank. When the Bank had declared its performance
for Q4FY17, the market was not happy as both, its asset quality as well as protability had slipped.
The Bank reported a 24% drop in net profit at Rs.53 crore on account of higher provisioning and tax
outgo. Provisions rose 11% (QoQ) at Rs.34 crore while YoY, it was up 24.5%. In terms of asset
quality, Gross NPA rose from 1.55% to 1.59% (QoQ) and Net NPA rose to 0.79% from 0.74%. Yet,
compared to the others, it looks attracitve. buy.
Alphageo (Rs. 907.00) (Code : 526397) (F. V. : 10.00) :- Alphageo India Ltd is
engaged for more than a quarter of a century in providing inland integrated seismic services for
downstream oil exploration companies. When oil majors need to discover oil, they need a trusted
consultant to tell them where to drill. Alphageo is that trusted consultant; it analyses subterranean
realities, generates data, interprets findings and goes back with geoseismic evidence to drive in-
formed decision-making. So, Alphageo enhances the capital efficiency of some of India's largest
oil companies. The big news, then, is that the ever-small Alphageo carved out the disproportion-
ately large share of seismic orders. The company's revenues in the five years leading to 2015-16
have been: Rs 46 crore, Rs 24 crore, Rs 96 crore, Rs 73 crore and Rs 90 crore. Contrast this with
the fact that the company's order book is now Rs 1,700 crore - and all of this to be liquidated by
June 2019. Meanwhile, its net profit rose 330% to Rs 34 crore in the quarter ended March 2017.
Sales rose 214% to Rs 166 crore.The stock is worth accumulation.
DCM Shriram Ltd. (Rs. 364.00) (Code : 523367) (F. V. : 2.00) :- Diversified
business group DCM Shriram has reported more than two-fold jump in consolidated net profit at Rs
156.35 crore for the fourth quarter of 2016- 17 year on better performance of its sugar, chemical and
plastic businesses.Total revenue rose by 23.73% to Rs 1,722.96 crore in the quarter ended on
March 31, 2017, from Rs 1,392.44 crore in the same period last year.For full FY2016-17, DCM
Shrirams consolidated net profit jumped by close to 83% to Rs 551.68 crore compared to Rs
301.75 crore in 2015-16.Total income rose to Rs 6,163.96 crore from Rs 6,070.92 crore in the said
period, the filing added.Healthy earnings growth during the year was a result of robust perfor-
mance of the sugar, chemical and plastic businesses.Better monsoons last year along with expec-
tation of a normal monsoon this year should augur well for sale of agri- input businesses in India.The
stock is worth accumulation.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
SMART
INVESTMENT
SMART TIPS Smita N. Zaveri
Sanghi Industries (Rs. 91.00) (Code: 526521) :- Shares of this cement and cement
products company are listed in the B Group and have face-value of Rs. 10. The share touched a
52-week high of Rs. 94 and low of Rs. 46. Sanghi Industries is the flagship company of Sanghi
Group. It has a clinker capacity of 3.3 million tonnes and grinding capacity of 4.1 million tonnes.
The company owns limestone mines, and gets lignite and fly ash from near its plant, helping it
keep costs lower. The company plans to increase grinding capacity to 8.1 million tonnes. The
company has ordered two ships recently and is also setting up two terminals in Gujarat and
Maharashtra for transport through sea route. For March 2017 quarter, Sanghi reported income of
Rs. 274 crores and net profit of Rs. 26.27 crores. The stock can be seen crossing Rs. 100 levels in
the short term, and at Rs. 120-125 levels in medium term.
SpiceJet (Rs. 124.00) (Code: 500285) :- Shares of this B Group listed low-cost airline
have face-value of Rs. 10. In the last 52 weeks, the shares touched a high of Rs. 126 and low of Rs.
54. A rising rupee and fall in crude prices will reduce the company's fuel cost. The company is also
shortly issuing warrants to raise funds. It is also in the process of placing orders for new Boeing
aircrafts. SpiceJet had reported disappointing numbers for Q4, which was mainly due to increase
in crude prices. Higher airport charges, employee expenses and higher operating costs had hit the
numbers. For March 2017 quarter, it reported income of Rs. 1,662 crores and profit of Rs. 41.64
crores. The next two quarters are traditionally good for the company owing to seasonal demand.
The decline in crude prices, which could lead to revision in ATF prices, will boost margins. The
stock is trading at a PE multiple of 13.8 and can be seen taking a big flight in the coming days.
Shanthi Gears (Rs. 141.00) (Code: 522034) :- The shares of this auto parts equip-
ment sector company are listed in B Group and have face-value of Re. 1. The shares touched a
high of Rs. 146 and low of Rs. 93 in the last 52 weeks. The company has two divisions, viz. Gear
division and gear box division. It supplies to textiles and OEM in other industries. The company's
portfolio comprises products in various sizes. For FY2017, company's income rose 12% to Rs. 184
crores, while net profit was up 24% to Rs. 23 crores. For Marc h 2017 quarter, it reported turnover of
Rs. 58 crores (Rs. 48 crores last year), and net profit of Rs. 6.15 crores (Rs. 5.6 crores last year). It
is expected to post 18 to 20% rise in income and 24-25% rise in operating profit in the coming year.
The stock can be seen at Rs. 175 levels in the medium term.
Heidelberg Cement (Rs. 132.00) (Code: 500292) :- The shares of this cement and
cement products company are listed in B group and have face-value of Rs. 10. The share touched
a high of Rs. 150 and low of Rs. 98. Heidelberg Cement is a subsidiary of Germany's Heidelberg
Cement Group. It has plants in MP, UP and Karnataka, which have total capacity of 5.4 million
tonnes. Promoter holding in the company is 69.39%. For the year 2106-17, company reported
income of Rs. 2,001.85 crores and profit of Rs. 76.21 crores. Operating profit margin was 5.68%,
while net profit margin was 3.81%. For March 2017 quarter, it reported income of Rs. 538.67 crores
and profit of Rs. 37.03 crores. The company is expected to benefit from growing demand for ce-
ment due to Centre's focus on infrastructure. Anand Rathi has given a 'Buy' rating on the stock with
a target price of Rs. 157.
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 16th June 2017 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
SMART
INVESTMENT
Smart super duper - Dilip K. Shah
ENIL (Rs.928.00) (Code:532700) :- The Times of India Group promoted company

owns 53 radio stations in 43 cities and 16 online radio licenses. The company operates radio
stations under brand name Radio Mirchi. As against equity of Rs47.67 crore, the company
has reserves of Rs809.70 crore. In FY2017 the company's income increased from Rs508.61
crore to Rs556.53 crore, while profit declined from Rs99.99 crore to Rs55.17 crore. The
bottom line get affected by other expenses and interest cost. However, the company ac-
counts for the maximum market share in the market. It is launching radio stations in other
cities. The stock prices are nearing all time high. It can be bought on downward movement.
Phonix Mills (Rs.449.00) (Code:503100) :- The leading real estate company man-
ages properties in Mumbai and other cities. It has its presence in Mumbai, Bengaluru, Chennai,
Pune, Raipur, Agra and Indore and has developed more than 1.5 million square feet space.
As against equity of Rs30.60 crore, the company has reserves of Rs1311.89 crore. The debt
to equity ratio is also very strong. It paid 110% dividend for 2015 and 2016. The real estate
stocks are in limelight so the company with strong backing of the promoters may perform
better in coming days. In FY2017, the company's income increased from Rs.1778.56 crore to
Rs1824.61 crore while profit increased from Rs81.55 crore to Rs167.92 crore with EP of
Rs10.97. The company's debt to equity ratio is strong. The stock is good option for invest-
ment in phased manner.
Himandri Speical Chemicals (Rs.68.00) (Code:500184) :- The company is
listed in the B group with face value of Rs1 a share. The stock prices remained between
Rs67.85 and Rs26.40 in last one year. In March quarter the company's sales increased from
Rs260.23 crore to Rs375.60 crore, while profit increased from Rs11.76 crore to Rs30.40
crore with EPS of Rs0.73. The company has witness turnaround position after three years.
As against equity of Rs41.84 crore, the company has reserves of Rs988.26 crore. It is one of
the leading producer of coal tar pitch (CTP) apart from producing chemical oil, carbon black
naphthalene, advance carbon, naphthalene suflonet. It owns six manufacturing units in India
and one in China. The stock may cross Rs75 level in next three months.
Hikal Ltd (Rs.209.00) (Code:524735) :- The 'B' group company's share price re-
mained between Rs256.10 and Rs142.6 during the year. The promoters hold 68.77% stake
and public hold 31.23% stake in the company. In March quarter, the company's income
increased from Rs289.79 crore to Rs309.57 crore, while profit increased from Rs22.24 crore
to Rs27.43 crore with EPS of Rs3.34. The company is present in pharmaceuticals, bio-tech,
agro-chemicals and specialty chemicals segments. It provides API, intermediaries and R&D
services. Its plants are approved by USFDA. The company is performing well from last four
years. It paid 50% dividend for FY2016 and 30% interim dividend and 30% final dividend for
2017. It can be bought with medium term outlook.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
SMART
INVESTMENT
A.J. Diwan (Mumbai)
E-mail : divanconsultancy@rediffmail.com
Market taking support at lower levels

