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Sensex likely to touch 35,000 by next Diwali !

Happy New Year
We convey the best wishes of the
We convey the best wishes of the
Happy New year greetings to the
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and news paper venders as well as
subscribers of the smart investment
weekly.

Now Next Issue on

22nd Nov. 2015
This week we have published combined
Issue no 38 & 39 which comprising of

Dipawali special issue

Hence our Next issue No 40
Will be published
on 22-11-2015

Every Wednesday
Gujarati Financial Weekly

DIPAWALI ISSUE DIPAWALI ISSUE

 DIPAWALI ISSUE-2015
2 INVESTMENT

Stock Market : In Views of Expert….., Analyst…., Chartist…,Astrologer.... & Stock Brokers…

Diwali 2015
Along with world markets, our markets are
A.J. Diwan (Mumbai)
HAPPY DEEPAWALI & A BEARISH NEW YEAR
For the year ahead
also has high volatility. We have a major event; E-mail :
Bihar election results' before diwali. If NDA not divanconsultancy@rediffmail.com Sensex will face Resistance at 29094-32323-34715 and Support will be at 24833-23008-22277.
getting good numbers, we may see good correction. Nifty support exit at 7990. Nifty will face Resistance at 8844-9769-10462 and Support will be at 7539-7118-6575
We are recommending following stocks which seems good in year to come.
Due to mega event buy slowly. Dow is on the top and there is every possibility
of fed increasing
Market Scan :::: YEARLY INDEX LEVELS ::::
S3 S2 S1 Close R1 R2 R3
Mr. A. J. Divan is an Jatin Sanghavi
rate in 2015.
owner of Divan consultancy and (Mumbai) NIFTY 6575 7118 7539 7954 8844 9769 10462
Tata motor
operates as a broker at Pune DVR : Accumulate (M) 098205 26455 SENSEX 22277 23008 24833 26265 29094 32323 34715
stock exchange. News papers, slowly on decline. E-mail :
magazines and business weeklies Last month sales rise from Sensex 15135 to Yearly Buy Recommendations
jatinsanghavi100@yahoo.com 30024 and Nifty 4531 to 9119.
from Mumbai, regularly publish ar- figures are just Rec. Name CMP SL TGT-1 TGT-2
best. We feel that Be Prepared for More Pain :- The relevant Correction levels
ticle written by Mr. A.J. Divan. He Buy All Cargo 329 263 451 579
in one year this After registering a gain of almost are placed at Sensex 24337-
himself is also publishing a weekly 22580-20823 and Nifty 7366- Buy TVS Motors 281 224 373 481
share may give 3000 points on the Nifty in nearly two
news letter since 1974. Address: 33, Bhuven cham- appreciation of years, it was time the market consoli- 6825-6283. Buy U-Flex 173 132 262 357
bers, Dalal street, Mumbai 400 023. dated and digest such huge gains. It Pattern Analysis :-
Rs. 50/-
Long Term Timeframe :- In
Yearly Sell Recommendations
is natural for the market to spend time
ICICI Bank :- In private bank this is good bank for investment around Rs. the long term timeframe, both Rec. Name CMP SL TGT-1 TGT-2
in correcting the previous rally and
265. The last quarter performance is excellent about 30% jump in profit. that is what the market is doing cur- Sensex and Nifty had completed Sell Eicher 16693 19080 12630 8700
Suzlon :- we feel that long term investor should keep eye on it on decline rently. Thus the fall from 9119 on Nifty a Bullish Cup and Handle forma- Sell Page Ind. 13473 15075 10680 7899
up to Rs.18 Investor with low net worth may keep s/l of rs.15.this share has is a consolidation in the long term tion last year and the target as Sell Strides A. 1241 1374 1018 803
gone as low as rs.10 earlier. timeframe. But in the short and inter- per that formation remains intact at Wishing all my readers a very
Lupin :- future of this company seems very promising. This good buy on mediate timeframe charts, the trend Sensex 34715 and Nifty 10462. Happy Deepawali and a
decline for the target price of Rs. 2000. remains bearish. The market in the Medium term Timeframe :- In the
We wish you all very profitable New Year. near term is seeking lower levels with Prosperous New Year. May you
intermediate and shorter term
targets of Sensex 24486 - 22552 and all have a super successful
Kumbhakarna Stocks Nifty 7425 - 6741; before resuming
the long term uptrend. Hence trad-
ers with a short to medium term
timeframe, both the indices have
formed two Bearish Head and Shoul- trading year ahead.
ders pattern. The targets as per short as long as Sensex remains below the
The best way to be profitable in stock Amit Baburao Ahire timeframe must use upward moves
term Head and Shoulders remains at pattern failure point of 28578 and
market is to buy quality companies at Sensex 24486 and Nifty 7425 and for Nifty below 8654. Thus pattern analy-
bargain price and sleep. This is the Investment advisor to create short positions.
higher degree Head and Shoulders sis indicates targets for the Bearish
proven mantra with so many live ex- Correction Levels :- Market is
amples available in the market. One such OSAR CAPITAL undergoing a correction in the me- the target is Sensex 22522 and Nifty patterns to be achieved first before
dium to long term timeframe of the 6741. These targets will be achieved reaching long term higher targets.
Kumbhakarna stock is "Asian Paints" which has created massive wealth for
investors in the last fifteen years. Most of the investors missed this rally by
selling in midway with little returns in hand. If you had bought this stock in 2001
and sold it in 2006, you could have made only 4x returns.

NIKHIL BHATT (+919979380808)

Nifty F&O Range WWW.INVESTMENTPOINT.IN

But if you had bought in 2001 and hold it till now you could have made
7760 to 8108 point in short term
more than 50x returns in fifteen years.In another way, 1lakh invested in Dear Friends, Leading Stock Market Analyst : NIKHIL BHATT (+919979380808)
this stock in 2001 is worth more than 50 lakhs now, this without consider- NIFTY FO CLOSED @ 7985
NIKHIL BHATT, a Professional Technical Stock Mar-
ing dividend, bonus and splits. That being said, every stock cannot be a AS ON 06.11.2015..!! NIFTY FO
ket Analyst based at Gujarat widely considered one of the
Kumbhakarna stock in long term and picking right stock at right price is has resistance at 8008 - 8018
Top 5 Stock Market Experts in India. An MBA, LL.B., M.Com.
very important. In the present market, we have identified three such Level; above which other resistance and Commerce Graduate from Saurashtra University, Rajkot
Kumbhakarna stocks which have potential to generate multifold returns levels are at 8033 - 8073 Level with Mr. Bhatt has rich experience of 15 years in the field of Stock
that you can buy and sleep. highly Volatile Trend, In Downside Exchange, Capital Markets and different other financial prod-
support levels are at 7903 - 7830 ucts. He has superb past track record of successful and
Level; below 7830 Level, other sup- accurate predictions of the Indian Stock Market. He has personally designed
port levels are at 7803 - 7760 Lev- this institute with a view to allow money to “Flow in” for their readers. Mr. Bhatt
els. I am positive for next week provides you with a correct trend of the stock market and “A” grade stocks with
above 8073 Level but be with the logical support/resistance level and well-defined stoploss to protect client’s
trend. Let the market decide further money. His product is targeted to benefit the intra-day traders, long term in-
moves. As we are saying from vestment consultants and large scale investors.
many days Buying is suggested in
848 level below Rs 793 it can show 703 levels it is very good for long
falls only...and it's still a better strat-
further downfall up to Rs 776 …!!! term position also…!!!
egy in the given Scenario...!!! Re-
3. PTC India (64) : Buy deliv- 7. AXIS BANK (466) : Trading
garding long term positions, it is
ery of this stock near @ Rs 60 with point of view BUY @ Rs 447 With
preferable to remain cautious
SL of Rs 56 for the target of Rs 73 - SL of Rs 433 for the target of Rs 484
now...!!
79 level. It is very good for medium - 490 level below Rs 433 It can show
If NIFTY crosses 8073 Level,
term position also…!!! further downfall up to Rs 416 …..!!!
again then the upper side target is
4. Power Grid (131) : This stock 8. Syndicate Bank (92) : Buy
BUY.... BUY....BUY TIPS OF THE WEEK quite high and it may touch 8108
Level in short term...!!!
is looking very good to buy @ Rs delivery of this stock near @ Rs 89
126 with SL of Rs 117 for the target with SL Rs 83 for the target of Rs
Co. Name Code Price Co. Name Code Price GOLDEN STOCKS FOR THE
of Rs 144 - 161 Levels below Rs 107 - 113 level. It's very good for
Magma Fin. 524000 89.00 Kothari Pro. 530299 284.00 PERIOD: 09.11.2015 TO
116 is stock shall witness free long term position also…!!!
Surya Roshni 500336 126.00 Coal India 533278 341.00 13.11.2015
fall…!!! 9. Adani Port (284) : For me-
SBI 500112 243.00 1. HDFC Bank (1086) : It is sug-
Marksans Ph. 524404 94.00 5. REL INFRA (389) : Buy @ dium term buying is suggested @
Gulf Oil 506480 143.00 gested to buy @ Rs 1076 with SL
KEC Inter 532714 137.00 Rs 376 levels considering minor Rs 266 with SL Rs 260 for the tar-
of Rs 1064 for the target of Rs 1103
Ashok Leyland 500477 87.00 Motherson Su. 517334 265.00 support of Rs 364 and stop loss of get of Rs 299 - 309 level. Below Rs
- 1113; below Rs 1064 it can fall up
Greaves Cott. 501455 136.00 Reliance 500325 952.00 Rs 356 for an upper target of Rs 404 260 it can show further downfall…!!!
to RS 1047 - 1033 levels. If it
Torrent Power 532779 182.00 Syngene 539268 353.00 - 414 levels. Below Rs 356 it can 10. LARSEN (1384) : It is sug-
crosses Rs 1113 level than expect
ICICI Bank 532174 267.00 slip up to RS 344 - 330 levels…!!! gested to SELL with SL Rs 1409 for
Jain Irri. 570004 41.00 nonstop rally up to Rs 1130...!!
HCL Techno 532281 885.00 6. KOTAK BANK (659) : Opera- the target of Rs 1361 - 1344 below
Power Grid 532898 131.00 2. Aurobindo Pharma (820) :
tor based buying has been there in @ Rs 1340 it can slip up to Rs 1319
Hexaware 532129 258.00 Hero Moto 500182 2632.00 Operator based Game start in this
this stock. Buy @ Rs 644 with SL of - 1303 level. Above Rs 1409 level
Arvind 500101 283.00 Nestle 500790 6171.00 stock, Buy @ Rs 808 With SL of
Rs 630 for the target of Rs 693 - will take the stock to Rs 1419 -
Dalmia Bharat 533309 712.00 Sun Pharma 532872 366.00 Rs 793 for the target of Rs 839 -
1430…!!!

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
INVESTMENT 3
Stock Market : In Views of Expert….., Analyst…., Chartist…,Astrologer.... & Stock Brokers…
Kotak MF bets on In the New Year the situation will be like Double Edge Sward
consumption, cement
Harsha Upadhyaya, CIO (equity) of Kotak It is advisable to invest in the selected scripts on downward movement
Mutual Fund, expects annual corporate earnings Happy New Year to You. May this
growth to rise to 15 per cent-plus in FY17 and new year bring peace and prosperity Ashok Trivedi
beyond. While there has been significant improve- in your life. (Columnist-Gujarat Samachar)
ment in the macro-economic factors over the last In the last year the BSE Index
went up to 30024.74 and went down Ashok Trivedi, a column writer of re-
year or so, corporate and business fundamen- nowned news paper Gujarat
tals have not improved to the same extent due to to 24833.54, while Nifty Future went
up to 9191 and down to 7558.10. The Samachar is famous for his column
Harsha Upadhyaya, a sluggish demand scenario and inventory losses ‘Chart Sanket’ (Indication from chart
Bank Nifty went up to 20934 and went
CIO (Equity) due to sharp correction in commodity prices. We
down to 15793.05. It means that the reading). He is also an investment consultant and portfolio man-
expect next year to be much better. With interest
Kotak Mutual Fund, investors could earn money. ager. He also provides in put to famous website
rates easing, we may see a gradual pickup in There is now wave like Modi Wave www.shareinfoline.com and Asian corporate service of Mr. Dilip
consumption, which could lead to better utilisation of existing capacities or Sonia Wave. It is only for political Desai. Mr. Trivedi is planning to provide guidance to the small in-
and eventually kick off capex plans. The renewed focus on building infra- funding. Start investment in good vestor on F & O Sector of investments.
structure by the government will also start yielding results in the coming scripts before six months or a year
years. We are expecting annual corporate earnings growth to move up to before the elections and whoever
15 per cent-plus in FY17 and beyond. The equity market performance is forms the government the market will
likely to be broadly in line with the expected earnings growth and could be become stable after a year or so. The 1000 to 2000. Can you imagine the gain. Those who will follow rumors and
solid improvement in the market margins on such a huge lots? Only the planted stories on news channels or
higher by about 15 per cent over the next year. Largecaps and midcaps
doubles or trebles the investment. brokers will be able to tell you that how tips from will only end up making
are expected to give similar returns. However, the largecap segment may
Don't believe, check the historical many from the fraternity have made losses. Majority of the tips are given
witness lesser volatility compared with the midcaps, as there has been when the market is open. Intraday
data. Whether 'Good Days' turns re- losses and how many of them have
significant time and value correction in this segment over the last 12-15 no work at all. The lot sizes have been charts are bogus and non-reliable. In-
ality for common people, the stock
months. Generally, gold as an asset class does well whenever there is market always witness good days. increased unnecessarily and even if it vestors using intraday charts end up
either a scare of inflation or of financial instability. Currently, there is defla- Our outspoken Prime Minister had to be increased it should have losing money.
tionary pressure across the globe. The financial markets are much calmer Modiji is interested more in loud ap- been not more than 50000. It is an BSE Index :- It may go up to
today compared with what they were a few years ago. Hence, we believe plause in the public meetings than soft open challenge for the Sebi to take 27618 and may improve significantly
returns on gold could be muted going forward. Equity returns can hand- sound of sobs of the common people. actions against the wrested interest once it crosses 28578. On downward
somely beat gold returns over next one year. Also, equities are more tax- Alas, these days will also pass. people to bring down lot size to 50000. movement, it may get important sup-
efficient. If you are build a portfolio of various asset classes, how much From November 2015, the lot size Such a step will increase demand on ports at 25287 and 24833.
weightage would you give to different asset classes -- equity, fixed income has increased a lot in F&O, thanks to the bolt, which is purely in white. Bro- Nifty Future :- On upward
asset, gold, real estate, alternative assets. SEBI and FIIs. So the grey market kers will rejoice the move and the grey movement, beyond 8350 it may go to
players are enjoying good days, while market players will be disheartened. 8667 and witness further improve-
Not a bad time to start investing; bolt brokers are witnessing bad days.
Who will be benefitted from in-
However, whom to blame when pro-
tectors turn destructors?
ment. On downward movement, it may
get important supports at 7705 and
creased lot size? Nifty Future's lot has In Samvat 2072, investors taking 7558.
we like logistics-linked plays been increased from 25 to 75. Tata wise decisions and prefer script-based
investment decisions will be able to
Bank Nifty Future :- On up-
Any country which goes through structural re- Steel's lot has been increased from ward movement, beyond 18041 it may
forms has to go through the pain; it takes a couple witness significant improvement once
of years for things to unfold, says Sanjay Guglani, -: Golden quote :- it crosses 18280. On downward move-
CEO, Silverdale Capital. Any country which goes There is only one happiness in this life, ment, it may get important supports at
through structural reforms has to go through the 16670 and 15793.Be watchful…Be
pain-whether it is in terms of the Thatcherism in
to love and be loved wise…
1970s or even as recent as the Asian crisis in 1991
with Indonesia. It takes a couple of years for things
to unfold. So, we are not surprised. Rather we are
happy in terms of the way the pace of reforms have
Gold unlikely to outperform equities in Samvat 2072
We would continue to advocate tive last month. However, with liquid- the business
been going up without causing too much of pain. Sanjay Guglani ity conditions expected to remain model, this
choosing equities over gold given
On a whole, it looks nice. So if you are talking about CEO easy in the foreseeable future, flows could be a
the fact that the yellow metal has
the green shoots, we look green shoots more in Silverdale Capital are expected to remain robust for point where
been a non-performer for most part
terms of the government-led capex which we are the rest of the year. one begins to
of this decade and there are hardly
seeing right now. It is the first time in last nine years that the government any triggers at this point for gold to The leading trigger for the crack buy quality
expenditure, the capex expenditure, is becoming higher than private sec- outperform stocks, Sahil Kapoor, in emerging market (EM) equities names. Tex-
tor. The consumption demand would come later and, in the interim, we Chief Market Strategist, Edelweiss was currency market. There has tile is one sec- Sahil Kapoor,
would see uptick in the automobile industry. We are already seeing some been a steep depreciation of EM tor that is Chief Market
Financial Services. We have seen
sort of green shoots in terms of numbers. We are seeing numbers coming currencies with Brazilian real, Rus- Strategist
market participants shun gold even emerging as a
in for passenger cars. In terms of LCVs, the most important indicator is the sian ruble and Malaysian ringgit. Edelweiss
in times of risk aversion in the last good invest-
increase in the freight volumes. In terms of playing out the market, one two years. So it has that safe haven The beginning of this new quarter ment opportu-
has to look in terms of medium to long term plays as whenever the struc- saw most of these currencies regis- nity. In textile, we specifically like the
appeal, but also remains question-
tural reforms take place, we will see the industries going through pain. ter sharp gains against the US dol- branded apparel space.
able at present. We are advising
This is because of the fact that incumbents which used to walk in a particu- lar. For instance the Asian dollar The auto component sector will
investors to have the right mix of
lar fashion cannot work anymore. So even in the certain industries includ- index appreciated nearly 3 per cent benefit from low raw material prices
stocks, bonds and only minimal ex-
ing most defensives ones such as FMCG, you would see a structural change this month, after touching its long and rollout of GST. We are advis-
posure to the yellow metal for the
happening. We look in terms of bottoms-up strategy. We would look in term support stretching from Asian ing investors to look at the following
next year.
terms of the companies which would do well in the coming months and financial crisis to 2008 crash. stocks currently: HDFC bank/ICICI
Foreign investors have removed
years. So if somebody is medium to long-term investor, I am talking some- We are positive on sectors like Bank, Strides AcroLab, Sun
sizeable amount of flows across
thing about six months, it is not a bad time to start investing into India. You private banks, NBFCs and auto. For Pharma, L&T, Bajaj Finance, Natco
emerging markets this year. The In-
could look both in terms of a macro plays, something for example linked to long-term investors who focus on Pharma and Tata Motors.
dian market has also been hit as
the logistic sector. quality businesses and strength of ***
YTD FPI flows turned briefly nega-
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Tuesday Night