In markets nifty is taking support around 9580 but not closing above 9650/80 levels.
Reliance has made agreement with BP for gas base trade but history of Reliance say that com-
pany is not successful in gas business, It may be due to government gas price. On Friday in open-
ing bell Reliance went down but recovered afterwards. The resistance level for next week is Rs.1410.
HPCL the share price has resistance at 532/535 on rise its good short with above as stop/loss.
Asian Paints: - share has support at 1080 any fall is an opportunity to buy with s/l at 1080.
Just dial is good short around Rs.412/415.
Yes bank has become technically weak Any rise up to Rs.1455 is good short with Rs.5 as S/L.
Rupee has weaken on Friday trade. In next week it may go to 65 against dollar. Us fed has
increased fed Rate. It is expected that it may increase further two times before 2018. The rate of
inflation in India has increased pressure on RBI to cut rate but looking at the border situation and
chaos in country plus monsoon results, we feel that RBI may not obliged.
In any fall accumulate Voltas and blue star as ac market is increasing.
In hind lever we do not advise to take profit home but to wait and watch or even buy in falling
market.
Pharma industry is passing through worst time. Over and above government is expected to fix
rates for important medicines. Lupin and IPCA nosedived on Friday. In Lupin people has brought
rate of Rs.1040/1050.
In Aurobindo Pharma we like to book profit. Andhra bank is good short around rs.61.5 and target
price is 58.
Tata steel should close above rs.515 than target is 525.
Index has support at31025 and resistance at 31180.
Financial Weekl
eeklyy
Every Wednesday
English & Gujarati Edition Gujarati Edition

SMART
INVESTMENT
Investment Ideas telegram.me/rupeegains7
Nifty :- For nextweek NIFTY has strong support around 9545 levels. Break will take it to
9495/9450 levels. On the upper side NIFTY will face strong hurdle at 9655 levels, cross over
with volume and close above will create short covering at take NIFTY up to 9710 levels
Bank Nifty :- For next week BANK Some Super Duper
NIFTY has strong support around
Recommendations in last one year
23310 levels. Break will take it to
Stocks Rec. High (%)
23225/23090levels. On the upper side Rate After
Recco.
BANK NIFTY will face strong hurdle at SHIVALIK BIMETAL 25 80 220%
23710 levels, cross over with volume DHP INDIA 135.6 413.9 205%
PIX TRANS 52.7 154 192%
and close above will create short cov- SHIVA GLOBAL 26.65 77.9 192%
EDELWEISS FIN 76 214.65 182%
ering at take BANK NIFTY up to 23850/ J M FIN 52.1 132 153%
24000 levels PRAKASH IND 39.2 98 150%
DYNAMIC PRODUCTS 65.5 159.9 144%
Astro trends : Mars enters in d sign NATH BIO 148 345.35 133%
FUTURE MARKET 40.35 93.95 133%
gemini (airy sign-vayutatva) from 26th SANWARIA AGRO 7.2 16.25 126%
JOINDRE CAP 13.6 29.7 118%
may midnyt onwards & form opposition GOVIND RUBBER 18.6 40.2 116%
with retrograde-vakrisaturn up to 21-6 MURUDESWAR CERA 25 53.8 115%
SHREE PUSHKAR CHEM 117 244.8 109%
roller coaster ride for short span after KATWA UDYOG 98 198.6 103%
DAIKAFIL CHEM 40 81 103%
reaching new high. KOLTE PATIL 102.5 204 99%
ELGI RUBBER 35.5 70.45 98%
To get free information for trading, KEI Industries 121.15 238 96%
CHENNAI PETRO 219 425 94%
investment, IPO, SME IPO join with my TRIDENT 48 92.3 92%
PIX TRANS 82 154 88%
telegram ID "TELEGRAM.ME/ TANLA SOLUTIONS 35.5 66.45 87%
RUPEEGAINS7". Also inform your I G PETRO 237 442 86%
IFB IND 388 697 80%
friends/relatives who are interested in MUKAND LTD 49.35 88 78%
RAMA PHOS 60 105.6 76%
stock market & want to create wealth AKAR TOOLS 45.75 78 70%
POLYPLEX CORP 293.3 500 70%
from stock market to join my telegram PUDUMJEE PAPER 19.2 31.2 63%
IBULLS WHOLESALE 33.55 54.4 62%
id "TELEGRAM.ME/RUPEEGAINS7". MANGALORE CHEM 50.5 82 62%
NOCIL 76.5 123.3 61%
For that in your mobile download app PRESSMAN AD 47 75.4 60%
TELEGRAM & then in search type PATELS AIRTEMP 138.45 222 60%
GRAUER WEILL 29.25 46.5 59%
RUPEEGAINS7 & then click on join. LANCOR HOLDINGS 25.25 40 58%
PHYTOCHEM 51.55 79.95 55%
RUPEEGAINS7 - CROSS AN- LKP FINANCE 90 139 54%
GTN TEXTILES 17.4 26.5 52%
OTHER MILESTONE 6411+ satisfied ATLANTA 79 119.7 52%
MAKERS LAB 95.5 144.3 51%
group members.
Cont....
SMART
INVESTMENT
SHORT TERM to MEDIUM TERM INVESTMENT IDEAS
Last week we recommended VINYL CHEMICALS @ Rs.70.75, it zoomed to Rs.79.50 levels in
just one week & recorded almost 12.4% appreciation.
ACTION CONSTRUCTION EQUIPMENT LTD (532762 & NSE) (Symbol:
ACE) (73.5) (Face Value Rs.2) :- Incorporated in 1995, Palwal based Action Construction
Equipment Limited manufactures and supplies material handling and construction equipment in
India. The company operates through Cranes, Material Handling/Construction Equipment, and
Agri Equipment segments. It offers mobile cranes, such as pick and move, lorry loader, and truck
mounted cranes; tower cranes, including fixed tower and self-erecting cranes; crawler cranes; back-
hoes and loaders; road equipment, which include vibratory rollers and motor graders; forklift trucks
and tele handlers; and agriculture equipment, such as tractors, harvester combines, rice planters,
rotavators, and balers. The company serves various sectors comprising infrastructure construc-
tion, power projects, ports and shipyards, dams, metro rail, roads, mining, steel and engineering,
railways, cement, petroleum, defense, chemicals and fertilizer plants, warehousing, logistics, build-
ing construction, etc. It also exports it machines.
With an equity base of Rs.23.46crore, company has reserves around Rs.240.78crore. Promot-
ers hold 73.10% while investing public hold 26.90% stake
For FY17, ACE posted 18% higher sales of Rs.751.26crore with 106% higher PAT of
Rs.20.51crore as against a PAT of Rs.9.95crore in FY16 fetching an EPS of Rs.1.50.
Stock is looking hot for short term investment & has given strong upward break out on weekly
chart.
Buy with stop loss of Rs.66 for an upper target of Rs.83/87 in coming days
INDO AMINES LTD (524648) (78.2) :- Indo Amines Limited, incorporated a public
limited company in 1994, is a significant worldwide manufacturer, developer and supplier of Fine
Chemicals, Speciality Chemicals, Performance Chemicals, Perfumery Chemicals and Active Phar-
maceuticals Ingredients. The products manufactured find application in various industries like
Pharmaceuticals, Agrochemicals, Fertilizers, Petrochemicals, Road Construction, Pesticides, Per-
fumery Chemicals, Dyes and Intermediates, etc. The Company Has Four manufacturing Sites lo-
cated at Baroda, Dombivli, Rabale and Dhule.
It has an equity base of Rs.32.92crore. The Promoters hold 73.85% while the investing public
holds 26.15% stake in the company.
During Q4FY17, IAL posted sales of Rs.79.91crore as against Rs.67.22crore in Q4FY16. Net
profit of the company zoomed 53% to Rs.3.98crore as against Rs.2.60crore.
During FY17, its net profit zoomed 59.47% to Rs.14.56crore from Rs.9.13crore in FY16 on 13.46%
higher sales of Rs.287.50crore fetching an EPS of Rs.4.42.
Currently, the stock trades at a P/E of just 17.7x. It hasdeclares 10% dividend for FY17.
Stock is looking attractive at current market price.
One can buy with stop loss of Rs.72. On the upper side, it could zoom to Rs.96/100 levels in
short to medium term...
NHPC LTD (533098& NSE) (33.25) :- Founded in 1975, Faridabad based NHPC
Limited, together with its subsidiaries, generates and sells electricity in India. It owns and operates
20 hydroelectric power stations with an installed capacity of approximately 6,587 megawatts. The
company also undertakes construction and project management contracts, as well as offers
SMART
INVESTMENT
consultancy services, such as survey and investigation, planning, design and engineering, con-
struction, operation and maintenance, renovation, modernization and uprating of hydro power
projects, and other associated works to clients in public and private sectors. NHPC Limited sells
electricity to bulk customers that include electricity utilities owned by state governments/private
distribution companies.
It has an equity base of Rs.10259.32crore that is supported by huge reserve of around
Rs.18755.50crore. The Promoters hold 74.50% while the investing public holds 25.50% stake in
the company.
During FY17, its net profit zoomed 19.35% to Rs.3480.33crore from Rs.2915.91crore in FY16
on higher sales of Rs.8623.13crore fetching an EPS of Rs.2.09.
Currently, the stock trades at a P/E of just 15.9x. It has paid 17% interim dividend for FY17 &
declares 1% final dividend for FY17.
Technically stock is looking hot & explosive on chart. One can buy with stop loss of Rs.31.3. On
the upper side above 34.5, it could zoom to Rs.37/40 levels in coming days
SAKUMA EXPORTS LTD(532713 & NSE) (70) :- Incorporated in 1998, Mumbai
based Sakuma Exports Limited engages in trading various commodities in India. It imports and
exports various products, such as maize, de oiled cakes, castor oil, tea leaves, red split lentils,
moong, channa dal, chick peas, peanuts, peanuts in shell, seasame seeds, niger seeds, rice, wheat,
sugar, cotton, coriander, turmeric, tamarind, cumin seeds, chillies, fenugreek seeds, watermelon,
jaggery, cashews, onions, pulses, oil meal, coal, etc. The company exports its products to approxi-
mately 75 countries.
It has an equity capital of Rs.16.43crore supported by reserves of around Rs.148.64crore. The
promoters hold 69.03% of the equity capital, which leaves 30.97% stake with the investing public.
Its share book value works out to Rs.99.12 and the price:book value ratio stands at just 0.70x.
For Q4FY17, SEL's net profit soared 50.14% to Rs.5.03crore on 79% higher sales of
During FY17, its net profit zoomed 14.97% to Rs.37.09crore on 24.94% higher sales of
Currently, the stock trades at a P/E of just 3x.
Company has declares 10% dividend for FY17.
Company has reported superb growth in last 5 years. It has reported NP of Rs.6.43crore in
FY13, NP of Rs.17.89crore in FY14, NP of Rs.19.58crore in FY15, NP of Rs.32.26crore in FY16 &
NP of Rs.37.09crore in FY17 translating 42% CAGR growth in last 5 years.
Stock is trading between Rs.60-70 since last one year and expect positive break out in near
future. Investors can buy this stock with a stop loss of Rs.62. On the upper side, the stock could
zoom to Rs.83 levels in the short term while it shall zoom up to Rs.100-105 in to medium term.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the
stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale
of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their
going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed
to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions.
We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal
or financial losses made by anybody.
SMART
INVESTMENT
NIKHIL BHATT
(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 19-6-2017 to 23-6-2017
NIFTY FO RANGE @ 9517 TO 9633 POINT IN SHORT TERM!!!

Dear Friends,
NIFTY FO CLOSED @ 9590 AS ON 16.06.2017..!!
NIFTY FO has resistance at 9619 - 9633 Level; above which other resistance levels are at 9647
- 9660 Level with highly Volatile Trend.
In Downside support levels are at 9561 - 9644 Level; below 9544 Level, other support levels are
at 9517 - 9509 Levels.
I am positive for next week above 9660 Level 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 crosses 9660 Level, again then the upper side target is quite high and it may touch
9696 Level in short term...!!!
Golden Stocks for the period : 12-6-2017 to 16-6-2017
1. L & T (1736) : It is suggested to buy @ Rs 1721 with SL of Rs 1717 for the target of Rs 1753
- 1767; below Rs 1717 it can fall up to RS 1707 - 1696 levels. If it crosses Rs 1767 level than
expect nonstop rally up to Rs 1773....!!
2. APTECH (216) : Operator based Game start in this stock, BUY @ Rs 203 With SL of Rs 197
for the target of Rs 231 - 244 level below Rs 197 it can show further downfall up to Rs 193!!!
3. Simplex Projects (40) : Buy delivery of this stock near @ Rs 33 with SL of Rs 28 for the
target of Rs 51 - 57 level. It is very good for medium term position also!!!
4. Deepak Nitrite (161) : This stock is looking very good to buy @ Rs 147 with SL of Rs 143 for
the target of Rs 173 - 181 Levels below Rs 143 is stock shall witness free fall!!!
5. Karur Vysya Bank (146) : Buy @ Rs 133 levels considering minor support of Rs 131 and
stop loss of Rs 128 for an upper target of Rs 161 - 173 levels. Below Rs 128 it can slip up to RS 123
- 120 levels!!!
6. Jai Corp. (80) : Operator based buying has been there in this stock. Buy @ Rs 73 with SL of
Rs 67 for the target of Rs 93 - 99 levels it is very good for long term position also!!!
7. Salona Cotspin (63) : Trading point of view BUY @ Rs 57 With SL of Rs 53 for the target of
Rs 71 - 77 level below Rs 53 It can show further downfall up to Rs 50..!!!
8. Binani Industries (80) : Buy delivery of this stock near @ Rs 73 with SL Rs 71 for the target
of Rs 93 - 103 level. It's very good for long term position also!!!
9. Udaipur Cement (30) : For medium term buying is suggested @ Rs 24 with SL Rs 21 for the
target of Rs 37 - 44 level. Below Rs 20 it can show further downfall!!!
10. ACC CEMENT (1643) : It is suggested to SELL with SL Rs 1657 for the target of Rs 1627 -
1616 below @ Rs 1616 it can slip up to Rs 1609 - 1600 level. Above Rs 1661 level will take the
stock to Rs 1663 - 1670!!!
SMART
INVESTMENT
Primary Market - Dilip K. Shah
Brake on bullish run in Secondary, but Primary Market is still in full swing
Along with Tejas IPO three issues are in the market this week
Gujarat rules IPO market: Four mainline and four SME issues in the market
Tejas Network IPO may get listed with nominal premium or discount
Fancy may increase in Ahmedabad-based Eris Life's issue that opened on June 16
CDSL IPO seems to be attractive from the beginning
GTPL Hathway issue with offer price of Rs167 to Rs170 will open on June 21 & close on June 23
AU Fin's IPO to open on June 28 and close on June 30: Offer price is Rs 335-337
Vadodara-based company's NSE SME IPO with fixed price of Rs60 to open on June 22
M&M Group Co. Mahindra Logistics gets board approval for IPO: Will sell 10% stake in Reliance General
Capacity Infra and Future Logistics to come up with Rs400 crore and Rs700 crore issues respectively
Eris, CDSL, GTPL and AU IPO: how and when will be subscription, allotment and listing ?
Gitanjali Gems' Nakshatra World gets SEBI nod for Rs650 crore issue
Global Textile and Riddhi Corp issues gets oversubscribed
Bansal Multiflex's issue may open in July
SREI Infra's Bharad Rods will come up with Rs1200 crore issue
The bull's run in the secondary market has got hurdles but primary market seems to be soaring
high as out of 21 IPOs 18 IPOs have given good returns to the investors making them confident.
Therefore, more companies are joining the IPO bandwagon.
It is important to note that Gujarat rules the IPO market bot in mainline issues and SME issues.
Gujarat-based four companies - Eris Lifescience, GTPL Hathway, Mas Finance and Shalby Hos-
pitals are coming up with mainline issues while two SMEs - Global Textile and Riddhi Corporation
- have already hit the market. One more company, Vadodara-based Accord Synergy is coming up
with issue. Bansal Multiflex' issue was supposed to open on June 19/21 but now it has postponed
its decision due to flooding primary market.
In the last week, Tejas Networks and Eris Lifescience entered into the market. This week two
more issues CDLS and AU Finance are coming.
* Tejas Networks :- The issue closed on June 16. The company plans to raise Rs776 crore
through offering shares at price of Rs250-257.
Subscription :- It got 2.16 times in QIB, 0.48 times in HNI, 3.10 times in retail with overall sub-
scription at 1.88.
Discovery Price :- It could be at Rs257.
Allotment :- Allotment will be on June 21, fund will be unblocked on June 22. As it has got 3.10
SMART
INVESTMENT
Main - line IPO (Non SME)
Sr Company Issue Open Dt. Issue size Offer price Min. Rs. 1,00,00 Rs. 2,00,000 Listing Rating (%) &
Issue Close Dt. (Rs. Cr.) (Rs.) App. Limit Limit Remark
1. ERIS 16-6-2017 2,88,75,000 600 to 603 24 Shares 144 Shares 312 Shares BSE 40 %
Life Sciences 20-6-2017 Eq. Shares (F. V. Rs. 1) Rs. 14,472 Rs. 86,832 Rs. 1,88,136 NSE Expenisve
(Book Building) (Rs. 1741 Cr.) (Apply for Long Term)
2. CDSL 19-6-2017 3,51,67,208 145 to 149 100 Shares 600 Shares 1300 Shares NSE 45 %
(Book Building) 21-6-2017 Eq. Shares (Rs. 14,900) (Rs. 89,400) (Rs. 1,93,700) Attractive
(Apply for Listing Gain)
3. GTPL 21-6-2017 Fresh Eq. 240 Cr. 167 to 170 88 Shares 528 Shares 1144 Shares BSE 37 %
Hathway 23-6-2017 + OFS : 1,44,00,000 (Rs. 14,960) (Rs. 89,760) (Rs. 194480) NSE Average
(Book Building) Eq. Shares (Apply for Long Term)
(Rs. 484.80 Cr.)
4. AU 28-6-2017 5,34,22,169 335 to 337 44 Shares 264 Shares 572 Shares BSE Next Week
Financiers 30-6-2017 Eq. Shares -- (Rs. 14,828) (Rs. 88968) (Rs. 1,92,764) NSE
(Book Building)
times subscription in retail sector, out of 9 Grey Market Premium

IPOs Offer Price Premium Kostak Price Subject to Sauda
applicants 4 will be allotted 55 shares.
Name (Rs.) (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
Listing :- The shares will be deposited Tejas Net.250 to 257 3 to 4 (Seller) -- --
in account on June 23 and listing will be (H/L : 60 / 2)
ERIS Life 600 to 603 55 to 57 300 1000
on June 27. It may get listed on discounted (Buyer)
rates. Even if it gets listed with premium it (H/L : 75 / 40)
CDSL 145 to 149 101 to 103 575 8800
would be nominal only. (H/L : 135 / 73)
* Eris Life :- The issue has opened on GTPL 167 to 170 30 to 32
(H/L : 40/25
June 16. The company plans to raise
A U Fin. 335 to 337 110 to 115 950 (Buyer) 3200
Rs1741 crore through offering shares at Do not subscribe for IPO by just seeing premium price as it may change anytime
before listing : Subscribe only considering fundamental of the Companies
offer price of Rs600-603. More details are For latest grey market premium please check everyday
www.smartinvestment.in
given in separate box.