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
4 INVESTMENT
Stock Market : In Views of Expert…..,
Analyst…., Chartist…, Astrologer
& Stock Brokers…
7 Best Stocks to Buy in the Vikram Samvat Year 2072
Ask these Questions by
Nestle India :- Nestle India had to face one of the worst cri-
sis in the year vikram samvat 2071. However, the end was much
better as its Maggi noodles samples sent from newly manufac-
Smart Investment tured stocks tested by three laboratories have been cleared. So,
Maggi will be back in the very beginning of the year Vikram Samvat
1. Will modi government speed up Eco- 2072. Nestle India announced that it has received results from all
nomic Reforms ? three NABL (National Accreditation Board for Testing and Cali-
bration Laboratories) accredited laboratories mandated by the
2. Fed reserve raises interest rates, will Bombay High Court to test newly manufactured Maggi noodles
FIIs continue to buy Indian Equities? samples. All the samples of the Maggi Noodles Masala have been
3. What is your opinion about the year cleared with lead much below permissible limits. Nestle India is a
Samvat - 2072 which new level Sensex subsidiary of Nestle S.A. of Switzerland. Nestle is the world's
leading nutrition, health and wellness company. Nestle S.A. held
& Nifty will touch ?
34.28% stake in Nestle India. The large-cap company has an
4. Which sector will out perform in next equity capital of Rs 96.42 crore. Face value per share is Rs 10.
one year ? Buy.
5. Please recommend five scripts for in- Infosys :- Infosys is one of the few stocks in the Indian stock
market history which has given unprecedented returns to its share-
vestors which you feel will do better.
* * * * * holders. Nobody needs introduction of this company. Infy has
been in much better place after Visha Sikka came to rescue.
Infosys will grow ahead of industry in FY17. Multiple strategic
initiatives (zero bench, zero distance) spearheaded by CEO Vishal
Sikka are at various stages of implementation and signs of early
success were reflected in first half of 2016 in strong revenue
Reforms are in right direction ! growth, deal wins, better client mining and efficiency benefits.
The stock is trading at an attractive valuation at 17 times FY17
1. Modi Govt. reforms are in right direction and will boost
economic growth rapidly provided there is cordial political earnings per share. Infosys has maintained the FY16 revenue
guidance at 10% – 12% in constant currency terms. Buy this stock
Bharat Dalal relation & law and at every decline.
order situation un- Tata Motors :- Tata Motors is a market leader in commercial
(Chartist-Columnist)
der control. vehicles in India. The company's British unit Jaguar Land Rover
Bharat Dalal is sells premium luxury cars.Tata Motors stock has seen one of the
connected with 2. They will not with- worst year as the stock corrected from Rs. 600 level to sub-300
Stock markets since draw. They will stay
invested. level. Howver, after making 52 week low of Rs.279, the stock has
1987. He is regularly seen very sharp rally in last one month. Total sales of Tata Mo-
3. Market will rally it
contribution in tors passenger and commercial vehicles rose 1% at 43,486 units
Gujarati Mid-Day & Divya Bhaskar there is harmony
in October 2015 over October 2014.Tata Motors' domestic sale
News Papers between ruling of Tata commercial and passenger vehicles remained flat at
party & Opp. Established Nifty -6920-8040-8340-8660- 38,917 units in October 2015 over October 2014. Tata Motors
passenger vehicles recorded a growth of 11% to 12,798 units in
9120, Snesex : 23745 - 24140 - 35270 - 27600
October 2015 over October 2014. In commercial vehicles, me-
4. Infra, Power, Telecom & I.T. Sector
dium and heavy commercial vehicles (M&HCV) sales rose 20%
5. BHEL, Rel. Infra, ICICI Bank, Axis Bank, Zee Enter. at 12,504 units in October 2015 over October 2014. The light &
small commercial vehicle sales, however, continued to reflect in-
Samvat-2072 year would be dustry decline and fell 19% at 13,615 units in October 2015 over
October 2014. These impacted the overall commercial vehicles
difficult for Modi Govt sales for Tata Motors in the domestic market with sales falling
4% at 26,119 units in October 2015 over October 2014. The
1. It will be difficult for Modi Govern-
company's sales from exports rose 13% at 4,569 units in Octo-
ment to speed up Economic Reforms. But ber 2015 over October 2014. Worst may be over or near the cor-
if Modi Govt. has to stay for long they must
ner. Accumulate.
speed up Economic Reforms. Asian Paints :- Asian Paints reported a consolidated net profit
2. Growth of Indian Economy and of Rs 399 crore for the second quarter ended September 30, on
growth of Indian Equity is sure and certain. account of increase in net sales. The company had posted a net
Even if Fed Reserve raises interest rate, profit of Rs 347.30 crore for the corresponding period last fiscal.
FIIs will continue to buy Indian Equity look- Total income from operations on consolidated basis was Rs
ing to good return on Indian Equity. 3,779.36 crore during the quarter under review. It was Rs 3,632.95
3. Samvat-2072 year crore for the July-September quarter last fiscal. The industrial
Atul B. Nagroi coating JV (AP-PPG) registered good growth in the industrial liq-
would be difficult for Modi
B.Com, LLB, FCA, CAIIB, DISA, uid paints and road marketing segment. In the automotive coat-
Govt. In spite of this In- Shah & Nagori
dian Economy and Indian ing business JV (PPG-AP), the auto OEM and refinish segment
Chartered Accountants registered reasonable growths.Domestic paints business, which
4. Power, Infrastruc- • Shri A.B. Nagori is experienced
contributes nearly 80 per cent to Asian Paints' topline, saw slug-
ture, Pharmaceutical, Agro banking professional & renowned gish growth impacting operational numbers. However, the up-
Based Food Processing Chartered Accountant.
coming Diwali festival and lower base effect should help volume
and IT sector will outper- • He has in depth knowledge of in- growth to accelerate.Accumulate.
form in next one year. dustry trend and capital market.
Concor :- Despite the lowered management forecast, the
5. HCC, SUZLON, • He has specialized in Mid Cap stock has not reacted much as most of the slowdown woes seem
and Small Cap field through his
DABAR, PUNJ LLOYD, to have already been built into it. The Concor scrip is down 20
research work.
CADILA HEALTH CARE.
Sensex 30000 + & Nifty 9000+ Gold Bonds scheme kicks off on 5th November 2015
1. Yes, He has to speed up Economic
Himal Shah This Dhanteras, yet another option is available for investors
reforms.
Mob. : 9375726063 to buy sovereign gold bonds. Application for the same will be
2. Yes.
accepted from November 05, 2015 till November 26, 2015. Mini-
3. Sensex 30,000 + and Nifty 9000 + mum tick size is 2 grams and the maximum is 500 grams per
4. Auto, Renewable Energy, Banking, Pharma, Sugar, Avia- application. This scheme will be issued by Reserve Bank of India
tion, I.T. (RBI) and the scheme will have tenure of 8 years and option for
5. Capital First, Sicagen India, SML Isuzu, Force Motors, early withdrawal will start from 5th year. These bonds carries
Elantas coupon rate of 2.75% and the price per bond is fixed at Rs. 2684.
These bonds are available in demat as well as in physical mode.
News Track For the benefit of investors, some basic of the said scheme
is given here below:
India's first Online Home Auctions by HDFC Realty 1) Sovereign gold bonds will be issued by the Reserve Bank of
HDFC Realty, India's leading Real Estate advisory firm in India. They will denominate in particular amount of gold and
association with www.iBidmyHome.com has launched India's first linked to the price of the yellow metal. Its price movement is
multi-property online home auctions, a pioneering concept that linked to price movement of Gold and thus will bring rewards
will empower home buyers to bid for their dream home from India's for investors when gold prices go up.
top notch developers, at below market prices. The initial launch 2) Investors can buy a minimum of 2 grams and a maximum at
of this initiative will see projects in Bangalore, Chennai & Kochi. 500 grams per fiscal year. For this initial offer RBI has fixed
Auctions across the world are considered as one of the most the public issue price at Rs 2,684 per gram for the sovereign
transparent methods for buyers and sellers to transact in Real gold bonds.
Estate and is specifically favoured by buyers, as it gives them an 3) Investors will get a fixed rate of interest of 2.75 per cent per
opportunity to buy prime, pre-screened real estate at off-market annum payable half yearly on the initial value of investment.
prices. 4) The gold bonds would also be available in physical as well
8th November to 21st November 2015
Smart Best Buy
Smita N. Zaveri
Co. Name CMP BSE F.V. 52 Wk.
6-11 Code High Low
Nestle India 6171.00 500790 10.00 7499.00 5499.00
Infosys 1138.00 500209 5.00 1219.00 932.00
Tata Motors 396.00 500570 2.00 605.32 279.15
Asian Paints 802.00 500820 1.00 924.65 637.20
Concor 1397.00 531344 10.00 1944.00 1204.00
L&T 1377.00 500510 2.00 1892.00 1364.00
Bajaj Finance 5293.00 500034 10.00 5717.00 2845.00
per cent from its mid-July highs of Rs 1,881, after touching a low
(closing basis) of Rs 1,298.25 on September 7. While the recov-
ery in near-term disruptions (JNPT, Pipavav Port) should help
improve volumes, the biggest trigger for the company is start of
the Dedicated Freight Corridor (DFC). Analysts at Nomura be-
lieve the commissioning of the corridor by 2018-19 will poten-
tially lead to a 20 per cent annual revenue growth over a 10 year-
period after operations resume. At sub-Rs.1500 level, the stock
is trading at 23-24 times its FY17 earnings estimates. Buy.
L & T :- L&T has reported overall ok results. However, the
guidance was not good. Its net profit rose 16% to Rs 996 crore
on 11% rise in gross revenue to Rs 23605 crore in Q2 Septem-
ber 2015 over Q2 September 2014. L&T's bottom line was boosted
by exceptional item. There was an exceptional gain of Rs 309.57
crore on divestment of part stake in a subsidiary company and
stake in an associate company. L&T is a major Indian multina-
tional engaged in technology, engineering, construction, manu-
facturing and financial services, with global operations. Its prod-
ucts and systems are marketed in over 30 countries worldwide.
The company has said that there will be slow economic
recovery.However, Analysts say that for the capital goods sector
as a whole, next one to two year horizen will be better than last
two years. L&T will have value unlock through its subsidiary -
L&T Infotech, possibly next month. The large-cap company has
equity capital of Rs 186.13 crore. Face value per share is Rs 2.
Such stock must be in portfolio.
Bajaj Finance : - Strong revenue growth, healthy asset qual-
ity, and higher ‘other income’ helped Bajaj Finance's net profit in
the quarter ended September. The net profit grew 41.7 per cent
year-on-year to Rs 279 crore. Consumer lending grew 42 per
cent year-on-year to Rs 15,691 crore. It was the key driver of
revenue in the quarter. This business includes consumer durables
financing, and two- and three-wheeler financing, amongst oth-
ers. The small and medium enterprises (SME) segment grew 46.9
per cent to Rs 17,820 crore. Its assets under management (AUM)
grew 36 per cent to Rs 37,964 crore. Expansion in rural areas,
commercial lending, and home loans will drive growth. The com-
pany remains confident of delivering healthy growth.The com-
pany has managed to grow its AUM at 30 per-cent-plus levels
every quarter over the past five years. The company’s gross NPA
as well as net NPA ratios remained largely stable at 1.7 per cent
and 0.5 per cent, respectively. While the company does not share
the net interest margin figure, it remains confident of maintaining
margins, despite falling interest rates. This is because half of its
loans are on a fixed-interest-rate basis. The stock has doubled in
last one year and then corrected a bit.Buy in phase.
* Disclaimer :- • Smart Investment will not be respon-
sible / 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 jurisdiction.
Dilip Davda • dilip_davda@rediffmail.com
as in demat format.
5) The bonds have a maturity period of 8 years, with exit option
from the fifth year. Holdings can be redeemed in multiples of
one gram. The redemption price will be based on prevailing
gold prices.
6) The bonds will be listed on the exchanges so investors may
get an option to exit even before five years if volumes are good.
7) Gold bonds will be sold through banks and designated post
offices. They can be used as collateral for loans from finan-
cial Institutions.
8) Gold bonds offer an exposure to gold with unique scheme
which is not available in ETFs.
9) Investors should bear in mind the volatility of Gold prices in
recent times.
10) TDS (tax deducted on source) is not applicable on the inter-
est component, but interest earned on gold bonds will be
added in taxable income. Capital gains will be taxed at tax
slab if these bonds are sold before 3 years. If sold after 3
years, capital gain tax of 20 per cent with indexation benefits
would apply. Indexation is a process by which the cost of
acquisition is adjusted against inflation in the value of asset.
 DIPAWALI ISSUE-2015
INVESTMENT 5
Invest in Equities to beat - Inflations Muhurat Trading
If You have invested Rs. 1,00,000 in 1980, It would be Rs. 2.3 Cr. today for NSE & BSE will conduct Special Session
Muhurat Trading on account of Diwali
Sensex has given unbelievable CAGR to 16% over a period of 35 Years on November 11
Trading would be conducted between
Well to answer all Year Open High Low Close Year Value of 17.45 hours and to 18.45 hours on the day
your queries we did a on Year Money
small study on historical % Invested
data of Sensex since its
start in 1980….and
1979 118.76 100,000.00 Market Tips -Dilip K. Shah
1980 148.25 24.83 124,831.59
have to say that even 1981 227.72 53.61 191,748.06 Atul Ltd. (RS. 1724.00) (Code : 500027) :- Atul is an integrated
we were pleasantly sur- 1982 235.83 3.56 198,576.96 chemical company serving about 5,700 customers belonging to 31 industries
prised what we saw - across the world. Atul established successful joint venture companies with world-
1983 252.92 7.25 212,967.33 renowned multi-national companies namely American Cyanamid Company (now
Let assume you in- 1984 271.87 7.49 228,923.88 a part of BASF AG and Pfizer Inc) in 1947, Imperial Chemical Industries plc
vested Rs100000 in the 1985 527.36 93.98 444,055.24 (now a part of Akzo Nobel and Astra Zeneca plc) in 1955 and Ciba-Geigy Ltd
sensex right the incep- (now a part of BASF AG and Huntsman Corporation) in 1960.Starting with the
1986 524.45 -0.55 441,604.92 manufacture of a few dyestuffs for Textile Industry, Atul now offers a large
tion and kept it till today portfolio of products. Atul Ltd has reported standalone net profit at Rs. 84.46
1987 442.17 -15.69 372,322.33
the value of that Rs1 crore for the quarter, registering increase of 42.98% yoy. The stock has touched
1988 666.26 50.68 561,013.81
would be Rs 2.3 a 52 week high of Rs. 1701 on 30-Oct-2015 and a 52 week low of Rs. 1034.35
1989 778.64 16.87 655,641.63 on 26-Mar-2015. The promoters holding in the company stood at 50.83 %
Cr…..yes it does sound
1990 1048.29 34.63 882,696.19 while Institutions and Non-Institutions held 20.43 % and 28.73 %
unbelievable its true respectively.The stock has jumped more than 70 per cent in last one year. Still,
see the numbers you 1991 1027.38 1955.29 1908.85 82.09 1,607,317.28
the stock is in momentum mode. Buy.
would have actually 1992 4546.58 2615.37 37.01 2,202,231.39 Maruti (Rs. 4522.00) (Code : 532500) :- Shareholders of Maruti
multiplied your money 1993 2617.78 3459.07 3346.06 27.94 2,817,497.47 Suzuki have made huge money in last one year. The stock has gallopped to
200 times!! 1994 34336.87 4643.31 3926.9 17.36 3,306,585 Rs.4500 plus level from Rs.3200 level a year ago. The country’s largest pas-
senger maker Maruti has, last week, released its much-anticipated Baleno at
There were years 1995 3910.16 3943.66 3110.49 -20.79 2,619,139.44 Rs. 4.99 lacs (ex-showroom, Delhi). This also makes the vehicle the second to
when the returns were 1996 3114.08 4131.22 2713.12 3085.2 -0.81 2,597,844.39 be sold through Nexa premium dealerships with the S-Cross having the first
negative. However, in- 1997 3096.65 4605.41 3096.65 3658.98 18.60 3,080,986.86 outing. In just a matter of few days, Maruti Baleno has garnered over 5,000 pre-
orders. Maruti Suzuki Baleno will now be competing against the likes of
vesting for long terms is 1998 30658.34 4322 2741.22 3055.41 -16.00 4,215,072.41 Volkswagen Polo, Honda Jazz and Hyundai Elite i20. Meanwhile, Maruti has
what made the reward 1999 3064.95 5150.99 3042.25 5005.82 63.83 4,215,072.41 reported a 29.1% rise in total sales in October at 1,34,209 units as against
so attractive and ben- 2000 5029.54 6150.69 3491.55 3972.12 -20.65 3,344,661.50 1,03,973 units in the same month a year ago. Domestic sales increased by
eficial. The CAGR or 24.7% during the month to 1,21,063 units. Exports during the month rose by
2001 3990.65 4462.11 2594.87 3262.33 -17.87 2,746,933.94 90.4% to 13,146 units. The stock will continue to be outperformer in the new
compounded annual 2002 3262.01 3758.27 2828.48 3377.28 3.52 2,843,785.79 Vikram Samvat year. Buy in phase.
growth comes to phe- 2003 3383.85 5920.76 2904.44 5838.96 72.89 4,916,604.92 BEL (Rs. 1239.00) (Code : 500049) :- Indian Air Force (IAF) has
nomenal 16% over a 2004 5872.48 6617.15 4227.5 6602.69 13.08 5,559,691.82 recently signed a nearly Rs 8,000-crore deal with state-run Bharat Electronics
period of 35 years 2005 6626.49 9442.98 6069.33 9397.93 42.33 7,913,379.93
Limited (BEL) for the extension of its programmes integrating all civil and de-
which remarkable by all fence radars across the country. On September 22, the Cabinet Committee on
2006 9422.49 14035.3 8799.01 13786.91 46.70 11,609,051.87 Security had cleared the proposal for the Rs 8,000-crore project, which was
means!! Any invest- sanctioned by the Defence Acquisition Council in November last. BEL will have
2007 138277.8 20498.11 12316.1 20286.99 47.15 17,082,342.54
ment is good only if it some more deals like this one. There are lot of opportunities for the company
2008 20325.27 21206.77 7697.39 9647.31 -52.45 8,123,366.45
beats inflation and in as the Defence Ministery is actively pursuing Make in India initiative. Mean-
2009 9720.55 17530.94 8047.17 17464.81 81.03 14,705,970.02 while, Citi has initiated coverage with a buy rating. It has set a target price of Rs
today's scenario equi-
2010 17473.45 21108.64 15651.99 20509.09 17.43 17,269,358.37 1491 per share.The brokerage says that defence manufacturing in India is at
ties is the only asset an inflection point with a USD 245 billion opportunity over the next decade and
class that is capable of 2011 20621.61 20664.8 15135.86 15454.92 -24.64 13,013,573.59 BEL is the market leader in defence electronics with a major competitive
delivering an inflation 2012 15534.67 19612.18 15358.02 19426.71 25.70 16,357,957.22 edge.Buy in two phase.
2013 19513.45 21483.74 17448.71 21170.68 8.98 17,826,439.88 * Disclaimer :- • Smart Investment will not be responsible / for any
beating returns, so in- loss arising out of investment based on its recommendation. • Though,
vest and remember the 2014 21222.19 28822.37 19963.12 27499.42 29.89 23,155,456.38 every care has been taken, we will not responsible for any errors / omis-
longer the better. 2015 27485.77 30024.74 26307.07 28071.93 2.08 23,637,529.47 sions o All disputes are subject to Ahmedabad jurisdiction.

Smart Super Duper

-Dilip K. Shah

LIC Housing (500253) (Rs.461) :- It is subsidiary of LIC. It provides

Diwali to Diwali ; SY 2071 marks new milestones
Samvat Year (SY) 2071 is just
loan to middle income group so the risk of default is minimum. In September
ending this Diwali amidst many Dilip Davda
quarter, the company's income increased from Rs2627 crore to Rs3065 crore,
while profit increased from Rs341.5 crore to Rs411.74 crore with EPS of Rs8.16.
hurdles on political and economic e-mail : dilip_davda@rediffmail.com
fronts. Never the less, the conclud- Dilip Davda is having stock market attachment since 1976
The company's EPS may touch Rs32 by end of the current financial year. The
company's equity stands at Rs100.93 crore in which the promoters hold 40.31%, ing samvat left many messages for and has contributed to many financial media that includes print
the investor masses on many issues. and electronics. He is contributing to Free Prress,
FIIs hold 35.01%, DIIs hold 7.58% and public hold 17.10% stake. The govern-
To start with we can have a look at Janmabhoomi, Vyapar, Corporate India etc. on stock markets
ment has set an agenda of providing a house to every family in the country by and is a visiting stock analyst for Zee Biz., DD News, TV 9 etc.
2022, so the retail loan segment is likely to grow stronger. The stock may cross the tables of dividends, rights issues,
Rs550 level in New Samvat Year. The company paid 205% dividend for FY2015, stock splits and bonus issues since
since the beginning of 2015 and now plex Trading, SVP Global, V?HCL,
which was 225% in FY2014. The stock may be best buy in the Muhurt session. last Diwali till now.
all depends on the outcome of Bihar Chanakya Investment, Visagar Poly,
Inox Wind (539083) (Rs.382) :- The Heavy Electric Equipment subsid- On indices front, the samvat did
elections followed by US Federal Vinaditya Trading and Mangal
iary of Gujarat Fluro's stock witnessed 52 week high at Rs494.7 and low at marked new intraday and closing
Bank's December 2015 policy meet Credit. Surprised bonus came from
Rs315. The diversified company is active in industrial gases, engineering, plastic, milestones for Sensex at 30024.74
and thereafter, the budgets. Till Marico, Divi's Lab, Anuh Pharma etc.
refrigerator, renewable energy and entertainment sector. Inox Wind has ob- (on 04.03.15) and 29681.77 (on
then, market may remain range The list for bonus candidate is
tained license from ANSC and Pertetual, which is a leading wind energy com- 29.01.15) and for Nifty at 9119.20
bound unless some miracle hap- on the rise and as usual, on track
pany from Australia. Currently the company's production capacity is 1100 mega (on 04.03.15) and 8996.35 (on
pens. setting of economy will bring more
watt. Under expansion plan, the company will increase rotor blade manufactur- 03.03.15). Thereafter, weak global
On rights issue front, we have bonus announcements for SY 2072.
ing from 256 to 400 and retail and towers from 150 to 300. It will set up a new cues and political backlog coupled
list of 18 companies opting for rights Let us hope that over 100 compa-
plant at Burwani with investment of Rs200 crore in March. The company has with slowdown in economic reforms
offer to generate required funds from nies announce bonus issues during
witnessed CAGR growth of 148%. Investors got robust return in IPO. The at domestic front kept market on a
stakeholders. Dividend list (with de- SY 2072 and bring more rewards for
company's market cap is Rs8500 crore at current rate. The equity stands at sliding mode. With the recent state
tails up to 05.11.15) did give some the investors. Eminent bonus can-
Rs221.92 crore in which the promoters hold 85.62% stake, FIIs hold 3.36%, of affairs, the hope for new mile-
surprises with higher dividends from didate includes some companies like
DIIs hold 4.82% and public hold 6.20% stake. The company is performing well stones around Diwali festival is ap-
many corporate. On stock split front Tube Investment, Hero Motocorp,
after listing on the bourse. In September quarter, the company's income in- pearing a remote possibility as near
too we have 99 companies opting for Maruti, MRF, Asian Paints, Wipro,
creased from Rs543.13 crore to Rs1008.22 crore, while profit increased from term movement of market will hinge
stock split during the samvat which TCS, Mahindra & Mahindra, L & T,
Rs54.52 crore to Rs89.13 crore with EPS of Rs4.03. In the first six months of on Bihar elections outcome. Poor
may find some more additions be- Godrej Properties, Alembic, Sarla
FY2016, the company's income has increased from Rs847.5 crore to Rs1644.05 monsoon, spiraling prices of pulses
fore the SY end. On bonus front, we Performs etc etc.
crore, while profit has increased from Rs77.99 crore to Rs139.63 crore with and vegetables kept the masses
have 69 companies announcing bo- Wishing all readers a wonderful
EPS of Rs6.29 which may go up to Rs18 by end of the year. The stock may grudging for investments.
nus issues during this SY that in- - joyous Diwali and prosperous -
touch new 52 week high in Samvat 2072. On primary market front, we
cluded some odd companies giving wealthy New Samvat 2072.
Zee Enter (505537) (Rs.405) :- Subhash Chandra's Essel Group pro- have yet another data in this issue
liberal bonuses. This list included (email:
moted Zee Entertainment is one of the leading television, with separate comments. But sec-
companies like Vikas Globle, Sim- dilip_davda@rediffmail.com)
(Cont. on P. No. 12) ondary market remained dormant

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
6 INVESTMENT
Nilesh S. Kotak (Members of Indian equities rule easy ahead of Diwali on multiple negatives
Ahmedabad Stocks Exchanges)
Ph. : 26584076, 26582276 Mob : 9227204076, 9898425655 Sunday's Bihar poll outcome to guide near-term future course
Email : dhanvarsha@airtelbroadband ; nileshkotak@nileshkotak.com The Indian stock markets continued
Website : www.nileshkotak.com
to drift down in second consecutive
Market tendency change and volatility increased signifi- week over concerns pertaining to issues (Columnist Janmabhoomi, vyapar & Financial Express) :-
like poor corporate earnings, possibility
cantly so importance of value stock gain acceptance in in- of a rate hike in December, by Federal
Highly experienced business journalist of Mumbai, Talaksi
vestor with holding period of 3 years and more such value Gosar is well known for his in depth analysis of stock
Reserve, and, last but not the least, the market. He writes columns for many news papers and
stocks with clear business model for investment. Bihar poll outcome. In the second week
magazines. His column Analysis of under current of stock
No. Company name Face Current 52 week of successive downtrend, the BSE
market is one of most informative and popular column
VALUE RATE HIGH LOW benchmark indice, the BSE Sensex for
30 scrips, fell 392 points to close at
amongst the investors.
1 Apollo Tyres Ltd 1 169 249 154
2 Entertainment Network India Ltd 10 670 849 455 26265, also down by about 1850 points sion over various issues and also over Ramco Cements :- Ramco
3 Ion Exchange (India) Ltd 10 271 318 192 from 28700 a year ago. Thus the Vikram Bihar, if the BJP has lost there. That
Cements was earlier known as Madras
4 Jk Agri Genetics Ltd 10 425 620 358 Samvat 2071 set to end this week, will have also a negative impact on the
Cements. In the time of Harshad Mehta-
5 Mahindra Lifespace Developers Ltd 10 500 580 401 trurned out to be a bearish year for the markets. Therefore, even if the BJP
led stock market in 1991-94 boom its Rs
6 Nelcast Ltd 2 62 69 29 stock markets. wins in Bihar, the the stock markets
100 paid up share had reached a level
7 Skm Egg Products Export (India) Ltd 10 168 225 71 When Vikram Samvat commenced woes are not going to end so soon. It
of Rs 40,000 a peace. The share has
8 Tasty Bite Eatables Ltd 10 1199 1566 505 a year ago, the ebulient mood of the would be only after December, when
been split thereafter. Last week, the com-
9 Torrent Pharmaceuticals Ltd 5 1537 1720 867 market based on major political change the Federal Reserve will have come out
pany came out with excellent numbers
10 Wockhardt Ltd 5 1548 2000 736 was still in place and therefore the with a rate hike and the markets bot-
for the quarter ended September. It
uptrend that had been prevailing at the tomed out, that a bullish phase can be
Companies which have shown positive increase in price end of the preceding year continued to expected to emerge, and that too, on
posted a 52 per rise in net profit this quar-
above 175% despite negative return given by sensex & nifty ter when most of the other cement manu-
lift prices of equities up till about mid- Budget hopes.
facturing companies either posted lower
during samvat 2071 Samvat. The BSE Sensex, therefore, The on-going fall season in the
net profits or incurredd losses for the pe-
scaled to an unprecedented new high stock markets is thus expected to ex-
No. Co. Name F.V. 52 Week Close as on riod. The share of Ramco Cements had
of 30025. But from middle of the year, tend until interest rate is hiked in the US.
VALE HIGH LOW 30-10- 30-10- Change bottomed out at Rs 270 on March 27 this
the markets turned bearish for multiple But a likley fall on interest rate hike would
2014 2015 (%) year. The share then rose to a high of Rs
negative factors including the failure of prove a golden opportunity for buying
1 Uniply Industries 10 179 6 7 177 2393 380 in August, but the general downtrend
the Government in getting many cru- of Indian equities for both the Indian
2 Intrasoft Technologies 10 600 42 53 533 900 in the markets pushed it back, though
cial reforms bills cleared in the Parlia- stock market investors as well as the
3 Mangalam Drugs 10 186 17 19 168 770 only briefly, as it did not remain depressed
ment, due to lack of sufficient numbers. FIIs. A rate-hike in the US is nearly al-
4 Gm Breweries 10 653 78 96 655 582 for long. When the company came out
This, coupled with sustained selling ready factored in prices as the FIIs have
5 Rushil Decor 10 301 43 46 292 537 with excellent wortking results on Friday,
pressure from the foreign institutional been consistently selling for the last
6 Dynacons Technologies 1 23 2 3.5 21.5 512 the share responded quite positively and
investors (FIIs), pushed the Sensex three months solely on fears of a rate
7 Shreyas Shipping 10 840 83 87 487 460 scaled up to close at Rs 373.75, indicat-
down to a low of 24834 in the second hike and when actual rate hike happens,
8 Mic Electronics 2 29 3 3.5 20 450 ing a possibility of further rise in a normal
half of the year. A poor monsoon, un- they might start re-buying because
9 Lyka Labs 10 123 23 23 112 386 market conditions. The share is recom-
checked inflation and consequent de- prices of stocks would have gone fur-
10 Gayatri Projects 10 689 133 141 680 380 mended for buiying for medium to long-
nial of a rate cut by the Reserve Bank ther down by that time, and therefore,
11 Rajesh Exports 1 670 134 137 645 370 term investing.
of India in early part of the se3cond half unaffordable for selling. For long-term
12
13
Take Solutions
Ncl Industries
1
10
197 38
135 34
41
35
176
124
331
253
of the year, a crash in Chinese stocks investors, a golden pportunity for buy- Motherson Sumi :-
followed by multiple devaluation of Chi- ing shares is thus awaiting. Motherson Sumi is one of the leading
14 Pioneer Embroideries 10 48 10 11 38 245
15 Nrb Industrial Bearings 2 81 20 21 72 242 nese currency, a weakened Indian cur- State Bank of India :- auto ancillary companies in India. The
rency, poor working results as being company has rewarded its long-term
16 Pioneer Distilleries 10 155 21 34 114 233 State Bank of India, the largest lender
churned out by many Indian investors well with frequent bonus
17 Kei Industries 2 121 32 33 103 213 in India, churned out highly positive
corporates, firming up possibility of the share issues and regular dividend pay-
18 Caplin Point Lab. 10 1639 380 410 1276 211 working results for the quarter ended
19 Nandan Denim 10 174 42 42 132 209 Federal Reserve hiking interest rate ments. The company came out with
September, 2015. The bank came out
20 Sangam (India) 10 290 68 82 250 204 before December-end and last but not excellent working results for the sec-
with a 25 per cent higher net profit for
21 Allsec Technologies 10 78 20 24 73 204 the least, Bihar assembly polls, were ond quarter ended September, 2015.
the quarter. It reported a rise of over
22 Dalmia Bharat Sugar 2 64 16 21 64 202 the other factors that continued to haunt The company posted a whopping 176
10 per cent each in deposit collections
23 Tata Elxsi 10 2317 551 620 1826 194 the markets till the week ended on last per cent rise in its net profit on a mere
and loan disbursements. It also re-
24 Mirza International 2 144 39 43 126 194 Friday. The final phase of voting for 14 per cent increase in sales for the
vealed that the asset quality has im-
25 Onmobile Global 10 116 32 32 94 189 Bihar Assembly election was over on period. This means that whatever ad-
proved, meaning lower NPAs. Its
26 Vadilal Industries 10 883 186 209 603 189 Thursday the results of which will have ditional sales that the company
share had scaled to a high of Rs
27 Nilkamal Ltd 10 1179 315 353 958 182 already been out by the time this ar- achieved got converted into net profit.
335.90 recently on January 15. A tech-
28 Deep Industries 10 213 45 72 203 182 ticle goes into printing. If the BJP fails The share had recently scaled to a high
nical correction then sent it back to a
29 Jubilant Life Sciences 1 430 126 146 404 179 to caputre power in Bihar, then the mar- of Rs 395.85 in August, 2015 but was
low of Rs 221.60 on September 8.
30 Aegis Logistics 1 106 34 36 100 175 kets could go further down in this week forced to fall upto Rs 217.30 on Octo-
However, after bottoming out at Rs
representing Mahurat trading. How- ber 5, as the markets turned bearish.
221.60, the share is gradually picking
Companies which have seen downside from 50% to 100% ever, a likely fall or crash in markets
up. On Friday of the last week it closed
However, after having bottomed out at
in previous year. These companies analysis reveals that ei- would only be a brief and forgettable Rs 217.30, it was gradually rising until
at Rs 243.25 and with a remarkable
event because the markets have seem- announcement of excellent working
ther company have no clarity about business model or com- ingly already factored in this possibility
gain, especially based on highly en-
rtesults. It jumped significantly up on
pany have huge debt. Stay away from such companies couraging working results. The
in prices. But a likely win of the BJP is Friday following the disclosure of the
uptrend as triggered on better work-
most likely to prompt a smart rally in numbers and closed at Rs 265.75.
No. Co. Name F.V. 52 Week Close as on ing results, is expected to remain for
prices. However, any such rally, would Thus the share has responded quite
VALE HIGH LOW 30-10- 30-10- Change some time and makes this a good bet
ultimately fizzeled out as the macro positively to better working results and
2014 2015 (%) for short-term trading or long-term in-
economic and corporate numbers are therefore recommended for buying for
1 Amtek Auto 2 231 25 165 40 75 vesting.
still far from justifying a long-lasting bull medium to long-term investing.
2 Diamond Power Infra 10 143 33 125 38 70 run in near future.
3
4
Sharon Bio Medicine
Jyoti Structures
2
2
72 12
49 10
61
44
22
16
64
63
Although a likely defeat of the BJP
in Bihar is not expected to affect the
News Track
5
6
7
Gammon India
Tara Jewels
Unitech
2
10
2
37 11
106 31
24 5
34
94
19
12
36
7
62
61
61
stability of the Narendra Modi-led NDA
government at centre, it is considered
to be of utmost important from the view
MRSS India outperforms
Majestic Research Services and Solutions Ltd. (MRSS I NDIA), a leading
8 RS Software (India) 5 339 122 315 128 59 point of Modi's popularity and also his digital Market Research Agency, the SME listed company that created history
9 Uttam Galva Steel 10 77 28 72 29 58 ability to get economic reforms and de- with mega gains in just few week's post listing has posted net profit of Rs.
10 Bhushan Steel 2 121 42 105 44 58 velopment agenda to get okayed or be 0.77 crore on a turnover of Rs. 5.39 crore for first half of the current fiscal
11 Monnet Ispat 10 88 26 83 36 56 implented. However, with the schemes against net profit of Rs. 0.53 crore on a turnover of Rs. 5.51 crore for the
12 Jaiprakash Associates 2 35 8 30 13 55
that his government has already in entire fical 2014-15. Thus the company has crossed the bottom line in first
13 Pochiraju Industries 10 88 13 35 15 55
place, the economy is progressing well half of current year itself with top line reaching last full year's level in the said
14 Bank Of India 10 311 126 274 131 52
and in desired direction but it may take period. In accordance to SEBI guidelines, the exchange has reviewed the lot
15 Ramky Infrastructure 10 67 24 61 30 51
some time before the positive impact size of Majestic Research Services and Solutions Ltd. (Scrip Name - MRSS,
16 Mangalore Chemicals 10 98 40 88 42 51
of the same is reflected in stock prices. Scrip Code - 539229) from 10,000 shares to 5,000 shares. The effective date
17 GMDC 2 159 61 151 73 51
A litmus test for BJP is also awaiting in of the share lot revision will be from Thursday, November 5th 2015.
18 Autoline Industries 10 102 43 90 44 51
Gujarat, the so-called home state for
19 Maharashtra Seamless 5 342 138 313 152 51
the party and also for the Prime Minis-
Anchor Electricals plans investment of 150 crores
20 Godawari Power & Ispat 10 165 62 150 74 51 Anchor Electricals, a wholly owned subsidiary of Panasonic Corporation,
ter, and where voters are highly in-
21 Jindal Steel & Power 1 208 56 160 80 50 today commenced with the ground breaking ceremony at its new manufactur-
fected against the party by Patidar agi-
22 Oriental Bank 10 344 121 271 134 50 ing facility at Haridwar, India. This new manufacturing unit is set up with an
23 HOV Services 10 191 58 164 82 50 tation. The local body polls in Gujarat
are scheduled for December. initial investment of about INR150 crores, will produce a complete range of
24 Venus Remedies 10 283 96 260 120 50 wiring devices, aligned with the aggressive growth plans of the company. The
25 GOL Offshore 10 102 41 98 50 50 The winter session of the parlia-
ment is scheduled to commence from ceremony was conducted by the top company officials of Panasonic Corpora-
26 ILandFS Transportation 10 229 86 183 91 50 tion Eco Solutions Company including Vice President Shuuji Okayama, Man-
27 Sarda Energy 10 246 90 216 108 50 third week of November. The united
and adamant opposition is most likely aging Director Mr. Kazuhiko Ito, and the top Management of Anchor including
28 Elder Pharmaceuticals 10 187 66 176 88 50 Managing Director Mr. Takaki Oguri for a new greenfield building to be com-
29 Hindalco Industries 1 176 68 160 80 50 to stall proceedings of the same the
way they did during the previous ses- missioned on the said premises, by end of 2016.
30 IVRCL Infra 2 21 7 18 9 50