Subscription :- On the first day it has got 0.12 times subscription including 0.07 times in QIB,
0.02 times in HNI, 0.41 times in retail and 0.0 in employee categories.
It is likely to get good response in QIB and HNI categories. However, there will be lack of fancy
in retail segment as only 10% shares will be allocated in this category.
Allotment :- The issue will close on June 20 so allotment may be on June 23. Fund will be
unblocked on June 27. Out of 9-10 applicants one may get 24 shares.
Listing :- The shares will be deposited in account on June 28 so listing may be on June 29. It
may get listed around 650/660 and riding on good sentiment may cross Rs655 level.
* CDSL :- The issue will open on June 19 and close on June 21. More details are given in
separate box.
Subscription :- It is believed that subscription could be 15 to 17 times. It may witness 150 to 200
times subscription in QIB and HNI categories.
Discovery Price :- It could be at upper band of Rs149.
SMART
INVESTMENT
NSE SME IPO
Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Accord 22-6-2017 9,72,000 Eq. 60 2000 Eq. Shares 38 % APPLY
for Medium
Synergy 28-6-2017 (Rs. 5.83 Cr.) (Rs. 1,20,000)
Term
Allotment & Listing Process (Likely) Subscription Figures of

ERIS Life Sciences
Tejas ERIS CDSL GTPL AU
Networks Life Hathway Financiers No. Shares Issue
Issue Closes 16-6-17 20-6-17 21-6-17 23-6-17 30-6-17 Offered/ Subscription
Finalisation of Basis of Allotment21-6-1723-6-17 27-6-17 29-6-17 5-7-17 Reserved 16-6-16
Refund/Unblocking of Fund from ASBA 22-6-17 27-6-17 28-6-17 30-6-17 6-7-17
QIBs 8617500 0.07
Credit of Eq. Shares to Demat A/c.23-6-1728-6-17 29-6-17 3-7-17 7-7-17
HNI 4308750 0.02
Listing on BSE / NSE 27-6-17 29-6-17 30-6-17 4-7-17 10-7-17
Retail 2872500 0.41
Allotment / Refund :- Allotment could be on June 27 and fund will be Empl. 150000 0.00
Total 15948750 0.12
unblocked on June 28. Out of every 15 retail applicants only one may
get 100 shares.
Listing :- The shares will be deposited on June 29 and listing could be on June 30 around
Rs220-240 and may cross Rs250 level.
* GTPL Hathway :- The issue will open on June 21 and close on June 23. More details are
given in separate box.
Subscription :- It may get average response due to high fancy in Eris Life and CDSL issues. It
may get good response in HNI and QIB but retail subscription could be around two/three times.
* Discovery Price :- It could be at upper price band of Rs170.
Allotment/Refund:- Allotment may take place on June 29 and fund will be unblocked on June
30. Out of every 3 to 4 applicants only 2 will get 88 shares. It may get full and firm allotment due to
high fancy in CDSL.
Listing :- It could get listed on July 4. It may get premiums if the players get active on the last
day. Gain possibility is minimum.
Eris Life Sciences
* AU Financiers :- Bengaluru-based small bank's issue will open
on June 28 and close on June 30. The issue with offer price of Rs335-
339 will offer 5,34,22,169 shares. Lead managers are ICICI Sec, HDFC
Bank, Motilal Oswal, City Bank. Allotment may be on July 5, fund will Eris Life Sciences IPO
be unblocked on July 6 and shares will be deposited on July 7 so Opened on 16th June &
Closes on 20th June,
Subscription Figures of Price Band Rs. 600 to 603
Tejas Networks IPO GTPL Hathway

No. Shares Issue Subscribed
CDSL
Offered/ 14-6-16 15-6-16 16-6-16
Reserved
QIBs 9434105 0.06 0.33 2.16
HNI 4606740 0.01 0.02 0.48 GTPL Hathway IPO
Openes on 21st June & CDSL IPO Opens on 19th June
Retail 3071160 0.38 1.10 3.10 Closes on 23rd June & Closes on 21st June, Price
Total 17112005 0.11 0.38 1.88 Price Band Rs. 167 to 170 Band Rs. 145 to 149
SMART
INVESTMENT
CDSL IPO GTPL Hathway AU Financiers
Retailers may apply Retailers may apply Retailers may apply
Shares Amt. Shares Amt. Shares Amt. Shares Amt. Shares Amt. Shares Amt.
100 14,900 700 1,04,300 88 14,960 616 1,04,720 44 14,828 308 1,03,796
200 29,800 800 1,19,200 176 29,920 704 1,19,680 88 29,656 352 1,18,624
300 44,700 900 1,34,100 264 44,880 792 1,34,640 132 44,484 396 1,33,452
400 59,600 1000 1,49,000 352 59,840 880 1,49,600 176 59,312 440 1,48,280
500 74,500 1100 1,63,900 440 74,800 968 1,64,560 220 74,140 484 1,63,108
600 89,400 1200 1,78,800 528 89,760 1056 1,79,520 264 88,968 528 1,77,936
1300 1,93,700 1144 1,94,480 572 1,92,764
listing could be on July 10. It may get 5/7 times subscription in retail and out of every 8/9 applicants
only 2 will get 44 shares.
* NSE SME Issues :- Accord Syngery's issue will open on June 22 and close on June 26. More
details are given in separate box.
* Insight into upcoming issues:-
Mahindra Logistics :- Board has approved for partial share selling.
SREI promoted Bharat Roads :- It will raise Rs1200 crore.
Reliance General :- ADAG Group company will sell 10% stake.
Future Logistics :- Kishore Biyani group's logistic company to raise Rs700 crore.
VLCC :- It may come up with issue in 4th quarter.
Nakshatra World:- It has got Sebi nod for Rs650 crore issue.
Capacity Infra Projects:- It will come up with Rs400 crore issue.
Grey Market Movement...

Tejas Premiums Crumble, Investors rush for 'Stop Payment'
CDSL and AU Fin gets high fancy:
Eris premiums at Buyer' 55 / 57
AU Fin. premiums soars high: Application forms at Rs 950
GTPL lacks fancy, no volume
Investors in tizzy as issue premiums sky rockets with
announcement but crumbles latter on
Grey market investors are witnessing difficult situation as the premiums sky rocket with
announcement of opening of IPO but falls rapidly afterwards. So it is better to be cautious.
The investors in Tejas Networks issue have been heading towards banks for 'Stop Pay-
ment'.
Eris Life :- Premiums have gone down but gaining fancy. Form-subject to deals are
taking place.
CDSL :- It is witnessing higher fancy. Premiums are at 135 and subject to at Rs14,000.
GTPL :- It lacks fancy. The premiums are at 30/32 but no deals are taking place.
AU Fin. :- It may witness high volatility in premiums and forms deals.
SMART
INVESTMENT
Eris Lifesciences IPO
Opened on June 16th & Closes on 20th June, 2017
Price band Rs. 600 to 603 ; Listing BSE - NSE
Eris Lifesciences Ltd (ELL) is a developer, manufacturer and commercializer of branded
pharmaceutical products in select therapeutic areas within the chronic and acute catego-
ries of the IPM such as cardiovascular, anti-diabetics, vitamins, gastroenterology and
anti-infectives. Company's focus has been on developing products in the chronic and
acute category which are linked to lifestyle related disorders. The chronic category of the
IPM contributed 65.6% of ELL's revenues in Fiscal 2017.
The company is coming out with a maiden IPO of 28875000 equity share of Re. 1 each
as offer for sale from the existing stakeholders. The issue is being made via book building
route with a price band of Rs. 600-603 to mobilize Rs. 1732.50 to Rs. 1741.16 crore
(based on lower and upper price band). Issue opens for subscription on 16.06.17 and will
close on 20.06.17. Minimum application is to be made for 24 shares and in multiples
thereon, thereafter. Post allotment, shares will be listed on BSE and NSE. BRLMs to the
issue are Axis Capital Ltd, Citigroup Global Markets India Pvt. Ltd and Credit Suisse
Securities (India) Pvt. Ltd. Link Intime India Pvt. Ltd. is the registrar to the issue. The
Company has reserved 150000 shares for employees and from the balance, 75% of the
issue for QIBs, 15% for HNIs and 10% for Retail investors. This offer is done to provide
exit route to some of its existing shareholders and listing benefits.
Financial Performance :- On performance front, the company has reported (on con-
solidated basis) turnover/net profits of Rs. 513.24 cr. / Rs. 70.54 cr. (FY14), Rs. 549.05
cr. / Rs. 89.26 cr. (FY15), Rs. 600.39 cr. / Rs. 134.86 cr. (FY16) and Rs. 744.07 cr. / Rs.
241.90 cr. (FY17).
BRLM's Performance :- On merchant banker's front, 3 BRLMs associated with the
offer have handled 27 public issues in past three years out of which 6 issues closed below
the issue price on the listing date.
Note : Erise Lifescienes is offering discount Rs. 60 per share to eligible employees.
SMART
INVESTMENT
Other side of Eris Life sciences IPO
The average Equity cost to the selling shareholder is only 87 & offer price Rs. 603
FV is Rs. 1, hence on Rs. 10 FV price band comes Rs. 6000 to 6030
Negative cash flow in the past due to OFS it will not get funds from IPO
Impact of DPCO likely; Complaint against company for gifting doctors
PE of 34 ; P/BV of 15, It appears IPO is expensive hence apply for long term
" The average acquisition cost of Equity shares selling shareholders is only Rs. 87
and offer price is Rs. 600 to 603
" Considering face value of Equity shares Rs. 1, On face value of Rs. 10, Price band
will be Rs. 6000 to Rs. 6030
" It has issued bonus share in the ratio of 10:1 in March 2009 and 9 : 1 in Sept. 2016
" Company has experienced negative cash flow in the past
" Do not own corporate - Registered office. It's on lease.
" Its OFS issue so company will not get fund from proceeds.
" Company has received complaint from medical council as it has provided gift to
several doctors
" Impact of DPCO is likely ion near term
Note : For the last four fiscals the company has posted CAGR of 14% in revenue & 33%
CAGR in PAT on consolidated basis asking price is at a PE of 34 plus & P/BV of 15.
Average RONW is 42.90 %; In comparison of peers likely Abbott, Sanofi & Pfizer PE
seems expensive.
Recommendation : Offer price appears expensive but investors may apply for long term
SMART
INVESTMENT
CDSL IPO
Opens on 19th June & Closes on 21st June, 2017
Price Band Rs. 145 to 149 ; Listing on Only NSE
Central Depository Services (India) Ltd, popularly known as CDSL is the leading secu-
rities depository in India by incremental growth of Beneficial Owner ("BO") accounts over
the last three Fiscals and by the total number of registered Depository Participants ("DPs"),
as at the end of Fiscal 2016, according to the CRISIL Report. However, in terms of market
share, CDSL is the second largest depository in India.
The company is coming out with a maiden IPO of 35167208 equity share of Rs. 10 each
as offer for sale through book building route. It has fixed the price band of Rs. 145-149 and
likely to mobilize Rs. 509.93-523.99 crore based on lower and upper price band. Issue
opens for subscription on 19.06.17 and will close on 21.06.17. Minimum application is to
be made for 100 shares and in multiples thereon, thereafter. It has reserved 700000 equity
shares for eligible employees and from the rest; it has reserved 50% for QIBs, 15% for
HNIs and 35% for retail category. The offer shall constitute up to 33.65%of the fully diluted
post offer paid up equity share capital. Post allotment, shares will be listed only on NSE.
Through this offer, CDSL is providing exit route to its current stake holders and also to
explore listing benefits. BRLMs to this issue are Axis Capital Ltd, Edelweiss Financial
Services Ltd, Nomura Financial Advisory & Securities (India) Pvt. Ltd, SBI Capital Mar-
kets Ltd, Haitong Securities Indi) Pvt. Ltd., IDBI Capital Markets & Securities Ltd, Yes
Securities (India) Ltd. Link Intime India Pvt. Ltd. is the registrar to the issue.
Financial Perfomance :- On performance front, CDSL has (on consolidated basis)
reported total income/ net profits of Rs. 145.47 cr. / Rs. 57.49 cr. (FY15), Rs.161.34 cr. /
Rs. 90.99 cr. (FY16) and Rs. 186.85 cr. / Rs. 85.78 cr. (FY17). This issue being offer for
sale, its paid up equity remains at the same level of Rs. 104.50 cr. (Entire equity is issued
at par). BSE Ltd that holds 50.05% of the paid up equity in CDSL will reduce its holding to
24% post this offer. It has posted an average EPS of Rs. 7.93 (on consolidated basis) with
an average RoNW at 16.68% for last three fiscals. It has no listed peer to compare with.
The asking price at the upper band is at a P/E of 18 plus and at a P/BV of 2.92 which
appears reasonable.
Merchant Bankers Performance :- On merchant banker's front, 7 BRLMs associated
with this offer have handled 32 issues in past three years out of which 8 issues closed
below the issue price on listing date.
SMART
INVESTMENT
Other side of CDSL IPO reviews
Average Equity cost to selling shareholder is 10 to 18 & offer price is Rs. 149
Net Profit & RONW down in FY 17; Listing on NSE Only
Considering PE of 22.91 & P/BV of at 2.84; It appears reasonable price
As promoted by BSE, Outlook looks bright; One can apply blindly
" The average acquisition cost to the selling shareholder is Rs. 10 to 18.20
& the offer price is Rs. 149
" Its net Profit in FY 16 was Rs. 91 Cr. Which come down Rs. 86 Cr. In FY
17
" In October 16 - BSE sold shares of CDSL to LIC at Rs. 80 only and now
LIC is selling shareholder and offering at Rs. 149
" Offered shares will be listed on NSE Only
" Its OFS issue so company will not fetch from proceeds.
Note : PE on diluted & basic EPS of FY 17 P/BV is 2.84
Recommendation : - Offer price appears reasonable. Considering entire
positive factors, the outlook of the company looks bright. Investors may apply in
the IPO blindly.