8th November to 21st November 2015


INVESTMENT
The Indian National Rupee : FY 2016-2017
The value of the Indian National
Rupee as compared to the US Dol-
lar has depreciated during the last
financial year. On 01 Apr 2015, one
USD was equivalent to INR 62.31,
but INR went on a downward spiral
and on 22 Apr 2015 INR was at
62.94. The INR further fell to another
low on 05 May 2015, at 63.31 and
for the first time in FY 2015-2016, it
touched the 64 mark, when on 12
May 2015, INR read 64.12. But, the
first week of June proved to be a bit
positive with the INR gaining some
strength and reached a high of 63.65
on 01 Jun 2015. Again, INR fell to a
low of 64.02 on 08 Jun 2015 after
sailing smooth for almost a month.
The value of the INR vis-a-vis the
USD got severely weakened in the
month of August, with the the ex-
change rate reaching an all-time low
of 66.15 on 30 Aug 2015. The cur-
rency has witnessed huge volatility
in the past two years. This volatility
became severe in the past three
months affecting major macro-eco-
nomic data, including growth, infla-
tion, trade and investment. Manag-
Rupees Launch - Solar Kundali
ing volatility in the currency markets
has become a big challenge for
policy-makers. There have been
high expectations from the NDA gov-
ernment even as it has completed
its first year at the office. Finance
Minister Arun Jaitley in tandem with
the RBI Governor Raghuram Rajan
have been trying out various strate-
gies and policies to embolden the
value of INR, but for the best results
to be achieved, it seems that things
will take some more time.
Is the situation bound to improve
and is the financial picture set to get
brighter in the FY 2016-2017? If you
are a currency trader, you would be
worried to know about this as much
as an economy enthusiast or a stock
market trader. Well, Ganesha
checks out the planetary picture and
the cosmic plot in store for the In-
dian National Rupee, by analysing
the Independent India's Chart as well
as at the Foundation Chart created
as per the date of inception of the
current symbol of the INR. Read on.
Planetary Picture :-
As per Ganesha's view, the plan-
etary configurations on the day of the
launch of the rupee symbol were not
highly favourable. The analysis of the
Rupee's falling value has been done
using the Solar Chart (Surya Kundali)
created for 15th July, 2010, the date
on which the current symbol of the
India - Kundali
DIPAWALI ISSUE-2015
Dharmesh
Joshi
(M) 09909941816, E-mail : stockmarket@ganeshaspeaks.com
Academic Background = With a graduation in Chemistry from Gujarat Uni-
versity, he is a government approved Chemist. However, along with his interest
in Chemistry, he has been interested in the mysteries of Nature, right from his
childhood. Shri Dharmesh joshi is protege of Bejan Daruwalla and belongs to
the team of astrologers declared as official successors to his astrological legacy,
by none other than Bejan Daruwalla himself, in an event in Mumbai on the 23rd
Nov, 2009. Dharmesh Joshi believes that every problem is born with a solution.
He possesses an excellent understanding of real life issues and its dynamics
which he successfully addresses in the solutions he provides. His knowledge
of Indian scriptures enables him to provide precise astrological remedies. For-
tune Mantra has been developed by one of Mr. Bejan Daruwalla’s most illustri-
ous disciples Dharmesh Joshi . It required redefining the fundamental laws of
astrology to be applied to the stock market which is in itself a groundbreaking
effort on his part. Regular Media Presence :- · moneycontrol.com · rediff.com ·
dalalstreet.com · myiris.com · investmentguruindia.com · daytradingshares.com
· Outlook Profit (Magazine) · Beyond Market Nirmalbung (Magazine) ·
Moneymantra (Magazine) · Smart Investment (Magazine) · The Economics
Times · Sandesh Newspaper · DNA Money · Feellings Magazine · Phoolchhapb
· Akila News Papper · Ahmedabad Times · Divya Bhaskar News Papper ·
Rakheval News Papper · Movie Magazine (USA Edition) · Zee TV Gujarati · E
TV Guajarati · Siti News Chanel · CNBC Awaz · Sadhana Tv
Indian Rupee - This phase indicates that there will
(INR) was be some involvement of the Govern-
launched. ment in the financial domain and it
In the afore-
will take strong measures to
mentioned Solar
strengthen the value of the Rupee.
Chart, the Ascen-
The chances of Government suc-
dant Sign is
ceeding in this endeavour are high.
Gemini with the
" 27-11-2016 to 21-12-2016- Ve-
ruler being Mer-
nus-Marsh -Mars - In this phase
cury and by the
there will be a great influence of
natal placement Mars, and in the Solar Chart of the
itself Sun and Rupee, Mars happens to be the Lord
Ketu are in con- of the house of gains and income.
junction in the You have to be extremely alert and
First House (As- focused as the markets will tend to
cendant). As per this chart, the Lord be volatile. Whatever you may trend,
of the House of Finance and they may be aggressive, thus you
Economy is the Moon, and the Moon need to go about your financial ac-
is posited in the 3rd House in Magha tivities with patience.
Constellation, which is ruled by Ketu. What's next ? :- From 9th Janu-
Hence, it may be noted that both the ary, 2016, Jupiter and Rahu will be
luminaries, Sun and Moon are un- transiting over the sign of Leo - the
der a significant influence of Ketu (a 3rd House of the Solar Chart of the
negative feature). Rupee, wherein Venus-Moon-Mars
In the course of the next Year, are placed, resulting into the union
following shall be the Dasha periods, of 5 planets. This planetary configu-
effects of which have been enumer- ration is indicative of tremendous
ated by Ganesha. Take your strate-
gic decisions accordingly.
" 13-12-2015 to 17-03-2016 -
Venus-Moon-Saturn - This period
Diwali 2015 may bring fortune for CrudeOil Traders
As per Col Ajay CEO
can be termed as average. You may www.astrmoneyguru.com Happy
experience stability, along with mo- Diwali 2015.Diwali in 2015 is on No-
notony, and may trade accordingly, vember 11. On Deepawali in 2015,
during this time frame. let the lights pierce into the darkness
" 18-03-2016 to 12-06-2016- Ve- of the world. Even if you are not in
nus-Moon-Mercury - In this period, RBI India, you can notice the dark skies
may take such steps which will directly penetrated by lights on the night of
have a positive effect on banks. This, Diwali. Read below to know more
in turn, will most likely have a favourable about Deepawali...
impact on the Rupee. Diwali 2015 or Deepavali vener-
" 13-06-2016 to 17-07-2016- ates Goddess Kali and Lakshmi. In-
Venus-Moon-Ketu - During this pe- dian soil has seen many cultures and
riod, Ketu may cause some stress civilizations. This country has turned
and fluctuation financially, as it hap- into a base of numerous languages
pens to be an unpredictable planet. and religions. Instead, it should bet-
Thus, it would be advised that you ter be called as a land of festivals.
do jobbing in multiple areas. Specu- The festivals in India are an inte-
lation should be strictly avoided. gral part of the nation. Two of the big-
" 18-07-2016 to 27-10-2016- gest Hindu festivals that have great
Venus-Moon-Venus - The foreign importance are Holi and Diwali. On
currencies and these festivals, people gather and
even the share worship their deities, offer prayers.
markets will have Along with this, they enjoy on dance
a significant im- and music.
pact on the Rupee In India, all the festivals are im-
and may pull it to- portant a are also prominent on reli-
wards them, but gious grounds, as we have Diwali or
Ganesha feels Deepawali. Let's throw some more
that the weightage light on this 'Festival of Lights'.
in the share mar- During Diwali Sun, Moon and
kets will be high. Mercury are close conjunctions while
" 28-10-2016 Rahu, Mars and Venus are in Virgo
to 26-11-2016- these six planets are very important
Venus-Moon-Sun
8th November to 21st November 2015
7
Outlook on Rupee
Coming 12 months are likely to be quite
tumultuous for the global markets, FX markets
in particular. The Indian Rupee and capital
markets have outperformed most of its Asian
and emerging market peers by quite some dis- Knowledge Partner
tance in the current year. Here we discuss the You Can Trust
factors that are most likely to shape up the eco- Research Team
nomic sentiment and investment climate in the year ahead. The most important
driving factor for the emerging market economies would be the Fed policy.
Going by the October FOMC policy statement, a December rate hike seems
quite possible. If the rate hike were to happen it would be the first hike in 10
years and would be the beginning of monetary policy tightening. What is going
to be even more important will be the pace of rate hikes after the first one and
how long the Fed waits before it eventually starts trimming its balance sheet
size. The US elections next year would also be a key trigger for the markets. A
gradual pace of policy normalization would foster a risk on sentiment which
would be positive for emerging market stocks, bonds and currencies. On the
other hand a steeper curve would trigger risk aversion and flight to safe haven
asset classes. The second most important factor would be how China recovers
from the current downturn. The People's Bank of China (PBoC) has left no
stone unturned in trying to stimulate the economy. It has acted on the interest
rate front, reserve requirement ratio front and currency front to revive the
economy. How PBoC manages the Yuan would have a major impact on the
Asian currency basket in particular. We already got a sense of that when it
devalued its currency by around 4% in August this year. The third biggest fac-
tor for the Indian economy would be the price of crude oil. RBI's monetary
policy easing and government's relative comfort on the fiscal front can be at-
tributed to a large extent to the crude staying below the $55 per barrel mark.
With crude supply now beginning to adjust to the demand, it will be interesting
to see how long India continues to benefit from subdued crude prices. On the
domestic front, the RBI surprised the markets with a 50bps rate cut in Septem-
ber. With real interest rates around 1.75%, there is little room for further mon-
etary policy easing. The effect of the 50bps rate cut will manifest itself in the IIP
data going forward. The increase in debt limits for FPIs and opening up of
avenues for Indian companies to raise Rupee funds overseas is also a positive
development. All eyes would be on whether the government is able to push
through with reforms such as GST, its ability to attract investments through its
ease of doing business initiatives and its ability to chalk out incentives to boost
exports. To sum up, if there is a risk on sentiment globally, India is well posi-
tioned to be the biggest beneficiary among emerging market economies in terms
of inflows.
volatility in the share markets. You 2016. Mars, who usually stays in a
will not get a clear idea as to which sign for approximately 45 days will
direction to choose and thus confu-
remain in Scorpio for 7 Months. In
sion may ensue. Whatever you do,
the Solar Chart of Rupee, Mars will
ensure that it is delivery based and
be travelling between the houses
it would be advised that you stay
representing stock markets and
away from speculation.
PSUs. Thus, the government and
Mars will be entering its own sign
the private sectors will both try to pull
Scorpio on 21st February, 2016 and
the money and financial resources
turning retrograde, he will be enter-
towards themselves. Aggression
ing Libra and turning direct, will again
and volatility will be the key features
come back to Scorpio and in this way
and you will be required to be smart,
Mars will be staying in Scorpio-Li-
quick and alert.
bra-Scorpio till 18th September,
Lt Col Ajay
Rajasthan (India)
Professional Profile :- · CEO of Arihant India · Part-
ner of M/s Banarasi dass departmental stores Jaipur
( Oldest and leading carpet & furnishing house of
Rajasthan · CEO of www.astromoneyguru.com and
www.futurebazaronline.com. · Ranked by Goggle as
“Second most popular website in the world” and “First most popular website
in Asia” in Astro-finance category. · 5 lacks hits at international level. · Rec-
ommend as “Must see websites for Investors” by a. CNBC TV b. NDTV
PROFIT c. BLOOMBERGUTV
for global economy
levels in International commodity
As per Financial astrology Diwali
market
2015 to Diwali 2016 following
Copper :- Copper may cross Rs
changes are expected in Indian stock
390 to 410 levels in MCX
and commodity market
Crude oil :- Expected to cross
Stock market- 15% and more USD 55 to 72 per barrel in Interna-
Gain expected from Diwali 2015 to tional commodity market
2016. Positive for Infrastructure, Oil Soybean :- 15% gain expected
& Gas, Metals, Banking, Media, during this period
Pharma, Hotels, Cement, paints Chana :- 20% gain is expected
stocksare recommended. Asian during this period
paints, India cement , Archies, Tata Indian Rupee (INR) V/s USD -
steel, SAIL, Vedanta, Cairn India, Expected between 58 to 62 levels
RIL, Lic housing Finance , Yes bank against one US dollar
, Icici bank , India Hotels are stocks The above predictions arebased
may gain 20% to 40% during this on financialastrology
period . andNumerology. Risk management
Commodity market :- Gold - ex- is mandatory in trading and invest-
pected to cross USD 1200 to 1225 ment in stock and commodity market
8 DIPAWALI ISSUE
Diwali to Diwali In terms of subscription and fund raised 2071 became the best in last five years
Vikram Samvat Out of total 66 issues 20 were mainline issues and 46 were SME issues
2071 bids aidue BSE-SME is on top in terms of giving return to investors, while NSE-SME is at bottom
with mixed response It was 50:50 for mainline issues in terms of return
In Vikram
Samvat 2071 wit-
ation, the total SME issue number
would be 100 during one year.
TOP Gainers IPOs
Balance Sheet of Samvat Year 2071 IPOs nessed bullish trend In the last year, 41 SME issues
in terms of number of got listed on BSE-SME platform, of Co. Name Change (%)
Main Line IPOs mainline IPOs and
fund raised. More-
which 23 got listed at premium, while VRL Logistics 85.9 %
Co. Name NSE Listing Date Offer Listing CMP Change 10 got listed at discount and 7 re- Syngene Internationl 42.0 %
Price Price 5-11 over, the fund raised mained flat. Franklin Leasing's issue
during the year was PNC Infra 39.4 %
S H Kelkar & Company 173 to 180 was withdrawn. 58% SME issues
the highest in last have given positive return. Top Manpasand Bev. 32.2 %
InterGlobe Aviation 700 to 765 INOX Wind 29.0 %
five years. Total 20 gainer is Majestic Research's issue
Coffee Day Enterprise 539436 02/11/2015 328 313 280 -14.6
companies raised which has given 402%, while
Sadbhav Infra Projects 539346 16/09/2015 103 110.75 100 -2.9
Rs11100 crore. Raghuvansh Agrofarms has given
TOP Losers IPOs
Prabhat Dairy * 539351 21/09/2015 115 115 140 -- In Samvat 2071 272%, Athena Construction has
Pennar Enginnered 539333 10/09/2015 178 150 167 -6.2 total 66 issues en- Co. Name Change (%)
given 180%, A.G.Infra has given
Shree Pushkar Chemicals 539334 10/09/2015 65 60 79 21.5 tered into the market 137% and M.D. Inducto has given Monte Carlo -30.4 %
Navkar Corporation 539332 09/09/2015 155 152 174 12.3 of which 20 were 125% return. UFO Moviez -14.9 %
Power Mech Projects Ltd. 539302 26/08/2015 640 600 608 -5.0 mainline IPOs, while On the other hand, Anchal Ispat Coffee Day Enterprise -14.6 %
Syngene International 539268 11/08/2015 250 295 355 42.0 41 were BSE-SME has given 65% negative return, MEP Infra -14.3 %
Manpasand Beverages 539207 09/07/2015 320 291 423 32.2 issue and 5 were SSPN Finance has given 30, Funny Pennar Engineered -6.2 %
PNC Infra 539150 26/05/2015 378 381 527 39.4 NSe-SME issue. Software has given 30%, Anubhav
UFO Moviez India Ltd. 539141 14/05/2015 625 600 532 -14.9 Mainline IPO :- Infra has given 27% and PB Films
MEP Infra 539126 06/05/2015 63 63 54 -14.3 In Vikram Samvat has given 20% negative return. 2015 : Lucky Year
VRL Logistics 539118 30/04/2015 205 288 381 85.9 2071, 20 mainline NSE-SME IPOs :- During the
INOX Wind** 539083 09/04/2015 325 400 388 29 IPOs entered into year five SME issues entered the for IPO Market
Adlabs Entertainment*** 539056 06/04/2015 180 167.95 106 -41 the market of which market using NSE-SME platform, of Year Total Fund Rising Worst
Ortel Communications 539015 19/03/2015 181 181 189 4.4 IndiGo and SH which Perfect Engg is yet to get IPO (Rs. Cr.) IPO
NCML Ind. Withdraw 80 to 90 Kelkar will get listed listed. Two IPOs are quoted at flat 2007 108 33946.22 4
Monte Carlo Fashions Ltd. 538836 19/12/2014 645 585 449 -30.4 in Samvat 2072. In rate. Thus, emerging market's per- 2008 39 18339.92 3
this situation, out of formance is poor.
NSE-SME IPOs total 18 IPOs NCML PSU Disinvestment :- The gov-
2009 22 19306.58 1
Co. Name NSE Listing Date Offer Listing CMP Change Ind's issue with offer ernment has raied Rs17,000 crore 2010 66 36362.18 2
Price Price 5-11 price of Rs80-90 got in the first six months through disin- 2011 40 6043.57 3
Perfect Infraengineers Ltd. NSE Not Listed 23 withdrawn so total 17 vestment process of which 71% are 2012 27 6865.94 2
Ahimsa Industries NSE 15/10/2015 25 26 26 0.0 issues remained in through equity which is Rs12800 2013 39 1645.87 2
Shaival Realty Ltd. NSE 01/10/2015 100 100.5 100 0.0 the market. Of these crore. The government had
17 IPOs nine IPOs
2014 47 1479.68 2
Emkay Taps & Cutting Tools NSE 13/08/2015 330 334 325 -1.5 achieved more success last year
Supreme (I) Impex Ltd. NSE 31/03/2015 60 62 70 16.7 are being quoted at and more money was raised. The 2015* 37 4535.94 0
premium rates, while money raised in the first quarter of * 2015 : Figures of First half year
BSE-SME IPOs eight are being the year was the highest
Co. Name BSE Code Listing Date Offer Listing CMP Change
quoted at discounted in the corresponding pe- IPO size more than Rs. 3000 Cr.
rates. Thus, mainline riod of last seven years. Co. Opening Issue Time
Price Price 5-11
IPO's performance in It should be noted
Tejnaksh Healthcare 539428 27/10/2015 80 80 73 -8.8 Date Amount Sub-
terms of return re- that the government had
Franklin Leasing Withdraw 15 -- mained 50:50. Cur- (Rs. Cr.) scribed
Patdiam Jewellery 539401 16/10/2015 38 43 65 71.1 not sold any stake in any
rently, VRL Logistics' Coal India 18-10-2010 15199.44 15.14
Cawasji Behramji 539403 19/10/2015 14 15.25 27 92.9 PSU during last year,
issue has given 86% while in 2013-14 the gov- Reliance Power 15-1-2008 10123.2 69.65
Vaksons Automobiles 539402 16/10/2015 26 26.25 26 0.0 return, while DLF 16-11-07 9187.5 3.23
ernment had raised
Vishal Bearing 539398 15/10/2015 25 26 31 24.0 S y n g e n e Rs1300 crore through NHPC 8-7-2009 6038.55 23.53
Bella Casa Fashion 539399 15/10/2015 14 14.3 23 64.3 International's issue divesting stake in six Cairn India 12-11-06 5788.79 1.0
Sri Krishna Constructions 539363 01/10/2015 45 39.9 46 2.2 has given 42%, PNC companies. TCS 29-7-2004 5420.49 7.46
P. B. Films 539352 22/09/2015 10 9.5 8 -20.0 Infra has given 49%, It should be noted NTPC
H. K. Trade International 539337 14/09/2015 18 18.45 18 0.0 10-7-2004 5368.15 13.14
Manpasand Bever- that the government had Bharti Infra
Universal Autofoundry 539314 04/09/2015 15 16 24 60.0 ages has given 32% 12-11-2012 4172.76 1.26
fixed the PSU disinvest-
Oyeeee Media 539310 02/09/2015 40 45 45 12.5 and INOX Wind has Adani Power 28-7-2009 3016.52 17.8
ment target at Rs69,500
Mangalam Seeds Ltd. 539275 12/08/2015 50 55 72 44.0 given 29% return. crore, which was thrice the amount India, 5% in NTPC and other half a
Pecos Hotels & Pubs Ltd. 539273 11/08/2015 50 56 50 0.0 As against this raised in last 12 months. Now, the dozen companies. The government
Amrapali Fincap 539265 05/08/2015 120 122.3 120 0.0 Monte Carlo is government has only five months to has revised the disinvestment target
Gala Print City Ltd. 539228 16/07/2015 24 24.45 24 0.0 traded at 30% dis- achieve the target. Till now the gov- on the lower side and also appointed
Loyal Equipments 539227 16/07/2015 18 20.05 17 -5.6 count, UFO at 15%, ernment could raise only the one fifth a committee to expedite the process.
M D Inducto Cast 539226 16/07/2015 27 28.1 61 125.9 Café Cofee Day at of the target set. Tax Free Bonds :- RBI has cut
Majestic Research 539229 16/07/2015 12.75 14 64 402.0 15%, MEP Infra at The government plans to divest the interest rate so the companies
Jiya Eco Products 539225 16/07/2015 19 21.75 22 15.8 14%, Pennar Engg 10% stake in Coal India, 10% in Oil have also decreased the fixed de-
VMV Holidays 539222 14/07/2015 10 10.25 9 -10.0 at 6% discount. Now posit rates. More cut is in offing. In
Mishka Exim Ltd. (MEL) 539220 13/07/2015 10 14 15 50.0 all eyes will be on TOP Gainers such scenario the government's tax
InterGlob Aviation
Junction Fabrics 539216 10/07/2015 16 17.5 16 0.0
and SH Kelkar. More
BSE SME IPOs free bonds are getting good re-
sponse.
Ambition Mica Ltd. 539223 14/07/2015 40 45 50 25.0
Funny Software Ltd. 539169 02/06/2015 14 13.5 10 -28.6 details are given in a
O. P. Chains Ltd. 539116 22/04/2015 11 11.25 14 27.3 separate box. Co. Name Change (%) (Cont. on P. No. 10)
Athena Construction 539099 16/04/2015 10 15.71 28 180.0 BSE-SME IPOs Majestic Research 402 %
Yogya Enterprises 539097 15/04/2015 15 14.25 27 80.0 :- In Vikram Samvat Raghuvansh Agrofarms 272 % Best Listing in 2015
Filtra Consultants & Engg. 539098 15/04/2015 42 42.8 40 -4.8 2071, a long queue Athena Construction 180 % Co. Name Offer Listing Gain
of SME issues was AGI Infra 137 % VRL Logistics 205 294.10 43.5
AGI Infra 539042 27/03/2015 54 54.4 128 137.0
witnessed. If the new INOX Wind 325 438.40 34.9
SSPN Finance 539026 26/03/2015 20 15 14 -30.0 MD Inducto 125 %
issues lined up are Syngene 250 310.55 24.2
Mahabir Metallex 539041 27/03/2015 10 10.3 11 10.0
Akme Star Housing Finance 539017 20/03/2015 30 32 35 16.7
taken into consider- TOP Losers Navkar Corp. 155 167.95 8.4
Karnavati Finance 538928 05/02/2015 10 10.6 11 10.0
PSU BSE-SME IPOs Adlabs Ent. 180 192.65 7.0
Raghuvansh Agrofarms 538921 28/01/2015 11 11.55 41 272. Worst Listing in 2015
Amsons Apparels Limited 538861 06/01/2015 10 7.6 8 -20.0
Captain Pipes 538817 11/12/2014 40 41.9 40 0.0 Disinvestment Co. Name
Anchal Ispat
Change (%)
-65.0 %
Co. Name Offer Listing Gain
Coffee Day 328 270 -17.5
Anubhav Infrastructure 538833 12/12/2014 15 14.2 11 -26.7 PSU Fund Rising Ortel Comm. 181 162.25 -10.4
SSPN Finance -30.0 %
Anchal Ispat Ltd. 538812 10/12/2014 20 22.1 7 -65.0 IOC 9396 Cr. Funny Software - 28.6 % Power Mech 640 586 -8.4
Jet Infra Ventures 538794 25/11/2014 125 130 127 1.6 PFC 1610 Cr. Anubhav Infra -26.7 % PNC Infra 378 360 -4.7
JLA Infraville Shoppers Ltd. 538765 12/11/2014 10 11.05 14 40.0 DCIL 53 Cr. P. B. Films -20.0 % Pennar Engg. 178 169.90 -4.6
* Rs. 5 Discount to Retailers , ** Rs. 15 Discount to Retailers, ***Rs. 12 Discount to Retailers

8th November to 21st November 2015

 DIPAWALI ISSUE 9
t
Primary Marke
Coffee Day IPO got listed at 17% discount; Investors receives a great jolt
IndiGo IPO will get listed on November 13/16 and will create high volatility
Dilip K. Shah
During last few weeks, all eyes
SH Kelkar's public issue might get listed at premium level on November 17
were on three important things: Cof-
fee Day listing, Perfect Kosmattam Fin's NCDs issue got robust response; Got 131% subscription
Infraengineering's SME IPO and
Kosmattam Finance's NCDs issue.
SH Kelkar's price might be fixed at Rs180: Four out of seven applicants might get shares in retail category
As the Diwali is approaching price of Rs23 to raise Coffee Day IPO listing is the worst listing in four years
Grey Markets Premium Rs5.77 crore fund. The
lead manager was Key' Ahmedabad-based Infibeam might enter into the market after Diwali
IPOs Name Offer Price Premium Knot and SIDBI, while IndiGo offer price fixed at Rs765: Full and firm allotment in retail category
(Rs.) (Rs.) registrar was Karvy
COmputershares. The is- Gail and British Gas' joint venture company Mahanagar Gas will file DRHP with SEBI for IPO
InterGlobe 765.00 30 to 32 sue will get listed on NSE- crore issue with shelf limit of Rs230 get close ahead of scheduled clos- InterGlob Aviation (IndiGo) :-
S.H. Kelkar 173 to 180 20 to 22 SME Emerging platform. crore issue opened on October 16. ing date of November 26. Rs 3018 crore issue with offer price
Latest IPO Premium of Grey Market refer everyday NCDs issues :- Last The detail was published in last edi- * Upcoming listing :- After va- of Rs 700 to Rs765 opened on Oc-
week Kosmattam tion of Smart Investment. The com- cation of Diwali issues of IndiGo and tober 27 and closed on October 29.
our Website www.smartinvestment.in
Don't subscribe IPO only on the basis of Grey premium.
Finance's issue opened pany has got 131% subscription as SH Kelkar will get listed. All eyes will
Before Investing check the fundamentals of IPO in the debt market. Rs115 against base price of Rs150. It may be on these two issues. (Cont. on P. No. 10)
nearer, the primary market may wit-
ness slowdown. However, after
Diwali Indio and SH Kelkar's issue
will get listed between November 16
and 21 making the market vibrant.
Moreover, Infibeam's IPO may also
enter into the market after Diwali.
Coffee Day Enterprise:- Cof-
fee Day Enterprise that operates big-
gest coffee chain of India Café Cof-
fee Day (CCD) got listed on Novem-
ber 2. As against offer price of Rs328
the stock got listed at 17% dis-
counted rates giving a big jolt to the
investors. This is the worst ever list-
ing in last four years.
Coffee Day (539436) :- As
against offer price of Rs328, the
stock got listed at Rs313 and
reached intraday low of Rs266 be-
fore closing at Rs270.95. The stock
closed at Rs275.90 on November 5.
What next in CCD :- Before the
IPO got open for subscription, in this
column of 'Smart Investment' we
have advised the investors to keep
distance from the issue as the issue
was risky. We had correctly pre-
dicted that the issue will get listed
with discounts. Even if you have
made a mistake, now is the time to
off load the stock with every little
upward movement in the stock
prices. If you can wait for one or two
years, hold on.
SME IPO :- Last week only Per-
fect Infraengineers IPO entered into
the market. It issue offering 25.08
lakh shares with face value of Rs10
opened on October 30 and closed
on November 4. The company fixed
Listing Information of
Coffee Day Enterprise
BSE Code 539436
Listing Date 2-11-2015
Offer Price Rs. 328.00
Listing Price Rs. 313.00
Listing Day High Rs. 318.00
Listing Day Low Rs. 266.00
Listing Day Close Rs. 270.15
CMP (5-11-2015) Rs. 275.90
Category Qty.
Kosamattam Fin
NCDs Subscribed

Series1 1,21,421
Series2 1,92,985
Series3 3,63,670
Series4 3,39,749
Series5 2,09,106
Series6 59,909
Series7 69,665
Series8 1,49,797
Total 15,06,302
Date : 5-11-2015
Issue Size = 11,50,000 (100%)
BSE - Quantity : 15,06,302
(130.98%)

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
10 INVESTMENT
Senior Astrologer
Dharmesh Joshi
Nifty has strong support around 7910 level
Mob. : 9909941816
E-mail :
Nifty (7954) :- For next week
nifty has strong support around 7910
level, break with volume will take it to
ment. One can buy this stock
keeping stop loss of Rs.90. On
the upper side stock will zoom up
Investment
stockmarket@ganeshaspeaks.com

09-11-2015 Monday :- " The stock market will be operating for only 3
7850---7790 level. On the upper side
it has strong hurdle at 8035level, cross
over with volume will take it to 8110--
to Rs.130 & there after Rs.170
levels in SAMVAT 2072.
Precision Wires (523539 &
Ideas
days during this week, hence you should avoid taking a long position. " Four
planets - the Moon, Venus, Rahu and Mars will be in conjunction today. " Avoid -8145 levels. NSE) (138.00) :- Company has
- Pratit Patel (9998881112)
trading during the first 20 minutes from the Opening time - today and tomorrow, Bank Nifty (17086) :- reported fantastic numbers in Q2FY16
advises Ganesha. " Today, from 9:35 to13:15, Nifty shall strive hard to For next week BANK NIFTY has & H1FY16. Net profit zoomed by 60%
maintain its strength. " Between 13:15 to 15:00, Nifty may pass time on the soft to Rs.4.51crore in Q2FY16 while profit ported fantastic numbers in Q2FY16
strong support around 16910 level,
side. " Short covering is foreseen during the last 30 minutes of the trading day. zoomed to 57% to Rs.8.73crore in & H1FY16. For Q2FY16, it has re-
break with volume will take it to 16760-
H1FY16. It has declares 25% interim ported sales of Rs.106.68crore
10-11-2015 Tuesday :- " The Sun, Moon and Mercury will be in --16650 level. On the upper side it has
against Rs.49.99crore in correspond-
conjunction, in the Libra Sign today. " Today, the time frame between pre- strong hurdle at 17235 level, cross dividend for FY16. Stock is looking
explosive at current level. One can ing quarter of previous year. While it
opening to 9:40 may be very crucial. Hence, you should totally avoid trading at over with volume will take it to 17450-
invest with stop loss of Rs.125. On the has recorded net profit of Rs.4.10crore
Nifty during this period. " From 9:40 to 11:40, Nifty shall go up " Between 11:40 --17670 levels.
upper side stock will zoom up to against loss of Rs.1.85crore. For
to 12:40, Nifty may hardly move, and remain around the same level, within a KEI Industries (517569 & NSE)
Rs.175 levels while can cross Rs.200 H1FY16, it has reported sales of
small range. " Nifty may witness an astrological bounce from 12:40 to 13:10, for (103.5) :- It has reported mind-blow-
levels in SAMVAT 2072. Rs.209.18crore against Rs.90.21crore
a very short time-period. Hence, the Nifty trend may be unreliable/unpredict- ing numbers in H1FY16. Net sales
Tanla Solutions (532790 & NSE) while profit after tax has gone up to
able, during this time. " Between 13:10 to 14:40, Nifty may be towards a down- zoomed to Rs.1129.95crore against
(30.50) :- Tanla solution is the lead- Rs.7.23crore against loss of
ward trend. " From 14:40 to 15:30, Nifty stock prices shall have slight positive Rs.897.70crore while net profit
ing provider of mobile payments and Rs.4.72crore. One can invest in this
movement. zoomed 111.24% to Rs.27.06crore
rights management solutions. Mobile stock keeping stop loss of Rs.26. On
11-11-2015 Wednesday :- " Only Muhurat trading will be done to- against Rs.12.81crore. In September
payment on the rise in India which is the upper side stock will zoom up to
Quarter IDFC Mutual Funds have
day, due to Lakshmi Pujan-Diwali. " Avoid dealing in the stock market today. positive for this company. It has re- Rs.38 levels in medium term while it
bought 7.14% & L&T Mutual Funds
Instead, just buy some stocks during the auspicious time (Muhurat), and wor- can zoom up to Rs.50 levels SAMVAT
Stocks of the Year
have bought 3.75% stake in this com-
ship Goddess Lakshmi. 2072. Its all-time high rate is Rs.410.
pany. Stock is looking hot for invest-
12-11-2015 Thursday :- " The stock market will be closed
today on account of Diwali Balipratipada. Banswara Syntex (Rs. 87.30) (Code : 503722 & NSE) :- BanswaraSyntex Ltd. manufactures staple,
13-11-2015 Friday :- " The GaneshaSpeaks team and Dharmesh acrylic and blended yarns. The Company produces blends of viscose staple fiber, polyester staple fiber, acrylic staple
Joshi wishes you a Very Happy Diwali and a Prosperous New Year. We also fiber, lycra, cotton, linen and wool. It has an equity base of just Rs.16.43crore that is supported by reserves of around
wish that Lord Ganesha bestow you with his kind blessings, and may all the Rs.204.11crore. The Promoters hold 59.10% while FIIs hold 12.46% stake in the company. It has book value of Rs.132
planets, constellations, stars favour you during the forthcoming year - Vikram per share. For Q2FY16, It has reported sales of Rs.325.39crore against Rs.321.46crore in corresponding quarter of
Samvat 2072. " The stock market was closed during the last 2 days, and it will previous year. However profit has tax flared up YoY85% to Rs.5.41crore, translating into EPS of Rs.3.19. It is regular
also remain closed for the next 2 days. Hence, avoid taking a long position dividend paying company & paid 10% dividend for FY15. Stock is looking safe & strong at current level. Investors can
today. "The Moon and Saturn are degreecally aligned together today, which watch this stock keeping stop loss of Rs.75. On the upper side stock will zoom up to Rs.115 levels in medium term while
may weaken the Moon's positive influence. Subsequently, the overall stock it can zoom up to Rs.150 levels in SAMVAT 2072. It's all-time high rate is Rs.205. Sangam India whose rate was Rs.70
market movement may be slow today. " Today, from Opening to 12:50, the in May-2015 & zoomed to Rs.290 in October 2015. BSL's products are same like SANGAM INDIA.
Nifty trend may resemble an electric wave pattern, which might be boring. Hence, IVP LTD (Rs. 93.00) (BSE Code : 507580& NSE) :- IVP Limited is a diversified manufacturing
you should reshuffle your position accordingly. " At around 12:50, Nifty shall company. The Company's products include vanaspati, edible oils, industrial chemicals, foundry chemicals, advanced
move upwards, step by step, and thereafter become steady around the closing ceramics, and spark plugs. The Company sells its products in India and abroad. It has an equity base of Rs.10.33crore
time of the trading day. that is supported by reserves of around Rs.43.33crore. It is almost debt free company. The Promoters hold 70.86%
while the investing public holds 27.66% stake in the company. For Q2FY16, IVP has reported sales of Rs.39.97crore.

Terrific Shots
Adani Ports (Rs. 284.00)
(Code: 532921) :- The shares of this
A group listed ports company have
face-value of Rs. 2. The share touched
a 52-week high of Rs. 374 and low of
Rs. 266. Adani Ports is seen benefit-
ting immensely from the government's
Sagarmala project to develop coastal
areas. Government has already allo-
cated Rs. 70,000 crores for 12 ports
under the project. After acquiring
Dhamra port in Odisha last year, com-
pany recently bagged the contract to
develop Vizhinjam port in Kerala. It
has slowly reduced its dependence on
Mundra Port and has focused on a di-
versified port portfolio. In the last five
years, company's top-line has grown
at a CAGR of 25%, while EBIDTA and
net profit have risen by 24.6% and
20.13% respectively. For September
quarter, its net profit jumped 16% to
Rs. 667 crores. On a consolidated
basis, income rose 6% from Rs. 1868
crores to Rs. 1986 crores. EBIDTA for
the quarter rose 7% from Rs. 1261
crores to Rs. 1349 crores. RBI has
allowed foreign investors to hold up
to 40% in APSEZ. Trading at a for-
ward PE multiple of 23.8, the stock can
give attractive returns in the new year.
Astra Micro (Rs. 129.00)
(Code: 532493) :- The shares of this
B group listed defence segment com-
pany have face-value of Rs. 2. The
share touched a 52-week high of Rs.
165 and low of Rs. 100. The company
had entered the capital market in 1995
and issued shares of face-value Rs.
10 at Rs. 60 per share. An investor
who would have put Rs. 6,000 in the
IPO, would today hold 3,000 shares.
The value of these shares would to-
day be Rs. 3,96,000. Long-term inves-
tors in the company would definitely
have seen their wealth multiplying.
The company also has a strong divi-
dend paying track record. For the Sep-
tember 2015 quarter, it reported in-
come of Rs. 106 crores and net profit
of Rs. 18 crores. For the first half, the
- Dilip K. Shah However profit has tax flared 118.7% to Rs.3.04crore against profit of Rs.1.39crore. For H1FY16, IVP has reported
sales of Rs.81.57crore while profit after tax has gone up 163% to Rs.6.18crore. H1FY16 EPS stood at Rs.5.98. It has
paid 20% dividend for FY15. Stock is trading at PE ratio of just 9. Stock is looking safe & strong at current level.
figures stand at Rs. 200 crores and
Investors can watch this stock keeping stop loss of Rs.75. On the upper side stock will zoom up to Rs.115 levels in
Rs. 23 crores respectively. Company's
medium term while it can zoom up to Rs.145 levels in SAMVAT 2072.
order book stands at Rs. 544 crores.
It also boasts of strong fundamentals. Modison Metals (Rs. 44.10) (BSE Code : 506261) :- Modison Metals Limited manufactures and
Quoting at a forward PE of 19.4, the sells electrical contacts for low, medium, and high voltage switchgear industries in India and internationally.The com-
stock is very attractively priced at cur- pany was founded in 1965 and is headquartered in Mumbai, India. It has an equity base of just Rs.3.25crore that is
rent levels. supported by reserves of around Rs.93.75crore. The Promoters hold 51.57% while the investing public holds 48.28%
HDFC Bank (Rs. 1079.00) stake in the company. For Q2FY16, It has reported sales of Rs.43.11crore against Rs.45.83crore in corresponding
quarter of previous year. However profit has tax flared up YoY 27.79% to Rs.3.31crore, translating into EPS of Rs.1.02.
(Code: 500180) :- HDFC Bank is
For H1FY16, It has reported sales of Rs.82.84crore against Rs.83.27crore while profit after tax has gone up 55.52% to
among the most famous companies
Rs.4.93crore. H1FY16 EPS stood at Rs.1.52. Company had reported Rs.4.60crore profit in FY15 which is delivered in
in India and is also the largest private
H1FY16 only. Stock is trading at P/E multiple of just 23. It has paid 75% (0.75 paisa) dividend for FY15. Stock is
sector bank in terms of market valua-
looking safe & strong at current level. Investors can watch this stock keeping stop loss of Rs.38. On the upper side
tion. The bank started operations in
stock will zoom up to Rs.65---68 levels in medium term while it can zoom up to Rs.85---90 levels in 15-18 months. Its
1995, but has grown in an unprec-
all-time high rate is Rs.75. Stock can deliver mind-blowing returns in SAMVAT 2072…
edented manner, creating a lot of
WHO WANT TO GET BEST MUHART BUY, SEND NAME, CITY, MOBILE NUMBER, EMAIL BY SMS ON 93755
wealth for its shareholders. The bank
84846 OR SEND EMAIL ON DKWEALTHADVISORY@GMAIL.COM. SENDER WILL GET BEST MUHRAT BUY
has more than 4,000 branches and
THROUGH SMS IN SHORT & IN DETAILS BY EMAIL.
11,766 ATMs. Even when the whole Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks
banking system is facing NPA pres- mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities
sure, HDFC Bank has continued to do mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the
well. For September quarter, its in- case may be. Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources
come went up from Rs. 11,847 crores believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own deci-
to Rs. 14,772 crores, while net profit sions. 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.
has increased from Rs. 2381 crores
to Rs. 2869 crores. For the first half of
income went up from Rs. 54.29 crores company is 46.74%, FII holding under Rs. 16. The stock has corrected
the fiscal, it has reported income of Rs.
to Rs. 74.84 crores. However, net 18.04%, DII 3.87% and public holding sharply in the last four months and is
28,813 crores, while net profit is Rs.
profit declined from Rs. 7.64 crores to is 21.35%. In the first half of FY 2016, trading near 52-week lows. Funda-
5,565 crores. The bank's gross NPA
Rs. 6.03 crores. The company's prof- its standalone income has increased mentally, the stock is quoting at very
has come down from 1% to 0.91%,
its are under pressure due to expan- from Rs. 2126 crores to Rs. 2245 attractive levels, and provides a strong
whereas net NPA has fallen from
sion, but it has managed to retain its crores, while profit has gone up from opportunity for long-term investment.
0.30% to 0.25%. The share touched
top position. It also has a strong track Rs. 319.46 crores to Rs. 370.38 The stock can be a best buy for
a 52-week high of Rs. 1,128 and low
record of dividend payout. The stock, crores. The EPS for the period is just Samvat 2072.
of Rs. 893. A favourite of FIIs, the stock
a favourite of FIIs, is very attractively
is very attractively priced and can give
very good returns in the long term.
valued, and can give very good returns
in the long term.
News Track
MT Educare (Rs. 136.00)
(Code: 534312) :- The company
Bharat Forging (Rs. 861.00) Financial portal "5nance.com" launched
runs tuition classes, and is quite well
(Code: 500493) :- The shares of this Innovage Fintech Private Limited, set up as a 'Financial Tech Startup', announced
Baba Kalyani group company are the launch of true blue financial portal '5nance.com'. 5nance.com empowers its
known in Maharashtra and Karnataka.
listed in the A group and have face- clients to take complete charge of their finances and achieve their short and long
It is now expanding to Gujara and term financial goals, by providing them direct, impartial, comprehensive, research-
value of Rs. 2. The share touched a
other states. The shares of the B group based and structured financial insights. 5nance.com, with its innovations in the tech-
high of Rs. 1,362 and low of Rs. 810.
listed company have face-value of Rs. nological applications, helps its customers to effectively manage their money and
Many fund managers and FIIs are
10. The share touched a high of Rs. build their portfolio for their entire lifecycle. On the occasion of the launch, Mr. Ajay
bullish on the stock. The company A Singh, Founder Director, 5nance.com said, "We started 5nance.com to drive posi-
150 and low of Rs. 96. FIIs have been
makes forging projects for automobile, tive transformation of financial lives for individuals across all segments. Our plat-
on a buying spree in the company
power, oil & gas, rail, marine, aero- form is one of the most sophisticated wizards ever created in the financial space,
since its listing. FII stake in MT
space, and other segments at its delivering personalized solutions while covering multiple asset classes as well as
Educare has increased from 11.38%
plants in India, China and Europe. liabilities." Mr. Dinesh Rohira, Founder & CEO, 5nance.com shared that, "Personal-
in March 2014 to 23.84% in Septem- ized Automated Advisor, will be an unbiased advisory service provided exclusively
Company's equity is Rs. 46.57 crores,
ber 2015. Company's equity is Rs. to our clients, considering clients' specific goals and optimizing investments in due
as against which it has reserves of Rs.
39.79 crores, while its reserves stand consideration of their respective risk appetites. The use of smart technology en-
3,397 crores. Promoter holding in the
at Rs. 86 crores. For June quarter, its ables us to reach our clients through the secured channels of their choice."