SMART
INVESTMENT
GTPL Hathway IPO
Openes on 21st June & Closes on 23rd June, 2017
Price Band Rs. 167 to 170 ; Listing on BSE-NSE
GTPL Hathway Ltd (GTPLH) is a leading regional MSO in India, offering cable television and
broadband services. It was the number 1 MSO in Gujarat with a market share of 67% of cable
television subscribers in 2015, accounting for approximately 3.7 million of 5.6 million cable
television households in Gujarat and number 2 MSO in Kolkata and Howrah in West Bengal
with a market share of 24% of cable television subscribers in this market in 2015, accounting for
approximately 0.7 million of 3.0 million cable television households in Kolkata and Howrah.
Gujarat is an important market for broadcasters and advertisers as it contributed to more than a
5% viewership share on an all-India basis and more than 8% of the Hindi speaking market in
India in 2015. GTPLH accounted for a 14% share of the total cable carriage and placement fee
market in India in Fiscal 2016.
To part finance its pre-payment/repayment of certain borrowings and meet general corpus
fund needs, the company is coming out with a maiden IPO with a primary offer of Rs. 240 crore
(approx 14117647 shares at the upper price band) and offer for sale of 14400000 equity share
of Rs. 10 each via book building route with a price band of Rs. 167-170. Through this IPO
company hopes to mobilize Rs. 480.48-Rs. 484.80 crore (based on lower and upper price bands).
Minimum application is to be made for 88 shares and in multiples thereon, thereafter. Issue
opens for subscription on 21.06.17 and will close on 23.06.17. Post issue shares will be listed
on BSE and NSE. BRLMs to this issue are JM Financial Institutional Securities Ltd, BNP Paribas,
Motilal Oswal Investment Advisors Ltd and Yes Securities (India) Ltd. Link Intime India Pvt Ltd
is the registrar to the issue. After initial equity issue at par in 2006-2007 the company raised
further equity in a price range of Rs. 1250 to Rs. 2400 during 2009 - 2016 and then issued
bonus shares in the ratio of 40 shares for every 1 share held in March 2016. Post issue, its
current paid up equity capital of Rs. 98.35 crore will stand enhanced to Rs. 112.47 crore.
Financial Performance :- On performance front, the company has (on a consolidated basis)
posted turnover/net profits- (loss) of Rs. 528.81 cr. / (Rs. - 8.46 cr.) (FY14), Rs. 627.20 cr. / Rs.
15.49 cr. (FY15) and Rs. 746.20 cr. / Rs. 4.60 cr. (FY16). For the first nine months of the current
fiscal, it has posted net profit of Rs. 16.30 cr. on a turnover of Rs. 663.46 crore. Thus it has
inconsistency in top and bottom lines. Sudden jump in bottom line for first nine month is surpris-
ing. For last three fiscals (on consolidated basis) its average RoNW 10.37%. If we annualize the
latest earnings and attribute on fully diluted equity post issue, then asking price is at a P/E of 88
and at a P/BV of 3.29.
BRLMs Performance :- On merchant banker's front, 4 BRLMs associated with this offer
have handled 16 issues in past three years out of which 4 issues closed below the offer price on
listing date.
SMART
INVESTMENT
Other side of GTPL Hathway IPO review
The Average cost of Equity of Promoter - Selling shareholder is only 48 Paisa and offer price Rs. 170
Cable TV & Broadband business is highly competitive & launching of Jio may create - problem
In FY 14 it is reported loss of Rs. 8.5 cr; In 2016 NP was decreased
All the listed Peers have given negative return; Partner hathway is loss making company
Considering PE of 21 & P/BV of at 3.21, it's fully priced, apply for long term
" The average cost of equity to the main promoter who is also selling share-
holder is 48 Paisa only & Offer price is Rs. 170
" Company has issued bonus shares 40 for 1 in March 16
" It's in cable TV & Broadband services, where competition is very sharp &
launching of Jio services may create problems.
" IN 2014 it has reported loss of Rs. 8.20 Cr. Also in 2016 company's net
profit was down in FY 2016. Though sudden jump in bottom line for first
nine month is surprising
" Its partner Hathway is continuously loss making company.
" All the listed company of this sector has given negative return to their
shareholders.
Note : Company last 3 years bottom line appears inconsistent on consolidate
basis PE is 21.01, P/BV 3.29 & RONW is 10.32%
Recommendation : - It's only company in this sector which has given posi-
tive return. Considering important in top-bottom line, its average & fully priced
issue one can apply for long term.