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
INVESTMENT 11
In Samvat 2071.....
List of Right Issue, Bonus Issue, Split & Name Change
Dilip Davda Bonus Details (Samvat 2071)
e-mail : dilip_davda@rediffmail.com Company Record Ex.Bonus Ratio of Company Record Ex.Bonus Ratio of
Dilip Davda is having stock market attachment since Date Date Bonus Date Date Bonus
1976 and has contributed to many financial media that Kothari Prod NA NA *YTBA Kotak Mahindra Bank 09-Jul-15 08-Jul-15 1:01
includes print and electronics. He is contributing to Free All Cargo Logi NA NA 1:01 Relaxo Footwears 02-Jul-15 01-Jul-15 1:01
Prress, Janmabhoomi, Vyapar, Corporate India etc. on Mangal Credit NA NA 5:01 SRS 26-Jun-15 25-Jun-15 1:01
stock markets and is a visiting stock analyst for Zee Biz., Marico NA NA 1:01 Lancor Holdings 25-Jun-15 24-Jun-15 1:01
DD News, TV 9 etc. Marathon Next NA NA 1:02
eClerx NA NA 1:03 C Mahendra Exports 19-Jun-15 18-Jun-15 1:01
Bronze Infra NA NA 1:03 Infosys 17-Jun-15 15-Jun-15 1:01
Fairdeal Fila 31-Oct-15 29-Oct-15 1:10 Visagar Polytex 30-May-15 28-May-15 10:01
Compuage Infocom 27-May-15 26-May-15 3:05
Right Issue (Samvat 2071) Looks Health
Kavit Industries
Ruby Mills
30-Oct-15
26-Oct-15
24-Oct-15
28-Oct-15
23-Oct-15
21-Oct-15
3:04
1:03
1:01
Chankya Invest
Insecticides India
06-May-15
17-Apr-15
05-May-15
16-Apr-15
3:01
1:02
Company Premium Offer Proportion Record Ex-Rights Dhabriya Polywood 23-Oct-15 21-Oct-15 1:04 Piccadily Agro Inds 07-Apr-15 06-Apr-15 1:01
(Rs.) (Rs.) DAte Date Tiger Logistics (I) 16-Oct-15 15-Oct-15 3:02 VA Tech Wabag 27-Mar-15 26-Mar-15 1:01
Vinaditya Trading Co 16-Oct-15 15-Oct-15 47:01:00 VHCL Industries 27-Mar-15 26-Mar-15 3:01
Ashima 0 10 24:10:00 02-Nov-15 30-Oct-15 Captain Polyplast 10-Oct-15 08-Oct-15 1:08 Aarti Drugs 25-Mar-15 24-Mar-15 1:01
IL&FS Trans & 80 90 1:03 08-Oct-15 07-Oct-15 Pincon Spirit 10-Oct-15 08-Oct-15 1:01 Tech Mahindra 20-Mar-15 19-Mar-15 1:01
Hydro S & S Inds 260 270 578 : 1000 24-Sep-15 22-Sep-15 Shivam Autotech 10-Oct-15 08-Oct-15 1:01 HCL Tech. 20-Mar-15 19-Mar-15 1:01
Universal Cables 41 51 1:02 18-Sep-15 16-Sep-15 Amines & Plastic 09-Oct-15 08-Oct-15 1:01 RaiSaheb RMohota 17-Mar-15 16-Mar-15 1:06
Everlon Synthetics 0.3 1.3 6:07 09-Sep-15 07-Sep-15 Alpine Hsg Dev. Corp 08-Oct-15 06-Oct-15 1:01 Aarya Global Shares 12-Mar-15 11-Mar-15 3:04
Coastal Corporation 01-Oct-15 29-Sep-15 1:01 Persistent Systems 11-Mar-15 10-Mar-15 1:01
Deccan Gold Mines 16 17 1:02 05-Sep-15 03-Sep-15 Divis Lab 26-Sep-15 23-Sep-15 1:01
Vascon Engineers 5 15 14:19 24-Jun-15 23-Jun-15 SVP Global Ventures 05-Mar-15 04-Mar-15 9:01
Apcotex Inds 24-Sep-15 23-Sep-15 1:01 Fineotex Chemical 13-Feb-15 12-Feb-15 1:01
Mack Trading 0 10 2:05 22-May-15 21-May-15 Colgate Palmol. (I) 24-Sep-15 23-Sep-15 1:01
Bharat Electronics 15-Sep-15 14-Sep-15 2:01 Trilogic Digital 12-Feb-15 11-Feb-15 1:01
Tata Mot.- DVR 269 271 0.3256944 08-Apr-15 06-Apr-15 Delton Cables 27-Jan-15 23-Jan-15 2:01
Tata Motors 448 450 0.3256944 08-Apr-15 06-Apr-15 Dewan Hsg Fin. Corp. 10-Sep-15 09-Sep-15 1:01
Elpro International 10-Sep-15 08-Sep-15 2:01 SRS Real Infra 14-Jan-15 13-Jan-15 1:01
Zee Media Corpn. 17 18 3:10 17-Mar-15 16-Mar-15 Tea Time 08-Sep-15 28-Aug-15 93:200 Minda Corporation 06-Jan-15 05-Jan-15 1:01
GMR Infrastructure 14 15 3:14 12-Mar-15 11-Mar-15 Damodar Inds. 03-Sep-15 02-Sep-15 1:04 MD Telefilms 02-Jan-15 01-Jan-15 1:01
St.Bk of Travancore 390 400 1:05 04-Mar-15 03-Mar-15 PMC Fincorp 01-Sep-15 31-Aug-15 1:01 Simplex Trading 26-Dec-14 24-Dec-14 9:01
Can Fin Homes 440 450 3:10 27-Jan-15 23-Jan-15 Anuh Pharma 06-Aug-15 05-Aug-15 2:01 KK Fincorp 12-Dec-14 11-Dec-14 3:01
Yash Trading&Finance 0 10 2:01 19-Dec-14 18-Dec-14 MBL Infrastructures 29-Jul-15 28-Jul-15 1:01 Infosys 03-Dec-14 02-Dec-14 1:01
Motherson Sumi Sys 25-Jul-15 23-Jul-15 1:02 Global Infratech 17-Nov-14 14-Nov-14 1:10
Tumus Electrical 0 10 9:10 19-Dec-14 16-Dec-14 Aurobindo Pharma 21-Jul-15 20-Jul-15 1:01 Nitin Fire Protectn 15-Nov-14 13-Nov-14 1:03
Channel Nine 0 10 1:02 21-Nov-14 20-Nov-14 Maithan Alloys 16-Jul-15 15-Jul-15 1:01 Vikas GlobalOne 15-Nov-14 13-Nov-14 3:02
PANTALBDVR 101 103 5:08 19-Nov-14 18-Nov-14 Manvijay Devpt. Co 09-Jul-15 08-Jul-15 1:01 * YTBA= Yet to be announced
Federal Bank 09-Jul-15 08-Jul-15 1:01

Name Change in Samvat 2071

BSE Code Old Name New Name W.E.F. Stock Split Details (Samvat 2071)
526576 NATH SEEDS TECHINDIA NIRMAN 31-Oct-14 Company Name Recored F.V. F.V. Company Name Recored F.V. F.V.
506822 M.P.POLYPROPYLENE Aikyam Intellectual Property 05-Nov-14 Date From To Date From To
534920 APTUS INDUSTRIES COVIDH TECHNOLOGIES 12-Nov-14 (Rs.) (Rs. (Rs.) (Rs.
523736 Dhunseri Petrochem & Dhunseri Petrochem 12-Nov-14 Infronics Systems 05-Nov-15 5 10 Syngene International 16-Mar-15 5 10
532784 SOBHA DEVELOPERS Sobha 18-Nov-14 Angels Enterprises 03-Nov-15 1 10 Aplaya Creations 11-Mar-15 10 1
530951 RAM INFORMATICS RAMINFO 19-Nov-14 Mahavir Industries 02-Nov-15 10 5 Prabhat Dairy 09-Mar-15 1 10
533298 SURANA VENTURES Surana Solar 19-Nov-14 Kesar Petroproducts 30-Oct-15 10 1 Junction Fabrics 05-Mar-15 100 10
534597 INDIABULLS Infra RattanIndia Infrastructure 20-Nov-14 Diligent Industries 30-Oct-15 10 5 Channel Nine 02-Mar-15 10 1
533122 INDIABULLS POWER RattanIndia Power 20-Nov-14 Quasar India 29-Oct-15 1 10 Hikal 27-Feb-15 10 2
532254 POLARIS FINANCIAL Polaris Consulting &amp 02-Dec-14 Mahadushi Internatl. 29-Oct-15 1 10 Amines & Plastic 27-Feb-15 10 2
532884 REFEX REFRIGERANTS Refex Industries 02-Dec-14 Sarla Perform. Fibre 29-Oct-15 10 1 Grandma Trdg.&Agency 26-Feb-15 10 1
526143 MILTON PLASTICS MPL Plastics 12-Dec-14
Lambodhara Textiles 15-Oct-15 10 5 Bala Techno Global 25-Feb-15 10 1
Mudunuru 15-Oct-15 10 2 HPC Biosciences 20-Feb-15 10 1
513605 LANCO INDUSTRIES Srikalahasthi Pipes 17-Dec-14
Bata india 07-Oct-15 10 5 Yamini Investments 18-Feb-15 10 1
532944 ONMOBILE GLOBAL OnMobile Global 23-Dec-14 Cadila Healthcare 06-Oct-15 5 1
533562 ONMOBILE GLOBAL OnMobile Global 23-Dec-14 Zyden Gentec 18-Feb-15 10 2
Ojas Asset Reconst. 05-Oct-15 10 1 Quasar India 12-Feb-15 10 1
533292 A2Z MAINTENANCE & A2Z Infra Engineering 31-Dec-14 Alankit 23-Sep-15 10 2
531364 CHOICE INFRA VENTURES Aqua Pumps Infra Ventures 01-Jan-15
Esteem Bio Organic 11-Feb-15 10 1
Samtex Fashions 22-Sep-15 10 2 Him.Fibre 09-Feb-15 10 1
532735 R SYSTEMS INTERNATIONAL R Systems International 06-Jan-15 Urja Global 16-Sep-15 10 1 Poly Medicure 02-Feb-15 10 5
532172 COLOR CHIPS (INDIA) Sphere Global Services 22-Jan-15 Aegis Logistics 16-Sep-15 10 1 Tata Coffee 23-Jan-15 10 1
526905 NILCHEM INDUSTRIES Padmanabh Industries 22-Jan-15 Kushal Tradelink 03-Sep-15 10 2 Bank Of Baroda 22-Jan-15 10 2
508929 JOY REALITY Joy Realty 10-Feb-15 ITD Cementation 21-Aug-15 10 1 Corporation Bank 22-Jan-15 10 2
537669 Si. Vi. Shipping Corporation Siddhi Vinayak Shipping 10-Feb-15 Signet Industries 17-Aug-15 10 1 RS Software (India) 21-Jan-15 10 5
524332 BHATINDA CHEMICALS -$ BCL Industries and Infra 11-Feb-15 Kausambi Vanijya 14-Aug-15 10 1 Franklin Lsg.&Fin. 10-Jan-15 100 10
590114 Naolin Enterprises Taaza International 13-Feb-15 Matrimony.Com 05-Aug-15 3 5 Berger Paints India 08-Jan-15 2 1
537392 Naolin Enterprises Ltd Taaza International 13-Feb-15 High Ground Enter 16-Jul-15 10 1 Eco Friendly Food 08-Jan-15 10 1
536659 Thirthankar Infra Ltd PVV Infra 13-Feb-15 BCPL International 02-Jul-15 10 1 Hathway Cable & Data 06-Jan-15 10 2
532368 Ybrant Digital Lycos Internet 16-Feb-15 JMT Auto 25-Jun-15 10 2 Minda Corporation 05-Jan-15 10 2
531158 CATVISION PRODUCTS Catvision 26-Feb-15
Alkem Laboratories 16-Jun-15 10 2 Potential Investment 31-Dec-14 10 2
Asis Logistics 12-Jun-15 100 1 Omansh Enterprises 24-Dec-14 10 2
500032 BAJAJ HINDUSTHAN Bajaj Hindusthan Sugar 02-Mar-15
Fineotex Chemical 11-Jun-15 10 2 Siddarth Businesses 24-Dec-14 10 1
531013 SUN GRANITE EXPORTS Sun Granite Export 03-Mar-15 Sunstar Realty 04-Jun-15 10 1
514336 FINE PLAST POLYMERS SSK Lifestyles 04-Mar-15 Info-Drive Software 24-Dec-14 10 1
Rollatainers 04-Jun-15 10 2 PNB 18-Dec-14 10 2
531225 FRONTIER INFORMATION Frontier Informatics 13-Mar-15 Elpro International 04-Jun-15 10 2 Angels Enterprises 18-Dec-14 10 1
532820 MUDRA LIFESTYLE E-Land Apparel 13-Mar-15 Kkalpana lnds. (I) 21-May-15 10 2 JK Tyres & Inds. 18-Dec-14 10 2
503669 KUBERKAMAL INDUSTRIAL K K Fincorp 24-Mar-15 Shri Mahalaxmi Agri 18-May-15 10 5 Syschem (India) 12-Dec-14 1 10
532960 INDIABULLS SECURITIES Indiabulls Ventures 01-Apr-15 Rasi Electrodes 11-May-15 10 2 ICICI Bank 04-Dec-14 10 2
523652 KALPENA PLASTIKS Kkalpana Plastick 20-Apr-15 Vishal Bearings 11-May-15 100 10 Godfrey Phillips 28-Nov-14 10 2
531907 DENIM ENTERPRISES Divine Entertainment 28-Apr-15 Titagarh Wagons 23-Apr-15 10 2 Roto Pumps 27-Nov-14 10 2
526409 KALPENA INDUSTRIES Kkalpana Industries (I) Ltd 28-Apr-15 Indag Rubber 23-Apr-15 10 2 Classic Global 27-Nov-14 10 1
505336 MIRCH TECHNOLOGIES Mirch Technologies (I) Ltd 28-Apr-15 Pitti Laminations 16-Apr-15 10 5 Surana Solar 25-Nov-14 10 5
533090 EXCEL INFOWAYS Excel Realty N Infra 05-May-15 Arnold Holdings 16-Apr-15 10 2 Surana Telecom 25-Nov-14 5 1
532543 SAH PETROLEUMS GP Petroleums 06-May-15 Kotak - MF - Gold ETF 13-Apr-15 100 10 Zen Technologies 21-Nov-14 10 1
513575 STERLING STRIPS Sterling Powergensys 06-May-15
Menon Bearings 09-Apr-15 5 1 Excel Castronics 20-Nov-14 10 2
Millenium Online 30-Mar-15 10 1 Sanguine Media 20-Nov-14 10 1
500295 Sesa Sterlite Vedanta 07-May-15
KSS 30-Mar-15 10 1 SBI 20-Nov-14 10 1
400295 Sesa Sterlite Ltd Vedanta 07-May-15
Rajlaxmi Industries 27-Mar-15 10 1 Surya Marketing 18-Nov-14 10 1
532341 LOGIX MICROSYSTEMS -$ IZMO 15-May-15 Kansai Nerolac Paint 26-Mar-15 10 1
524764 NUTRAPLUS PRODUCTS Nutraplus India 20-May-15 NCL Research & Fin 17-Nov-14 10 2
Granules India 23-Mar-15 10 1 Achal Investments 12-Nov-14 10 1
538611 Real Touch Finance Ltd Real Touch Finance 22-May-15 Ajanta Pharma 20-Mar-15 5 2 Shivam Autotech 30-Oct-14 10 2
513335 AHMEDNAGAR FORGINGS Metalyst Forgings 01-Jun-15 Tech Mahindra 19-Mar-15 10 5 GCM Securities 28-Oct-14 10 1
516110 Count N Denier (India) Ltd Scandent Imaging 03-Jun-15 Monotype India 16-Mar-15 10 1 Kridhan Infra 27-Oct-14 10 2