SMART
INVESTMENT
Accord Synergy NSE SME IPO
Opens on June 22 & Closes on June 28, 2017
Offer price fixed at Rs. 60; Listing at NSE SME Platform
Considering PE of 7, P/BV 2.91 & RONW 43%; IPO is reasonable priced
Accord Synergy Ltd (ASL) is engaged in offering support services to the high end telecom
segments such as network planning & optimization, network rollout, managed services and man-
power solutions through sub-contracting basis.
To part finance its working capital and general corpus fund needs, the company is coming out
with a maiden IPO of 972000 equity share of Rs. 10 each at a fixed price of Rs. 60 per share to
mobilize Rs. 5.83 crore. Issue opens for subscription on 22.06.17 and will close on 28.06.17.
Minimum application is to be made for 2000 shares and in multiples thereon, thereafter. Post
allotment, shares will be listed on NSE SME Emerge platform. Issue is solely lead managed by
Hem Securities Ltd and Link Intime India Pvt Ltd is the registrar to the issue. The company has
issued initial equity at par and a bonus in the ratio of 249 shares for every 1 share held in Janu-
ary 2017. Post issue its current paid up equity capital of Rs. 2.50 crore will stand enhanced to
Rs. 3.47 crore.
Financial Performance :- On performance front, the company has posted turnover/net profits
of Rs. 8.71 cr. / Rs. 0.32 cr. (FY15), Rs. 63.04 cr. / Rs. 2.60 cr. (FY16). For first nine months
ended 31.12.16 it has earned net profit of Rs. 2.23 crore on a turnover of Rs. 49.05 crore. If we
annualize latest earnings and attribute to fully diluted equity post issue, then asking price is at a
P/E of 7 and at a P/BV of 2.91 with RoNW of 43% plus. There are no listed peers to compare
with.
BRLM's Performance :- On merchant banker's front, this is the 34th mandate from its stable
and last 10 listings has given positive returns on the day of listing.
Recommendation : Investors may consider investment in this reasonably priced issue for
medium term.
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 educa-
tional 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. As SME issues have entry barriers and low preference from broking community, any
reader taking decisions based on any information published here does so entirely at own risk. Above information is
based on information available as on date coupled with market perceptions. Author has no plans to invest in this
offer.
(SEBI registered Research Analyst-Mumbai). (Email: dilip_davda@rediffmail.com)
SMART
INVESTMENT
Smart Best Buy S. N. Zaveri
Castrol (I) to benefit from GST & Auto demand
L & T : Consolidated order book
Sun pharma rallies on new USFDA approval
PNB Housing Finance : Strong housing finance company
MOIL : Strong PSU like Iron
Castrol (Rs. 410.00) (Code : 500870) (F. V. : 5.00) :- Castrol UK (part of the BP Group) holds 51% of
the equity. The parent is the world's leading manufacturer, distributor and marketer of premium lubricating
oils and greases and provides related services to automotive, industrial, marine, aviation, oil exploration
and production customers. Castrol India makes automotive and industrial lubricants and provides techni-
cally superior synthetic, part synthetic and conventional engine oils and specialty lubricants for cars, motor-
cycles, trucks and tractors. Sales increased 3% to Rs 882.2 crore in the March 2017 quarter over a year
ago. Leading TP a 4% incline in Pat to Rs 179 crore. Net sales improved 2% at Rs 3370.4 crore and the
OPM climbed up 270 bps to 29.8%, leading to a 12% increase in OP to Rs 1004.9 crore in the calendar year
2016 (CY 2016). PBT was up 10% to Rs 1045.7 crore and Pat grew 10% to Rs 674.9 crore. With the
maritime sector getting a boost due to the Central government's thrust, demand will rise for coastal ships,
barges and passenger vessels and, therefore, for marine lubricants. Castrol to register sales of Rs 3575
crore and Pat of Rs 740 crore in CY 2017. On equity of Rs 247.3 crore and face value of Rs 5 per share,
EPS works out to 15.0. It's a value buy at current market price.
L&T (Rs. 1726.00) (Code : 500510) (F. V. : 2.00) :- Larsen & Toubro (L&T) hit 21-month high of Rs
1,834 last week, after the company beat market expectation with a 29.5% growth in consolidated net profit
for the Q4FY17, at Rs 3,025 crore compared with Rs 2,335 crore for the corresponding quarter of the
previous year. The stock hit its highest level since August 10, 2015.The companys consolidated revenue
for the quarter increased by 12% to Rs 36,828 crore over the previous year quarter. Analysts on an aver-
age had expected profit of Rs 2,763 crore on revenues of Rs 33,717 crore for the quarter. The engineering
and infrastructure giants consolidated order book stood at Rs 2.61 lakh crore as of 31 March, an increase
of 5% from a year earlier.Meanwhile, the board of L&T approved issue of bonus shares to the holders of
equity shares of the Company in the ratio of 1:2 (i.e. one bonus equity share of Rs 2 each for every two fully
paid equity shares of Rs 2 each held). The board also recommended a dividend of Rs 21 per share. The
stock is worth accumulation.
Sun Pharmaceutical (Rs. 529.00) (Code : 524715) (F.V. : 1.00) :- Sun Pharmaceutical Industries has
announced that one of its wholly-owned subsidiaries has received final approval from US Food and Drug
Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for generic version of Zetia,
(ezetimibe) tablets 10mg. These generic ezetimibe tablets are therapeutic equivalents of Merck's Zetia
tablets. As per IMS, ezetimibe tablets had annual sales of approximately $2.7 billion in the US for the 12
months ended April 2017. Zetia is used to help lower cholesterol in the blood. Sun Pharmaceutical Indus-
tries is the world's fourth largest specialty generic pharmaceutical company and India's top pharmaceutical
company.The stock had underperformed the market over the past one month till 12 June 2017, falling
18.43% compared with 3.01% rise in the Sensex. The scrip had also underperformed the market in past one
quarter, falling 24.72% as against Sensex's 5.61% rise. The scrip had also underperformed the market in
past one year, falling 28.54% as against Sensex's 17.80% rise.The large-cap company has equity capital of
Rs 239.93 crore. Face value per share is Re 1.Buy. Buy more at decline.
PNB Housing Finance (Rs. 1647.00) (Code : 540173) (F. V. : 10.00) :- PNB Housing Finance rallied
last week after the Reserve Bank of India (RBI) lowered risk weights assigned to home loans lent on or after
June 7.The central bank also lowered the standard asset provision on incremental home loans to 0.25%
from 0.4% which will benefit the entire sector. The Union Budget for 2017-18 sharpened its focus on expan-
SMART
INVESTMENT
sion of the affordable housing sector to address the supply side and affordability related issues. Also,
affordable housing has been accorded the infrastructure status, which is likely to help in participation to help
in participation of wider investor community henceforth, and will improve the access to funding avenues like
insurance funds, Employee Provident Fund Organization (EPFO) among others.The stock is trading at its
highest level since its listing on November 7, 2016. It has more than doubled against its initial public offer
(IPO) price of Rs 775 per share. Accumulate.
MOIL (Rs. 342.00) (Code : 533286) (F. V. : 10.00) :- Moil is a mini-ratna PSU which is engagged in Iron
ore production. It is the largest Iron ore manufacturing company in the country. MOIL has reported strong
performance in 4QFY17.Adjusted PAT surged by 442 per cent YoY and 14.2 per cent QoQ to Rs1.15bn
(vs. our estimate of Rs1.28bn) despite other income rising by 66 per cent QoQ and 13 per cent YoY to
Rs660mn. MOIL undertook price cuts in Jan-Feb'17, the impact of which will be felt in 1QFY18. However
the volumes are likely to be strong, while realisation is expected to remain relatively weak, going forward. Its
blended sales realisation zoomed 119 per cent YoY and 20.4 per cent QoQ to Rs11,309/tonne (vs. our
estimate Rs9,250), while sales volume fell by 43 per cent YoY and 38 per cent QoQ to 2.16 lakh tonne vs.
our estimate of 3.55 lakh tonne. Though its EBITDA declined by 7 per cent QoQ to Rs1.21bn (vs. Rs57mn
loss in 4QFY16), EBITDA margins rose by 1,134bps YoY to 48.2 per cent. As the government is expected
to divest more stake in the company, the stock is going to be in stronger hands. 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
16th June 2017 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
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
12-Jun-17 9646.7 9647.05 9598.5 9616.4 -51.85
13-Jun-17 9615.55 9654.15 9595.4 9606.9 -9.5
14-Jun-17 9621.55 9627.4 9580.45 9618.15 11.25
15-Jun-17 9617.9 9621.4 9560.8 9578.05 -40.1
16-Jun-17 9595.45 9615.85 9565.5 9588.05 10
Net Weekly Loss -80.2
BSE Sensex Open High Low Close Diff
12/06/2017 31,225.43 31,225.43 31,044.28 31,095.70 -166.36
13/06/2017 31,091.10 31,260.77 31,062.34 31,103.49 7.79
14/06/2017 31,147.69 31,190.36 31,054.94 31,155.91 52.42
15/06/2017 31,222.89 31,229.44 31,026.48 31,075.73 -80.18
16/06/2017 31,160.47 31,182.73 31,017.18 31,056.40 -19.33
Net Weekly Loss -205.66
SMART
INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Power Grid (Rs. 209.00) (Code: 532898) :- There is current in the stock due to buzz of
debt restructuring of power projects. The company has strong earnings growth.
Gitanjali Gems (Rs. 66.00) (Code: 532715) :- This gems & jewellery player's subsid-
iary Nakshatra Gems has received SEBI nod for a Rs. 600 crore IPO. The IPO listing will enable Gitanjali
Gems unlock significant value.
JSPL (Rs. 124.00) (Code: 532286) :- Navin Jindal-led Jindal Steel and Power is foraying
into ammonia and urea production as a part of its diversification plans. It will use additional gas from its coal
gasification plant in urea business.
Indi Trade Capital (Rs. 58.00) (Code: 532745) :- Top stocks player Porinju Veliyath
has acquired 1.42 lakh shares of this financial services provider at an average price of Rs. 45.74, putting
the stock on radar of small investors. Porinju Veliyath's wife Shilpa has bought 1.39 lakh shares of Ginni
Filaments at an average price of Rs. 49.2.
Network 18 (Rs. 52.00) (Code: 532798) :- There is buying in the stock in anticipation of
some major corporate announcements by this Rs. 5,500-crore company in the days to come.
TNPL (Rs. 336.00) (Code: 531426) :- The company has benefited from the rally in paper
sector shares. The company has a market cap of Rs. 2,350 crores. While its peers' shares are trading at a
PE multiple of 13, shares of TNPL are trading at just eight times the earnings, and are attractively valued.
SCI (Rs. 83.00) (Code: 523598) :- The stock has corrected after touching a high of Rs. 92
on the back of six-times rise in volumes. According to reports, the government holds 63.75% stake in the
company, which it plans to bring down to 38.75%. The stake sale could fetch the government Rs. 950
crores.
Magma Fin (Rs. 153.00) (Code: 524000) :- The board of this finance sector company will
meet on June 20 to discuss merger of subsidiary companies. The move will have a positive impact on the
stock.
Canara Bank (Rs. 352.00) (Code: 532483) :- With the government keen to merge PSU
banks with one another, there is possibility of merger of Dena Bank, Vijaya Bank and Syndicate Bank with
Canara Bank.
Allahabad Bank (Rs. 70.00) (Code: 532480) :- There is a strong buzz of merger of
Allahabad Bank and PNB.
Seamec (Rs. 135.00) (Code: 526807) :- There are reports that the government will soon
announce a shipbuilding policy, which will lead to huge benefits for the companies.
Gujarat Pipavav (Rs. 153.00) (Code: 533248) :- There have been a number of block
deals on the counter by punters in the past few days. Both volume and price are expected to go up.
Mukta Arts (Rs. 100.00) (Code: 532357) :- The government has lowered the GST rate
on movie tickets costing up to Rs. 100. The company offers tickets at the lowest prices and will benefit the
most.
Jai Corp (Rs. 81.00) (Code: 512237) :- The stock is trading below the book-value. The
stock has bounced back after correcting sharply. The company owns a huge land bank near the new
airport at New Mumbai. The stock will be in focus in the coming days.
Sanghi Industries (Rs. 91.00) (Code: 526521) : - This cement stock is in limelight after
investment of Rs. 256 crores in it by Piramal Enterprises.
SMART
INVESTMENT
High Risk High Return Shares - Dilip K. Shah
HSIL (Rs. 377.00) (Code: 500187) :- The government has levied anti-dumping duty on ceramic
products imported from China in a bid to safeguard the domestic industry. This move will benefit
HSIL and other ceramic manufacturers.
Reliance (Rs. 1,387.00) (Code: 500325) :- Reliance Industries and its partner BP Plc have
announced fresh investments of Rs. 40,000 crores for developing new gas fields in the KG D6
block. Both companies have also decided to invest for setting up fuel outlets in the country. A
leading brokerage house has given a target price of Rs. 1,710 for Reliance.
Lux Industries (Rs. 1,089.00) (Code: 539542) :- There is a lot of movement in the stock after
Reliance Mutual Fund acquired 4.44 lakh shares.
National Peroxide (Rs. 1,429.00) (Code: 500298) :- The government has levied anti-dumping
duty on chemicals and paper bleaching from Pakistan, Bangladesh and three other countries. The
company will benefit the most from the move.
Aarti Industries (Rs. 911.00) (Code: 524208) :- This company has recently signed a 10-year
agreement with a global agri firm to supply specialty chemicals. The share had surged 17% and
crossed Rs. 1,000 on the back of the news, before correcting to current levels. There is possibility
of speedy recovery in the stock.
Bank of Baroda (Rs. 168.00) (Code: 532134) :- This public sector bank is in focus. In line with
merger of associate banks with the State Bank of India, there are chances BoB and Canara Bank
could acquire smaller banks such as Vijaya Bank, United Bank, Union Bank, Dena Bank and Uco
Bank.
M&M (Rs. 1,388.00) (Code: 500520) :- The company is expected to benefit from normal mon-
soon and lower GST rate on agriculture related equipment. Moreover, M&M subsidiary Mahindra
Logistics has received nod for IPO, which will lead to significant value unlocking.
ACC (Rs. 1,635.00) (Code: 500410) :- Leading brokerage house Macquarie has given a 'Buy'
rating on the stock in expectations of strong improvement in the cement company's margins.
Escorts (Rs. 709.00) (Code: 500495) :- The company will benefit from lower GST rates on farm
equipment. The farm loan waivers in states such as UP, Maharashtra and MP, is expected to boost
demand for farm equipments going ahead.
Adani Ports (Rs. 362.00) (Code: 532921) :- S&P has upgraded the rating for this Adani Group
company from negative to stable. It is also believed that the company is the frontrunner in the
takeover of Gujarat Pipavav.
Bombay Burmah (Rs. 918.00) (Code: 501425) :- Nusli Wadia recently acquired 1.25 lakh
shares of the company. Shares of other Wadia group companies such as Bombay Dyeing, Brittania,
and National Peroxide are also outperforming.
ONGC (Rs. 166.00) (Code: 500312) :- There is movement in the stock as there is possibility of
this oil exploration company with HPCL in the future.
IGL (Rs. 1,062.00) (Code: 532514) :- Indraprastha Gas has received approval for hike in FII
holding limit. The share is likely to remain in focus.
TTK Prestige (Rs. 6,671.00) (Code: 517506) :- The company's offer to buy back shares at Rs.
7,000 opened on June 16. The offer price is at a sharp premium when compared with the current
price. Attraction can be seen in the stock going ahead.
SMART
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 19th June to 23rd June
19-06-2017 Monday :- Next Monday 26-06-2017 will be a holiday on account of

Ramzan Id. " Last Monday we had clearly written in red colour that you must remain very alert from
12-06-2017 to 23-06-2017. And, you observed that the market was going down daily. " From
11.35 to 13.27 Nifty may come down slightly. " Between 13.27 to 15.30 the overall view is positive.
20-06-2017 Tuesday :- " Hope you recollect our prediction for the next 3 days, written in
red-colour letters. " From 9.15 to 10.15 highly uneven pattern is foreseen. " Between 10.15 to 11
Nifty will go up. " From 11 to 13.3o overall, it's a timepass period. " Between 13.3? to 15.?? buying
in Nifty is indicated. " Expect selling pressure during the last 30 minutes.
21-06-2017 Wednesday :- " Actually Ganesha avoids predicting for today, and also
advises you to avoid trading today. " But, you may not agree, hence do delivery based work. " This
is a zero weightage day, and you can refer our book for predictions, this time around. " Intraday
traders should take decisions after reading our monthly and weekly file. " F&O traders should take
decisions after reading the monthly file and slots in our book. " Short term traders or investors
intending to reshuffle should proceed as per our book. " Before taking any decision, combine fun-
damental + technical + astrology, and trade after taking a 3D view. " Around 10.39 sell Nifty and
exit on earning 3 rupees. " Around 10.39 buy Nifty, and around 14.10 or 14.40 exit. " Consider this
prediction as per your capacity and don't blame Ganesha, if it does not work out.
22-06-2017 Thursday :- " We would like to remind you about 24-06-2016 Brexit Day and
the Sensex-Nifty points. " Once again read the monthly file. " Expect lots of liquid cash in the
market, as the Moon is in its exaltation sign today. " From 9.15 to 10.25 a V-shaped pattern is
foreseen, hence accordingly take your judgement. " Between 10.25 to 12.45 discuss about IPO
with brokers, but avoid trading. " From 12.45 to 14.35 Nifty will go up, step by step. " After 14.35,
slow down and spend time with your family. This slot is useless for you, as arbitrageurs will be
trading.
23-06-2017 Friday :- " There are only 3 trends for trading. " From 10.40 onwards, ifty may
go down, step by step. Hence, enter-exit accordingly, and exit with a margin of 2 rupees. " Between
12.22 to 13.38, expect some news based work, and thus Nifty will jump. " Around 14.44 hammer-
ing in Nifty is foreseen. But, it is difficult to predict the number of points, one week in advance.
SMART
INVESTMENT
News Track
AU Small Finance
Bank branch opened in Mumbai
Au Financiers which got SEBI node for IPO has already converted itself to
Small Finance Bank from a Non-Banking Finance Company (NBFC) changing
its name to AU Small Finance Bank. This has happened well before the maiden
IPO of this asset based financing NBFC who is coming out with a maiden IPO
by this month end. It has opened its first Branch at Zillion Kanakia on LBS Marg
near Kurla Bus Depo along with its Mumbai corporate office in the same pre-
mises. It has plan to open 7 branches in Mumbai. AuF has already converted
over 280 of its branches in Small Finance Bank and hopes to establish around
430 branches before festive season of 2017.
SMART
INVESTMENT
News Track
Emkay Global and DBS Vickers sign an agreement

for co-branding and distribution of Equity Research
Emkay Global Financial Services Ltd. a leading financial services company in
India today signed an exclusive agreement with DBS Vickers Securities
(Singapore) Pte Ltd, a wholly owned subsidiary of DBS Bank, the largest bank
of Southeast Asia, for sharing of knowledge, co-branding of research and its
distribution to the global clients of DBS Vickers. The agreement that was signed
today in Mumbai between DBS Vickers and Emkay would facilitate DBS Vickers
to enhance its service offering to its clients, while enabling Emkay to expand its
reach. The partnership would also involve Emkay and DBS Vickers to jointly
organize, arrange and participate in events to showcase and market India Re-
search Reports and India Equities.
Nayan Patel
DURING MARKET TIME TO GET FREE INFORMATION FOR TRADING &
INVESTMENT & GET INFORMATION REGARDING MARKET
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WHATS UP NUMBER 096383 22864 NON WHATS UP NUMBER 098795 26525
SMART
INVESTMENT
News Track
MINISTER OF STATE FOR SHIPPING