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
12 INVESTMENT
News Track
New Audi A6 Matrix - It just knows ! SMART STOCK IDEAS
I have been always trying to drive
the Audi range of vehicles, ever since
its showroom opening a few years ago.
Attractive Blue Chip Stocks
When I got this opportunity to drive the Companies having 4000 Cr.+ M’Cap, Debt/Equity Ratio less than tow
all new Audi A6 Matrix in Ahmedabad -I
was just overwhelmed. Finally I will be 5 Year ROE 20% Plus & PEG less than Two
getting to drive the talk of town - the New Company P/E PEG Debt- Int. RoE EPS Mkt. Share 52 Week
Audi A6 Matrix. The first thing that strikes
Eq. Coverage avg Growth Cap. Price High / Low
you about the car is its sophisticated
looks with gleaming Matrix LED lights. I was explained, what the Matrix LED Ratio Ratio 5Y(%) 5Y(%) (Rs. Cr.) 16-10
lights are all about. The company's progressive team has bundled Matrix LED Adani Ports & SEZ 28.15 1.15 1.66 3.13 24.22 24.55 67202 325 375-244
headlights with front and rear dynamic indicators. A bundle of 19 light emitting Ajanta Pharma 40.36 0.67 0.09 78.03 32.82 60.22 13268 1508 1720-660
diodes in each headlight paired with four reflectors producer the high-beam Atul 21.39 0.78 0.29 13.67 21.69 27.52 4656 1570 1647-1034
light. The Matrix LED lights which are permanently on high beam, ideally illumi-
nate the road ahead without dazzling other drivers by switching off individual Britannia 50.63 1.10 0.12 247.01 49.88 46.12 38716 3227 3435-1321
LEDs. This car is designed for athleticism and elegance, the Singleframe grille Dr. Reddy 31.72 0.17 0.44 27.80 24.40 190.88 72739 4264 4337-2883
at the front is wider, its six corners are more striking; the chrome struts provide HCL Techno 16.17 0.39 0.05 70.15 31.02 41.19 118321 841 1058-725
for even more elegance. The bumper has also been redesigned. Hexaware 21.16 0.78 0.00 230.61 23.91 27.02 7521 249 335-166
Dubbed as the world's most successful executive sedan more powerful,
intuitive and sophisticated it is has elegant proportions with dynamic lines.
Kajaria Cera. 38.07 1.19 0.33 9.63 28.09 32.07 6975 878 885-526
The high quality Milano leather seats are electrically adjustable with the Mind Tree 21.66 0.84 0.00 6909.0 27.51 25.84 11944 1425 1605-967
driver side memory function, which come in three colors: Black, Beige and TCS 23.26 1.10 0.01 253.41 41.57 21.21 484033 2476 2810-2348
brand new Nougat Brown. Co-driver seat electrically adjustable from the rear Torrent Pha. 27.32 1.03 1.10 6.37 32.26 26.48 25786 1524 1720-810
for additional leg room. The interiors are ergonomically as well as aesthetically
designed for the superior driving comfort.
Vakrangee 21.12 0.36 0.44 7.53 22.41 58.58 6982 132 172-87
The car drove effortlessly as I pushed across every terrain, relishing every
moment of the drive, powering along the banks of the Sabarmati. Continuing
with Audi's dedication to safety, the new Audi A6 Matrix comes with eight airbags,
High Dividend Yield
two of which are dedicated rear side airbags - a best in class feature.
So it made my drive even more comfortable with the thought of all these
Companies having higher return cushion against volatility and generate text free income
features protecting the driver and passengers.
Company P/E PEG Div. Dividend Dividend Avg. Div. Mkt. Share 52 Week
With our hot, semi-arid climate , which is mostly dry for most of the year, Per Yield Pay Out 5 Y (%) Cap. Price High / Low
the Audi A6 Matrix's four zone automatic air conditioning system cools effi- Shares (%) Ratio (%) (Rs. Cr.) 16-10
ciently. The efficient four zone automatic air conditioning system is standard Chambal Fertilizer 8.16 2.51 1.90 3.21 26.70 19.00 2466 59 77-54
which is a boon for the dry, humid Ahmedabad summers. Gujarat Ind. Power 9.21 4.44 2.50 3.11 29.94 25.00 1217 80 94-66
The New Audi A6 Matrix was launched in August of this year. This beauty GMDC 7.38 3.93 3.00 3.87 19.07 150.0 2466 78 160-61
is truly an updated version of one of the world's most successful executive GSFC 7.00 2.21 2.20 3.18 21.89 91.00 2753 69 125-61
sedans. The new Audi A6 Matrix is the perfect symphony of business and luxury. Hinduja Global 6.56 1.38 20.00 4.25 25.11 200 975 471 699-407
It is the product of relentless pursuit of perfection. It is built for the lifestyle that IDFC 6.49 4.51 2.60 4.32 24.26 24.20 9596 60 188-60
flits from the corner office to the golf course to the private tarmac. I loved every
Nalco 8.52 1.87 1.75 4.36 34.12 26.00 10348 40 64-28
bit of the drive and left me craving for more.
Neyveli Lignite 8.45 1.91 2.80 3.45 29.74 27.00 13623 81 98-65
Smart Super Duper (Continued from Page No. 5) Power Finance
PTC India
5.24
9.60
0.32
0.52
9.10
2.20
3.76
3.27
20.01
25.41
72.20
17.60
31905
1991
242
67
316-185
105-50
media and entertainment companies of the country which is the world's big-
gest producer of Hindi Programming. It has more than 10,000 hours content of RCF 9.77 1.79 1.80 3.50 28.80 14.60 2841 52 75-40
television programmes and more than 700 million viewers across the world. It also REC 4.65 0.22 10.70 4.16 19.77 86.90 25393 257 371-211
has regional channels like Zee Marathi, Zee Telugu, Zee Kannada, ETC, Zee Tamiz SJVN 6.24 0.51 1.05 4.01 25.90 9.46 10838 26 27-22
to name a few. As against equity of Rs96 crore the company has reserves of Karnataka Bank 5.66 0.40 5.00 3.79 20.87 39.00 2486 132 158-108
Rs3434 crore. The promoters hold 43.07%, FIIs hold 48.39%, DIIs hold 3.53% and Tourism Fin. 8.37 0.81 1.80 3.01 24.14 13.20 482 60 96-40
public hold 5.01% stake in the company. In first six months of FY2016, the company's
income increased from Rs2172.88 crore to Rs2724.76 crore, while profit increased
from Rs438.12 crore to Rs491.16 crore. The company may achieve topline of
Discount to Book Value
Rs5000 crore and bottom line of Rs1000 crore in the current financial year. The
company may get benefitted from digitization in the country. The stock may go up
Companies having price 10% below the b/v. , RONW 10% plus,
from the current level at may touch Rs500 level in new year. debt/Equity less than 1.5, 5 years earning growth 10 % Plus
Apollo Tyres (500877) (Rs.159) :- The biggest tyre manufacturing com- Company P/B P/E PEG Dividend Deb-Eq. RoE Mkt. Share 52 Week
pany of the country has presence in African and European countries. As against Per Yield Ratio (%) Cap. Price High / Low
equity of Rs50.91 crore the company has reserves of Rs4988.27 crore. The pro- Shares (%) (%) (Rs. Cr.) 16-10
moters hold 44.06%, FII hold 24.38%, DII hold 17.71% and public hold 13.85% Noida Toll Bridge 0.88 5.59 0.25 12.02 0.04 16.14 465 25 38 - 23
stake in the company. In FY 2015, the company's income decreased from SBBJ 0.57 4.34 0.43 2.77 1.26 13.67 3612 516 714-444
Rs13411.98 crore to Rs12785.25 crore, while profit decreased from Rs1005.06 Great Eastern Ship. 0.71 6.51 0.65 3.00 0.88 10.54 5524 366 422-327
crore to Rs977.61 crore with EPS of Rs19.25. In September quarter the company's Karnataka Bank 0.71 5.66 0.40 3.79 0.31 14.03 2486 132 158-108
income decreased from Rs3315.25 crore to Rs2995.25 crore while profit de-
creased from Rs257.94 crore to Rs278 crore with EPS of Rs5.48. So the stock
prices tumbled after poor results in September quarter. In the first half of FY2016, Expert’s Eye to long term. It currently quotes around
Rs. 1377.40 against 52 week High/
cal 2014-15, it has posted net profit of
Rs. 174.96 crore on a turnover of Rs.
the company's income increased from Rs6562.8 crore to Rs5841.29 crore, while
profit increased from Rs485.89 crore to Rs569.34 crore with EPS of Rs11.18.
(Continued from page 15) Low of Rs 1893/1364, FV Rs. 2. 859.91 crore. As on 30.09.15, equity
Although it suffered a setback in Amara Raja (BSE Code 500008) capital of Rs. 199.06 crore is sup-
The EPS may go up to Rs23 by the end of the current financial year. CEAT and
margins, its current order inflow is set :- This lead acid storage battery manu- ported by free reserves of Rs. 744
MRF has touched new highs while this stock is being traded at bottom rates. The
to turn the course. For the fiscal 2014- facturing company has posted net crore plus. Scrip may be considered
replacement market and new product demand may boost the company's perfor-
15 it posted net profit of Rs. 4764.82 profit of Rs. 244.66 crore on a turn- at declined level for long term invest-
mance. It can be added in portfolio at downward movement in phased manner.
crore on a turnover of Rs. 92004.58 over of Rs. 2295.88 crore for the FY16 ment. It currently quotes around Rs.
Kajaria Ceramics (500233) (Rs.855) :- The ceramic sector company H1 against net profit of Rs. 206.26
crore. As on 30.09.15, equity capital 353.60 against 52 week High/Low of
was set up in 1988, which produces vitrified tiles and has seven plants in states like crore on a turnover of Rs. 2085.08
of Rs. 186.13 crore is supported by Rs. 385/295, FV Rs. 10.
Andhra Pradesh, Gujarat, Rajasthan and UP. The company started its production crore for corresponding previous pe-
free reserves of Rs. 41990 crore plus. DISCLAIMER: No financial infor-
with one million square meter which has now touched 45.3 million square meter. riod. For the fiscal 2014-15, it has mation whatsoever published anywhere
The company has given good return in last five years to its shareholders. The Scrip may be considered for medium
posted net profit of Rs. 410.86 crore here should be construed as an offer to
promoters hold 47.18%, FII hold 23.25%, DII hold 5.18% and public hold 23.25% on a turnover of Rs. 4211.33 crore. As buy or sell securities, or as advice to do
Rs240.28 crore to Rs265.13 crore,
stake in the company. DII holding stood at 1.35% in September 2014, which touched on 30.09.15, equity capital of Rs. so in any way whatsoever. All matter
while profit increased from Rs13.65
to 5.18% in September 2015. Thus DII holding is increasing in the company. In 17.08 crore is supported by free re- published here is purely for educational
crore to Rs24.28 crore with EPS of
last seven years, the company's income has increased from Rs665 crore to Rs2187 serves of Rs. 1925 crore plus. Scrip and information purposes only and un-
12.03. In first half of FY2016, the
crore, while profit has increased from Rs9 crore to Rs176 crore. The infrastructure may be considered at declined level der no circumstances should be used
company's income has gone up from
and housing sector is likely to witness a boom, so the stock is very attractive in long for long term investment. It currently for making investment decisions. Read-
Rs120.3 crore to Rs191.73 crore,
terms for investment. In FY 2015, the company's income has increased from quotes around Rs. 886.65 against 52 ers must consult a qualified financial ad-
while profit has gone up from Rs11.37
Rs1840.04 crore to Rs2186.89 crore, while profit has increased from Rs124.22 week High/Low of Rs. 1132/647, FV visor prior to making any actual invest-
crore to Rs17.18 crore with EPS of
crore to Rs175.6 crore with EPS of Rs22.74. In the first half of 2016, the company's Re. 1. ment decisions, based on information
Rs8.34. The stock is being quoted at
income has increased from Rs1044.47 crore to Rs1159.08 crore, while profit has published here. Any reader taking de-
attractive rate. It has witnessed a Syngene Intl. (BSE Code
increased from Rs78.33 crore to Rs104.97 crore with EPS of Rs13.21. Consider- cisions based on any information pub-
strong correction with market going 539268) :- This CRM (contract re-
ing the housing and infrastructure boom, the stock seems very attractive. The com- lished here does so entirely at own risk.
down. But it has recovered well which search and manufacturing) sector
pany has declared 200% dividend this year. Above information is based on the de-
shows the interests taken by funds in company has posted net profit of Rs. tails available as on date along with
Omkar Spe (533317) (Rs196) :- The specialty chemical producing this stock. So the stock can be added 95.93 crore on a turnover of Rs. market perceptions. Author has no hold-
company has reserves of Rs148 crore as against equity of Rs20.58 crore. The in the portfolio with every downward 495.07 crore for the FY16 H1 against ings or plans to invest in any scrip re-
promoters hold 66.34%, FIIs hold 7.01%, DIIs hold 4.58% and public hold movement. The company's market net profit of Rs. 74.56 crore on a turn- ferred above.
20.58% stake in the company. In FY2015, the company's income increased cap is Rs411 crore at current market over of Rs. 380.48 crore for corre-
from Rs240.28 crore to Rs265.13 crore while profit increased from Rs13.56 (Email:
rate. sponding previous period. For the fis-
crore to Rs24.28 crore. In FY2015, the company's income increased from dilip_davda@rediffmail.com )

8th November to 21st November 2015

 DIPAWALI ISSUE-2015
INVESTMENT 13
Sarvesh Ashok Trivedi DLF (Rs. 118.00) (Code: Dalal
Stock Wave
open offer to acquire additional 26%
(Mumbai) (Mob) 09820728124 532868) :- There was correction in stake at Rs. 212 was also announced.
the stock of this real estate company Street However, another open offer is likely
Whispers
w w w. c h a r t s a n ke t s t o c k . c o m due to lower sales in the recently an- as the stock jumped to Rs. 244.
Stock market enters decisive phase nounced quarterly numbers. The com- Orient Abrasive (Rs. 30.00)
pany has debt of Rs. 22,432 crores, Dilip K. Shah (Code: 504879) :- The share price
November 9 and 11 important turning dates while interest outgo is Rs. 705 crores. terly results. The stock is trading at a of this Calcined and Fused ammonia
Dear Readers, "Happy New Year". May it will be a successful year on Company is selling some of its prop- PE multiple of only 6. The company producer has gone up by 10%. Pro-
personal and professional front. erties to pare debt. boasts of a strong balance-sheet, and moters have been acquiring a large
BSE Index (26265.25) :- The index is moving downward from top of Amtek Auto (Rs. 41.00) it seems that the stock can become number of shares of the company.
26718.13. It shows highly oversold position on daily basis, overbought to neu- (Code: 520077) :- The company is another Kelton Tech. They have increased their stake from
tral on weekly basis and towards neutral on monthly basis. November 9&11 reported to have appointed Morgan High Ground Enter (Rs. 25.50 to 38.36%.
are gain turning days on which high and low rates can be used for stop lose. On Stanley to help it reduce debt levels. 85.00) (Code: 517080) :- The trad- Nitin Spinners (Rs. 56.00)
upward movement, beyond 26545 it may go up to 26680, 26810 with resisting The stock has jumped due to these ing volume in the counter of this con- (Code: 532698) :- The share price
level at 27060. On downward movement, below 26190 it may go down to 26125 reports. struction company has more than of this textile sector company has fallen
and get support at 26050. Hero Moto (Rs. 2633.00) (Code: doubled. Promoters have been in- by 35% due to poor quarterly results.
Nifty Future (7977.40) :- It is moving down from illusory top of 8723.85. 500182) :- This auto share has main- creasing their stake in the company The stock is trading at a PE multiple of
It shows highly oversold position on daily basis, overbought to neutral on weekly tained the Rs. 2,610 level from the past from some time. It has also received only 6. The company has reduced its
basis and towards neutral on monthly basis. On upward movement, beyond few weeks. The stock is trading above an order from IOC to set up a Bio CNG debt from Rs. 348 crores to Rs. 274
8060 it may go up to 8095, 8145 with resisting level at 8193. On downward the 20-day and 50-day moving aver- plant. The company will announce its crores in just six months. The share is
movement, it may go down to 26190 and get support at 7900. age, and the charts are showing bull- quarterly results on November 14, and expected to rise in no time.
ish pattern. According to a leading the stock can touch Rs. 100-level by Gujarat Pipavav (Rs. 164.00)
Bank Nifty Future (17167.20) :- Having touched 18041, it may go down
chartist, the stock can be bought for a then.
further. It shows oversold position on daily basis, overbought to neutral on weekly (Code: 533248) :- The share cor-
target of Rs. 2770 with a stop-loss of Adi Finchem (Rs. 227.00)
basis and towards neutral on monthly basis. On upward movement, beyond rected from Rs. 182 levels in the wake
Rs. 2550. (Code: 530117) :- This specialty
17240 it may go up to 17300m 17390 and leave bearish outlook after 17540. of flat results. However, attraction in
On downward movement, below 16981 it may get important supports at 16874
All Sec Techno (Rs. 81.00) chemicals maker entered an agree- the share is likely to go up as the com-
abd 16755. (Code: 532633) :- The stock hit the ment with EIH Mauritius for selling pany is expanding without increasing
Ashok Leyland (87.60) :- From top of 97.20 it is moving downward. It upper circuit of 10% after strong quar- 44.66% stake for Rs. 130.6 crores. An debt.
shows oversold position on daily basis, overbought to neutral on weekly and
overbought on monthly basis. On upward movement, beyond 91.50 it may get
important resisting level at 93.50. On downward movement it may get impor-
Minda Industries (Rs. High Risk market that the company will soon
announce a share buyback offer. The
749.00) (Code: 532539) :- This
urn
High Ret
tant supports at 82 and 78. company's market cap is Rs. 15,000
flagship company of Uno Minda group

Shares
Godrej Industries (392.15) :- Having touched 406.50, it is moving down- crores, while it has cash of Rs. 900
is considered the technology leader in crores. The company can buyback
ward. It shows overbought to neutral position on daily basis, overbought on
manufacturing of auto components. around 5% stake.
weekly basis and neutral on monthly basis. On upward movement, beyond 393
The group has 36 manufacturing sites Somany Ceramics (Rs.
it may go up to 398, 402 with resisting level at 406.50. On downward move- Dilip K. Shah
across the world. The company re-
ment, below 384 shows weak position and below this level it may plunge to 375 332.00) (Code: 531548) :- The
ported 110% rise in net profit for the ing speed on the back of these reports.
and 371 with support at 367. shares of this leading ceramic player
second quarter. The company has Nestle (Rs. 6171.00) (Code:
JSW Steel (873.50) :- From top of 939.80, it is moving down. It shows also bagged new orders from Renault,
have crashed from Rs. 392 levels to
highly oversold position on daily basis, overbought to neutral on weekly basis
500790) :- The shares of this FMCG Rs.332 in the wake of weak results for
Maruti Suzuki and Tata Motors. major had crashed in the last few
and overbought to neutral on monthly basis. On upward movement, beyond second quarter. However, there is a
Petronet LNG (Rs. 201.00) months due to the ban on Maggi likelihood of the central government
893 it may witness resistance level at 905. On downward movement, below
848 it may get support at 828.70. (Code: 532522) :- RBI recently noodles. However, the company has levying anti-dumping duty on Chinese
hiked FII investment limit in the com- restarted production of Maggi at some ceramics, which will help the com-
Reliance Capital (409.90) :- From top of 428.30, it is moving down. It
pany to 30%. The existing FII holdings of its plants after the product was pany.
shows highly overbought position on weekly and monthly basis. On upward
in the company are 22.5%. cleared by various labs. There are in- Welspun India (Rs. 723.00)
movement, beyond 417 it may get resistance at 428.30. On downward move-
SBI (Rs. 243.00) (Code: dications that Maggi will be back in the
ment, below 408 it may go down to 404 and 393 with supports at 398 and 381. (Code: 514162) :- The share has
500112) :- The country's largest bank market soon. A lot of movement can
Reliance (952.00) :- Having touched 975 level, the stock prices are soft- be seen in the stock in the coming
fallen from Rs. 950 to the current lev-
ening. It shows overbought to neutral position on daily basis, overbought on has announced better than expecta- els in a very short span. However, it is
tions results for the quarter. The net days.
weekly basis and towards neutral on monthly basis. On upward movement, believed that some people in the know
profit was up by 25%. Moreover, a fall Polaris (Rs. 203.00) (Code: are accumulating shares at lower lev-
beyond 943 it may go up to 951, 959 with resisting level at 975. On downward
movement, below 927 it may go down to 917 with support at 914. in gross NPA and net NPA would in- 532254) :- Shares of this software els, which could lead to a quick bounce
dicate improvement in asset quality, company are in the limelight after the back in the stock. Company has strong
-: Golden quote :- which could lead to some movement deal with technology outsourcing com- fundamentals and is soon foraying into
in the stock. pany Virtusa. As per the deal, Virtusa the e-commerce segment. Two of the
Life is like a Camera, So face it with a Smile Tata Motors (Rs. 396.00) will acquire 33% promoter stake for company's projects are expected to be
(Code: 500570) :- The share has Rs. 1173 crores, and will come out with commissioned soon.
jumped after the company reported an open offer to acquire up to 26% Asian Paints (Rs. 802.00)
Market is afraid of Bihar Results ?
Like award retours, investors and
strong sales in the domestic as well
as foreign markets for the month of
stake at Rs. 220.73 per share.
Sun TV (Rs. 364.00) (Code:
(Code: 500820) :- The shares of this
leading paints company declined and
October. Domestic market sales have 532733) :- The shares of this broad-
traders are returning shares. The
sensex has lost almost 1000 points in
Diwan-E-Khas grown by only 1%, but JLR sales in casting and cable TV company are on
fell below Rs. 800 due to poor than
expected quarterly performance. How-
A.J. Diwan (Mumbai) US have grown by 15% for the sec- the market radar after coming out with ever, value buying by institutional in-
last few days. The trend in the next
E-mail : ond straight month. Land Rover sales very strong numbers for the Septem- vestors at lower levels has once again
week entirely depends upon results
divanconsultancy@rediffmail.com have risen 98%. The stock is catch- ber quarter. There is a buzz in the added colour to the stock.
declared on last Sunday.
Once nifty broke support of 8090 it went down to and broke another sup-
port level of 7095 and closed below it. The breath of market in last couple of
days is negative. US job data announced last week gives strength to fed to go Best Wishes for New Year
ahead with rate hike in 2015. Nifty resistance level is 8030 and support at 7875
on Monday with high volatility one has to keep this figures in mind. Stock Market Related one of the Most Successful Website : www.smartinvestment.in
The news of telecom is accepted to benefit R.com and reliance JIO. The
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ticket cancellation charges double and gas subsidy to be abolished is another Dear Net User Friends,
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ment on decline. After Dr.Reddy us
notice, Share price has tumbled.It is
Buy... Buy... Buy on Dips Hold Sell on High
better to wait and watch for share. GNFC 75.00 Oberoi Realty 288.00 PNB 132.00 GAIL 289.00
Index has support at its psycho- On Mobile 96.00 Shemaroo Intl. 266.00 Tata Steel 220.00
Maruti 4523.00
logical mark of 26000 and resis-
tance at 26550 and closing above Pincon Spirit 96.00 ADF Foods 87.00 MCX 857.00 SUN TV 364.00
it is must for the uptrend. Intraday Dena Bank 43.00 Radico Khaitan 103.00 United Spirit 3449.00 IPCA Lab. 703.00
traders can wath ceat.last couple
of days share is ridged every day Redington 115.00 Tilaknagar Ind. 25.00 Jubilant Food 1420.00 Voltas 279.00
by Rs.20/25 and bringing down by Amtek Auto 41.00 J. K. Lakshmi 354.00 Relaxo Foot 503.00 Canara Bank 275.00
Rs,40/50.
Astra Micro 128.00 NTPC 135.00 M&M 1248.00 Divis Lab. 1123.00
In MCX aluminum seems good
buy with s/l at rs.100.it has potential Lakshmi Vilas Bk. 85.00 Dishman Ph. 388.00 V. Mart 452.00 Essar Oil 185.00
to go up to rs.103.5/104. Mahindra Life 493.00 CIPLA 657.00
G.M. Breweries 753.00 Bajaj Auto 2423.00
We wish you a very happy dipavali
and new year. Munjal Auto 73.00 TVS Motors 284.00 Just Dial 766.00 HDFC 1088.00