CUTS THE FIRST STEEL PLATE FOR
FOR 1200 PAX PASSENGER VESSELS IN CSL
Shri Pon Radhakrishnan, Minister of State for Shipping, Road Transport & Highways cut the
first steel plate of Ship No. 23 and Shri N K Premachandran, Honourable Member of Parliament
cut the first steel plate of Ship No. 24, the two 1200 Passenger cum 1000 Tonne Cargo Ships
contracted to be built for the Andaman & Nicobar Administration.
The Plate cutting ceremony was held on 13 June 2017 at 0900 hrs.
The plate cutting ceremony is the start of physical construction process of ships.
These vessels are designed and built as passenger vessels with electric propulsion system
suitable for carrying 1200 passengers and 1000 T cargo for all weather operation on the main land
to A&N Island route in India and to be designed for operation as Class III special trade passenger
ship engaged on international voyage. These vessels are provided with 'Safe Return to Port' -
SRtP notation, which provided redundancy for the vessel to reach the nearest designated port,
even in case of an exigency.
The basic design of these vessels are by a Kochi based ship design firm M/s SEDS who have
teamed up with reputed designers 'Knud E Hansen'of Denmark. The vessels have been model
tested in MARIN, Netherlands.
CSL is currently building two passenger cum cargo ships for the island territory, with 500 pas-
sengers and 150 Tonne cargo capacity, which are progressing satisfactorily.
SMART
INVESTMENT
REVIEW OF SMART PLUS NEWS LETTER
Amazing 23% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
12-6-17 High (%) 12-6-17 High (%)
HUL 1086 1120 3.13 Godrej Properties 519 563 8.5
Apollo Tyre 256 266 3.9 Munjal Auto 118 129 9.3
HDIL 88.5 94 6.2 Cadila HC 540 558 3.3
Suven 184 192 4.3 Aurobindo Ph. 608 662 8.9
Madhav M. 62 67 8.1 Hindalco 202.1 204 0.9
Moil 330 352 6.7 Natco Pharma 1072 1078 0.6
Kamdhenu 114 118 3.5 P & G Hyg. 8044 8133 1.1
Graphite 119 126 5.9 Tata Comm. 753 765 1.6
Redington 140 143 2.1 Sun Pharma 524 551 5.2
Akzo Nobel 1799 1958 8.8 Rel. Capital 588 608 3.4
GIC Housing 584 622 6.5 DCB Bank 205 213 3.9
Auto Axles 772 781 1.2 Gravita India 77.2 81 4.9
HSIL 354 396 11.9 Future Consumer 32 33 3.1
Steel Trips Whe. 945 956 1.2 MTNL 22 23 4.5
FIEM Ind. 866 965 11.4 JSPL 123 127 3.3
Can Fin Homes 2988 3164 5.9 Vinyl Chem. 70 79 12.9
Mahanagar Gas 975 995 2.1 Damodar Ind. 87 96 10.3
Sunteck Realty 467 479 2.6 Meghmani Org. 44.4 47 5.9
Repco Home 804 923 14.8 Kolte Patil 177 191 7.9
Mah. Holidays 545 617 13.2 Magma Fincorp. 141 155 9.9
Cholamandal Inv. 1054 1130 7.2 Kabra Extrusion 146 168 15.1
Igarshi Motors 910 1125 23.6 NRB Bearing 140 143 2.1
Titagarh Wagons 113 120 6.2 Karnataka Bank 173 178 2.9
CEAT 1907 1948 2.1 DCM Shriram 367 411 12
Polarish 225 239 6.2 Kiri Industries 271 279 3
Phoenix Mill 444 466 5 Pioneer Distri. 219 253 15.5
KNR Const. 214 219 2.3 Federal Bank 116 122 5.2
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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
actions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
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Grand Success Story of
D(en)O(f)W(ealth) : Dow Scheme
Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
3rd June-16 J M FIN 47 56-59-65 132 181% 5th Jan 17 MAGNGALORE CHEM 48.2 55-60 82 70%
9th June-16 BAJAJ ELE 232 300 387.4 67% 6th Jan 17 INDO RAMA 34.25 36-37 42.6 24%
20th June-16 GAEL 58 75-85 153 164% 11th Jan 17 TRIDENT 62.5 75-100 92 47%
24th June-16 IOL CHEM 136 175-275 156 15% 13th Jan 17 PITTI LAMINATIONS 60 63-65 69.85 16%
1st July 16 IL&FS TRANS 78.5 95-105 124.8 59% 20th Jan 17 SUPER CROP SAFE 136 225 163 20%
7th Junly 16 NETWORK18 45.5 64-71 54.8 20% 27th Jan 17 IHTL 192 202 202 5%
15th July 16 SARDA ENERGY 141 180-200 296.2 110% 2nd Feb 17 SUBEX 10.6 13-14 12.35 17%
22nd July 16 AARTI IND 553 620-625 978 77% 6th Feb 17 BGR ENERGY 138.5 175 183.4 32%
28th July 16 MAGMA FIN 106 135-140 138 30% 6th Feb 17 LAURUS LAB 538 625 611 14%
3rd Aug 16 GARWARE WALL 453 535-540 849 87% 14th Feb 17 ATLANTA 83 105 120.45 45%
5th Aug 16 ION EXCHANGE 327 445-450 473.8 45% 16th Feb 17 PITTI LAMINATIONS 62 72-75 69.85 13%
12th Aug 16 IOL CHEM 137 175-275 156 14% 16th Feb 17 EON ELECTRIC 63.5 85-90 80 26%
18th Aug 16 SAMBANDAM SPI 113 130-140 152 35% 28th Feb 17 KWALITY 157 175-185 167.95 7%
22nd Aug 16 SUBEX 12.65 16.5-18.4 13.5 7% 1st Mar. 17 SPARC 339 370-385 357.4 5%
31st Aug 16 IDFC 58.25 70 71.3 22% 2nd Mar. 17 KOPRAN 71 83-95 102.45 44%
8th Sep 16 IRB INFRA 242 270-285 272.65 13% 8th Mar. 17 AJMERA REALTY 197 250-260 252 28%
8th Sep 16 TALBROS ENG 238 255-260 399.6 68% 10th Mar.-17 CORDS CABLE 81.5 84-86 111 36%
16th Sep 16 NOCIL 68 85 111.4 64% 15th Mar. 17 ADANI ENTER 99.5 115-120 160.7 62%
21st Sep 16 CONART ENG 40 48 58 45% 17th Mar.17 GUJ THEMIS 48 53-55 55.5 16%
23rd Sep 16 KEI IND 120.5 140-170 238 98% 17th Mar.17 SHILCHAR TECHNO 380 450-525 524.9 38%
29th Sep 16 DYNAMIC IND 60 70-75 82.9 38% 20th Mar.17 ELECTROSTEEL CAST 29.5 37-40 40.65 38%
29th Sep 16 GSFC 77 101 148.5 93% 24th Mar.17 ONWARD TECH 74.5 78-80 98.8 33%
5th Oct 16 MAGMA FIN 116 140 138 19% 24th Mar.17 AVT NATURAL 37 39.5-41 49.9 35%
19th Oct 16 JINDAL POLY 429 460-490 477 11% 29th Mar.17 SANKHYA INFO 58.5 70-75 60 3%
25th Oct 16 A2Z INFRA 40.75 50 52.65 29% 31st Mar.17 MOLD-TEK 53.5 55-56 56.8 6%
30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19% 5th April-17 MTNL 25.75 31-35 27.1 5%
30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12% 6th April-17 SARDA ENERGY 258 300 277.7 8%
4th Nov 16 MAFATLAL IND 443 425-500 448 1% 13th April-17 WEIZMANN 524 560-570 648 24%
4th Nov 16 ABC BEARINGS 174 210-250 198 14% 20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 18.1 3%
2nd Dec 16 MRPL 100 119-138-149 142.8 43% 21st April-17 ALEMBIC 46.7 55-61 51.7 11%
9th Dec 16 SONATA SOFT 164 195 224 37% 28th April-17 REL INFRA 595 700 620 4%
16th Dec 16 INDIA GLYCOL 137 180-200 203.9 49% 28th April-17 DAMODAR IND 95 100 99.5 5%
30th Dec 16 MADHAV MARBLE 59 64-66 79.5 35% 2nd May-17 VIPPY SPINPRO 50 55-56 47 -6%
30th Dec 16 ORIENT BEVERAGES 160 170-172 181 13% 2nd May-17 DEEP IND 332 400 343 3%
4th Jan 17 RAIN IND 56.5 70 122.8 117% 15th May-17 TALBROS AUTO 175 210 196.1 12%

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FII Activity (Rs. Cr.)

DII Activity (Rs. Cr.)

Most Popular Webstie for the Stock Market Investors

Nifty Manages to Hold above

Buy or Sell, Confused ?

Pearl Global Ind. (Short Term Investment)

ORIENT BELL Ltd. (Multibagger)

Unlimited Trading Plan Flat Rate Trading Plan

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"Mind-blowing Past Review of DARK HORSE"

On 17thApril 2017, we had recommended WEIZMANN FOREX @ Rs.524.75 levels,

to Rs.64.8 levels & recorded almost 11.72% appreciation.

Last week, we had recommended DAMODAR INDUSTRIES @ Rs.87levels,it zoomed

to Rs.96 levels in just one week.

Prakash Industries (Rs.90) : Robust Steel !

Inox Leisure Entertainment (Rs 285)

Kabra Extrusiontechnik Ltd

MARKET GEARS UP FOR NEXT MOVE

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

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

20 DMA ACTS AS SUPPORT

This Weeks Recommendations

M&M (Rs.1396.00) (Code:500520) :- Cars and Utilities vehicle manufacturing com-

Amid poor indices, script based support

Negative week amidst consolidation

SEBI Registered Research Analyst)

ENIL (Rs.928.00) (Code:532700) :- The Times of India Group promoted company

Market taking support at lower levels

English & Gujarati Edition Gujarati Edition

PERIOD : 19-6-2017 to 23-6-2017

NIFTY FO RANGE @ 9517 TO 9633 POINT IN SHORT TERM!!!

times subscription in retail sector, out of 9 Grey Market Premium

given in separate box.

Allotment & Listing Process (Likely) Subscription Figures of

Tejas Networks IPO GTPL Hathway

Grey Market Movement...

and offer price is Rs. 600 to 603

will be Rs. 6000 to Rs. 6030

" Company has experienced negative cash flow in the past

" Do not own corporate - Registered office. It's on lease.

" Impact of DPCO is likely ion near term

& the offer price is Rs. 149

LIC is selling shareholder and offering at Rs. 149

" Offered shares will be listed on NSE Only

Note : PE on diluted & basic EPS of FY 17 P/BV is 2.84

Recommendation : - Offer price appears reasonable. Considering entire

the IPO blindly.

holder is 48 Paisa only & Offer price is Rs. 170

" Company has issued bonus shares 40 for 1 in March 16

launching of Jio services may create problems.

nine month is surprising

" Its partner Hathway is continuously loss making company.

Note : Company last 3 years bottom line appears inconsistent on consolidate