8th November to 21st November 2015


14
Acche Din' come ?
(Continued from page 16)
" Inflation & Interest Rate; " Cur-
rent account deficits & fiscal deficits
are turning positive, resulting in size-
able savings and surplus in the
economy.
On the other end, $ 1 trillion
projects in the area of M-I-D
M - Mining : Coal Mining
I - Infrastructure : Railways,
Road, Port, Airports, Power, and Wa-
terways
D - Defense
And various programs under M-
D-S:
" Make-in-India initiatives inviting
FPI investments have so far attracted
in excess of $ 17 billion from coun-
tries like Japan, USA, Europe, and
China;
" Digital India program inviting in-
vestments from likes of Google,
Facebook, Siemens, Cisco of the
world;
" Social Infrastructure - like
Swatch Bhaarat, Sanitation Facilities.
When one sums up the amount
of investments in M-I-D executed un-
der M-D-S programs, it unfolds mas-
sive employment opportunity in the
economy. Through employment, sub-
stantial amount of money will be left
in the hands of individuals and this
money will eventually find its ways into
consumption and savings in the
economy.
The GDP in the economy is ex-
pected to grow from 7-8% to 9-10% in
the coming 2-3 years. As a result, the
economy is expected to grow to $ 8
trillion by 2030 as against the present
$ 2.30 trillion, a 4 times growth in the
coming 15 years!
It is expected that India would
have invested about
" $ 200 billion in solar power, wind
power and thermal power by 2025 and
increased the power capacity to 200
GW from current 33 GW;
" The waterways are expected to
bring in investments of $ 5.5 billion in
linking rivers and ports for building
strong internal transportation of goods
and services, which in turn bring down
supply time to industry and consum-
ers and resulting into controlling infla-
tion, even when economy is growing
at double digit growth;
" Domestic production of defense
items holds the potential to save $ 14
billion of imports and in turn structur-
ally reduce the pressure in require-
ments of $ currency as import bill goes
down.
Today, India is in a sweet spot. On
one hand the GDP growth is remain-
ing highest in the world and promises
to go up to double digits in the coming
3-5 years, and on the other, value of
INR has relatively depreciated less in
the global turmoil of currency. While
other emerging economies like Brazil
and Russia have lost 30-40% value
of their currency, India's currency has
regained its lost value of 4%.
I see a brilliant possibility of INR
staging a come-back to 50-55 / $ in
next 3-4 years against 64-65 / $ as on
today.
The RBI, who has managed the
monetary policies rather well during
the challenging times of past 7-8
years, has started responding with cut
in interest rates of 1.25% in last 9
months. As the inflation stays well
below the 5% target and INR holds
firm, RBI is expected to bring down
rate of interest further and it would only
uplift the spending in economy, reviv-
ing stalled projects in roads, power
and other infrastructure activities.
The fact that India is a large de-
mocracy has its own challenges, as it
marches on the path of growth. Her
political system is age old and so are
her politicians. They need a mindset
overhaul, in turn letting this country
grow on her strengths, strength of her
DIPAWALI
people. " Stalling key reforms like Land
Acquisition Bill and GST, playing dis-
ruptive politics and stalling the deci-
sion making process in parliament is
nothing short of vandalism! The power
hungry politicians should have been
playing constructive role as against
destructing one! There should be con-
structive support to bills passed in Lok
- Sabha by selected members of Rajya
- Sabha in passing legislations. Let the
government be helped and allow them
to focus on execution of the key re-
form initiatives - which is the demand
of the day for the nation!
" Caste politics, reservation poli-
tics and politics of religion is a mindset
disease;
" The stubborn and power hungry
bureaucracy and the rigid laws sup-
porting their dominations also results
into corruption.
These are some of the challenges,
not allowing ease of doing business
in the country.
Against many possibilities, there
are some challenges of executions.
When these challenges are overcome,
it brings ' Acche Din ' for people of In-
dia.
I suppose, the generation next will
act more responsibly by electing po-
litical leaders who are equally commit-
ted to bring change in the economy
and build prosperity for all!
Investment in India is an exciting
opportunity for global investors. India's
domestic savings have steadily in-
creased its inflow into equity markets.
Domestic funds have been net buy-
ers in each month since Modi Govern-
ment came to power having invested
over $ 14 billion from June 2014 to
September 2015. The FDI is $ 30 bil-
lion till 30th June in CFY. Domestic
savings are being channelized for
long-term investments, which is a suc-
cess formula for producing wealth for
the nation and its 125 billion people.
Steady currency and attractive
valuations of India's equity markets will
lead to better than expected inflow of
domestic savings and global funds,
resulting in wealth creation in coming
years. That's my confidence and I cer-
tainly feel that investors will be better
off investing for long term in equity.
All you need is some change in
your approach to investments. Let
genuine advisors help you deploy
funds under research based approach
of investing. Investors will reap larger
fruits in next 10 - 15 years when they
regularly invest and capitalize this op-
portunity by channelizing their invest-
ments into growth assets!
I see enormous growth potential
in sectors like insurance, banking and
finance, agriculture, automobile, com-
modities like sugar, metal & cement
under this infrastructure led boom,
which the country is set to produce.
As GDP grows to an expected $ 8
trillion by 2030 at a CAGR of 8%, the
stock market wealth should grow from
the present $ 1.5 trillion to $ 7.9 trillion
by 2030 - producing CAGR of 12 %!
If you have invested 10,000 /
month for next 5 years and held on to
your investment till 2030, your wealth
should grow to 25 lacs by 2030, at a
CAGR of 12%!
A 70-year young country, India is
reinventing and positioning herself for
quantum growth. The current Govern-
ment has started putting the house in
order by disciplining finances and pri-
orities of the nation, going out for in-
vestment of funds to revive the
economy. Systematically they have
collected 300,000 crores under coal
block and spectrum auctioning and
saved about 100,000 cores by bring-
ing down the fuel subsidiary.
And the beginning of 'Acche Din'
have just begun….
I take this opportunity of wishing
you very Best of Diwali 2015 and
Samvat Year 2072.
8th November to 21st November 2015
ISSUE-2015
All Eyes on the
Fed this year
(Continued from page 16)
before it can raise rates. With un-
employment rate of at 5.1% one of the
objectives is achieved.
However, the inflation at 0.2% is
as far from its 2% target as it can be.
October was the 41st consecutive
month where annual inflation under-
shot the Central Bank's 2% target.
Also this was the 10th consecutive
month where in it remained below 1%.
There is no way this can rise to the
target of 2% by December, 2015.
So if the Fed wants to stick to its
guidance that it will let the incoming
data decide whether to raise rates or
not, the strength and trajectory of data
as on the date of the last FOMC meet-
ing does not indicate that it will be able
to do so.
Yet we have the Fed saying that
a December hike is a possibility.
It would in place to remind read-
ers that Yellen's desire to hike rates
may be stemming from her July 2015
testimony to the Congress that the Fed
is on course to start hiking rates by
end of the year 2015.
The economic data, in fact, has
worsened after the last FOMC meet-
ing.
One of the key data that came a
day after the Fed meeting was the first
reading of the Q3 GDP growth. The
growth tanked to 1.5% from the Q2
growth of 3.9%.
If the Fed really follows the goal
posts it has set for itself, we do not
foresee a rate hike in the U.S. in De-
cember. However, if the Fed does
eventually hike, the compulsions may
be otherwise than economic.
The markets are not currently dis-
counting a rate hike. If a rate hike does
come, it will rattle the markets. That
may be the time to pick up stocks.
I for one would like to recommend
Suzlon for the really long term inves-
tor. I consider it Fed proof.
Investors can pick this stock at the
current price and should have re-
sources to add at lower levels till about
Rs 18, the price at which Dilip Sanghvi
and Associates took stake.
The problems of the past are
gone. Working capital is now available.
Debt has been reduced. The debt has
been upgraded from default grade to
investment grade. The company
hopes to increase its market share
from 20% to 35% in the current year
and also has the off-shore technology
rights from Senvion. The company
should be able to get back into the
black only in FY -2017.
It is in the right industry. India has
to reduce its carbon foot print. There-
fore, the government wants to grow
the wind power sector to 60 GW to by
2022, which could mean a CAGR of
15%.
Disclosure: I hold the stock.
Diwali to Diwali
(Continued from Page No. 8)
NTPC, PFC and REC tax free
bonds have received good re-
sponse and all the bonds got over
subscribed on the very first day it-
self. NHAI is also planning to come
up with Rs12000 crore tax free
bonds issue, which is likely to get
robust response.
Upcoming public issues :- In
the coming days, the primary mar-
ket will also turn vibrant with host of
companies planning IPOs. It is be-
lieved that around 40 companies
have sought permission from Sebi
for the same.
Around a dozen companies are
planning to raise Rs11,500 crore
Market should do
really well in the
coming Samvat year
(Continued from page 16)
The green shoots are clearly to be
seen. Indirect tax collections have
been higher by 37 % in the first 7
months of 2015-16. Even after ac-
counting for the rate increases, the
increase in indirect tax revenue is
12%. The biggest problem is with the
power sector, and as I write this, the
Cabinet has approved a comprehen-
sive scheme -UDAY- for the revival of
power distribution companies or
DISCOMS. Work on highways is go-
ing on in full swing. The oil subsidies,
even on LPG, are falling and after a
long time the oil marketing companies
are having a surplus in the subsidy
account.
IN short, the market should do re-
ally well in the coming Samvat year
and we expect corporate results for
December quarter to be excellent. The
IPO market has now started reviving
and I personally feel that then. com-
panies will realize after the debacle of
Coffee Day that pricing IPOs reason-
ably, leaving some margin for the short
term retail investors is more helpful in
the long run.
The sectors that should do well in
the coming year are :Power, Railway
related companies, PSU Banks , Ag-
riculture based companies.
Primary Market
(Continued from Page No. 9)
The issue got 17.80 times sub-
scription in QIB, 3.57 times in HNI,
0.92 times in retail and 0.13 times
in employee quota with 6.15 times
overall subscription. The company
has fixed the discovery price of
Rs765.
In the retail category full and firm
allotment announced. The share
might get listed on November 13 /
16 due to Diwali holidays. Rakesh
Jhunjhunwala has invested Rs400
crore in HNI category so it may wit-
ness fancy. The issue may get listed
around Rs390-395 and cross Rs400
after listing. The investors holding
on to the stock might get good re-
turn.
SH Kelkar :- The issue with of-
fer price of Rs173-180 opened on
October 26 and closed on October
30. Rs510 crore issue got 27.08
times subscription with 25.55 times
in QIB, 87.18 times in HNI and 2.14
times in retail segment. The discov-
ery price could be fixed at Rs180.
Allotment and refund may take
place on November 10 or Novem-
ber 13. In the retail segment, one
share will be allotted against 1.27
application, i.e. out of seven only
four applicants will get shares. The
issue might get listed on November
17 around Rs200 and might go up
to 215/220 on good market condi-
tions.
* Upcoming IPOs :- The joint
venture of GAIL and British Gas Ltd,
Mahanagar Gas might get listed on
Indian Stock Exchange and file
DRHP for the same in the current
monthly only. The promoters plans
to sell 25% stake which takes up the
valuation to Rs4800 crore. Both pro-
moters will sell 12.5% stake each.
through IPO in next few months.
These companies include Catholic
SyrianBank, AGS Trasact Techno,
Dilip Buildcon, Amar Ujala,
Infibeam, Bharat Wires Rops,
Health Care Global, Alchem Labs
and Prag Milk.
INVESTMENT
India is the best among
emerging economies
(Continued from page 16)
On the other hand, we continue
to like the defensives like IT and
pharma where Indian companies have
strong competitive advantages on a
global scale; within these sectors, we
prefer those companies where mar-
gins have scope to improve relative
to peers, which is not being factored
in valuations currently.
In my view, India is best placed
within the emerging economies space
and is likely to continue attracting
higher fund inflows in the medium-
term, notwithstanding any near-term
global concerns. Foreign inflows
coupled with strong domestic invest-
ments are likely to lead to our mar-
kets outperforming all major markets
over the next few years, re-affirming
equities as the best asset class, while
returns from other asset classes con-
tinue to moderate.
Hello Samvat 2072 !
Bets on banks, infra
(Continued from page 16)
The downstream oil & gas space
will be big beneficiary of the phasing
out of diesel subsidies. These com-
panies will see sharp growth in profits
and rapid reduction in debt levels.
We also like the export-oriented
stories in the pharma space as the glo-
bal demand outlook for them remains
strong. Currently, India exports around
$15 billion worth of pharmaceutical
products, which will double in next six
years. Large Indian exporters will be
big beneficiaries
Asset allocation is a function of an
investor's risk appetite, investment ho-
rizon and liquidity requirements. Each
investor is unique and would, there-
fore, require personal advice to man-
age his asset allocation.
An investor with a medium risk
profile and no liquidity constraint could
consider maintaining 50 per cent allo-
cation to equity, 30 per cent to fixed
income, 10 per cent to real estate and
5 per cent each to gold and alterna-
tive assets.
Our Top five stock picks for the
next Samvat would be : Bajaj Finance,
HPCL, Lupin, Eicher Motors, Larsen
& Toubro.
Put 70% of your money
in equity for Samvat 2072
(Continued from page 16)
Blue Dart Express. We continue
to advise investing into quality names
that have reasonable growth visibility
coupled with strong balance sheets.
We believe that the opportunity would
be there across largecap, midcap and
smallcap segments. Current Asset
Allocation: Equity: 70% Fixed In-
come:25% Gold: 0% Real Estate: 0%
? Alternative Assets: 5%.
Disclaimer :- Investment
recommendations made in Smart
Investment are for information
purposes only and derived from
source that are deemed to be re-
liable but their accuracy and com-
pleteness 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 in-
formation in this column are soley
responsible for their actions. The
author, his company or his ac-
quaintance may / may not have
positions in the scrips featured
herein

INVESTMENT
Expert’s Eye
Dilip Davda
e-mail : dilip_davda@rediffmail.com
Well, the time has passed very
speedily and we will be ushering into
new Samvat Year (SY) 2072 by next
week. SY 2071 did marked new mile-
stones for secondary market and also
brought in some activities for primary
market, but its recent trends have
raised doubt on ending of SY 2071 on
a sound note. There are many reasons
for it, first and foremost is the lacking
direction for speedy reforms from NDA
that is on the verge of completing two
years of ruling. Deficient monsoon is
raising concern on inflation that has
just started cooling down, but may rise
again. RBI's gesture of rate cut failed
to bring the desired relief. Weak glo-
bal trends, concern over US Federal
Bank's likely rate hike by December
2015 will have bearing on the senti-
ment for a while. Economic data with
IIP numbers and WPI, CPI on domes-
tic front and the Eurozone movements
will keep a tab on the sentiment.
For the concluded week, BSE
Sensex and NSE Nifty moved in the
range of 26824.30-26243.20 and
8116.10-7942.60 respectively.
During SY 2071 S&P BSE Sensex
and NSE Nifty moved in the range of
30024.74-24833.54 and 9119.20-
7539.50 respectively till 06.11.15.
Secondary Market
Weekly Trends:
With a negative start on Monday
profit bookings kept the market on a
slippery mode and closed in red zone.
BSE Sensex lost 97.68 points to close
at 26559.15 and NSE Nifty marked
deficit of 15.00 points to end the day
at 8050.80. Dollar surging towards 66$
level and domestic PMI marking last
22 month's low brought selling. Metal,
Capital Goods, Pharma counters got
hammered down while short covering
in banking counters helped market to
recover from the low of the day. Mar-
ket breadth remained negative. FIIs
were net sellers. eClerx announced
bonus in the ratio of 1 share for every
3 shares held. Coffee Day got listed
on BSE and NSE and opened at
around 5% discount to offer price and
closed with a loss of 18% thus spoiled
primary market mood.
With a gap up opening on Tues-
day indices kept gaining momentum
to close in green, but flat. BSE Sensex
scored 31.44 points to end the day at
26590.59 and NSE Nifty marked gain
of just 9.90 points to close at 8060.70.
With pharma, IT and Oil and Gas sec-
tors surge in the morning session,
market witnessed gaining momentum
Ex-Split
Mahavir Ind. (2 for 1)
Shilpa Medi (2 for 1)
*All eyes will be on IndiGo
IPO that is expected to list by
week end.
Bonus meet scheduled by
Kothari Prod. on 10.11.15.
Ex-Bonus
Fairdeal Fila (1 for 10)
Looks Health (3 for 4)
During the week dividend announcements
Atul Auto (55%), CARE (60%), DCM Shriram (60%), Granules India (15%),
Gulshan Poly (35%), Harita Seat (25%), Mayur Uniquo (16%), Monsanto In-
dia (150%), Sundram Fastener (85%), Tide Water (1500%), Aegis Logi (30%),
Cupid Ltd (10%), Gabriel India (45%), Hexaware Tech (112.50%), IMPAL
(25%), Indag Rubber (45%), Marico (175%), PPAP Auto (10%), Precision
Wires (25%), Aarti Ind (60%), Astral Poly (15%), Chembond Chem (60%),
GMM Pfaudler (35%), Ingersoll Rand (30%), Manappuram Fin (22.5%),
Nilkamal Ltd (25%), SQS India (40%), Aarti Drugs (22.5%), Allcargo (50%),
APM Ind (75%), Info Edge (10%), Kewal Kiran (85%), Max India (90%), MEP
Infra (1%), MT Educare (6%), ONGC (90%), Sonata Soft (350%), Triven Tur-
bine (40%) etc.
DIPAWALI
15
Samvat 2071 may end with caution
that turned short lived. However, de-
spite volatile movements for the day,
market managed to close in green.
Capital Goods, Power, Consumer
Durables lead the selling. FII remained
net sellers. Surge in Crude oil prices
brought buying on PSU OMC
counters. Marathon NextGen an-
nounced bonus in the ratio of 1 share
for every 2 shares held. Mahavir Ind
turned ex-split (2 for 1).
Higher opening with a gap on
Wednesday short lived as profit book-
ing kept indices on a sliding mode
once again to close in red. BSE
Sensex lost 37.67 points to close at
26552.92 and NSE Nifty marked defi-
cit of 20.50 points to end the day at
8040.20. Auto sector lead the surge
in the morning session that got wiped
off with selling on banking and pharma
counters post noon. Crude crossed
50$ a barrel mark and washed away
eased dollar impact. FIIs remained net
sellers in futures, but turned net buy-
ers with small volume in cash. Marico
announced surprised bonus in the ra-
tio of 1 share for every 1 share held.
Scrip got listed on BSE included Acme
Resource, Indo-Global, Megri Soft and
Richfield Finance.
Expressing mixed trends for open-
ing on Thursday indices kept sliding
as the day progressed to close in dip-
per red. BSE Sensex marked deficit
of 248.72 points to end the day at
26304.20 and NSE Nifty too mirrored
similar trends with a loss of 84.75
points to close at 7955.45, thus both
benchmarks closed below its senti-
mental barriers of 26.5K and 8K re-
spectively. US Federal indicating rate
hike by December brought selling all
over the global markets and we too
felt tremors. Unwinding of long posi-
tion ahead of Bihar poll verdict kept
market on a edgy note. FII turned
heavy net sellers. Healthcare, IT and
Banking counters lead the doom.
Mangal Credit announced liberal bo-
nus in the ratio of 5 shares for every 1
share held.
On Friday too we marked diver-
gent trends for opening, but finaly the
day ended in red. BSE Sensex lost
38.96 points to close at 26265.24 and
NSE Nifty marked deficit of mere 1.15
points to end the day at 7954.30. Fi-
nal day of the week marked volatile
trades in a range bound movement
with weak sentiment. Market breadth
was negative. Power sector counters
lead the doom that washed away
morning trade gains. Although market
recovered from the low of the day, it
closed in red. Q2 number brought
stock specific movement with counters
registering gains on positive trends
included PNB, SBI, Cipla, Fag Bear-
ings, Castrol, Motherson Sumi etc.,
while poor results propelled selling on
counters like Tata Steel, BHEL, SAIL,
M & M, Bosch, Gateway Distri., BoB
etc. Heavy weights marked narrow
movements. IDFC Bank got listed on
BSE and NSE post demerger from
parent company. Other scrip got listed
on BSE were Beardsell and Krish
Fab.Shilpa Medi turned ex-split (2 for
1). Allcargo Logi announced surprised
bonus in the ratio of 1 share for every
1 share held.
8th November to 21st November 2015
ISSUE-2015
Best Buy
Maruti Suzuki, SRF,
L & T, Amar Raja,
Syngene Intl.
For the week ended 06.11.15, In-
dices marked net weekly LOSS of
391.59 and 111.50 points in Sensex
and Nifty respectively spoiling festive
mood.
Rupee remained above Rs.65.00
a dollar for most part of the week and
Crude surged above 50$ a barrel
keeping a tab on the general market
sentiment. Now all eyes are on Bihar
poll results and inflation data to take a
clue for market movement during fes-
tive season. Next set of H1 results will
keep market in stock specific mode.
Under the given scenario, BSE
Sensex may move in the range of
27500-25200 and NSE Nifty between
8450-7550.
All eyes will be on IndiGo IPO that
is expected to list by week end.
Bonus meet scheduled by Kothari
Prod. on 10.11.15.
SY 2071 trends :- As far as SY
2071 is concerned, post last muhurat
trading, indices kept surging and
marked new milestones in the month
of March 2015. But thereafter indices
kept sliding and are in edgy mode as
seen in recent weeks. This is largely
due to deficient rain coupled with
prevalent uncertainty over reforms due
to un-passages of important bills on
land acquisitions, GST etc. Although
a section of the market is still pinning
hopes on reforms post Bihar poll ver-
dicts, market is having lackluster
trades for past few weeks.
During SY 2071 we marked posi-
tive trends for automobile sector
counters that included auto ancillaries
as well. Pharma and Textile counters
too gained momentum. IT counter's
trades hinged to dollar movement and
the guidance from the sectors while
announcing results. Banking counters
too gained post rate cut from RBI and
also helped rate sensitive counters in
realty and auto sector, but thereafter,
lower demands in realty and NPA con-
cern for banking industry kept a tab
on general sentiment. Metal and Min-
ing counters moved in a volatile way
following global cues. Mid and Small
cap counters kept moving around re-
sult number seasons. Thus market
gave mixed trends for SY 2071. For
SY 2072, in all probabilities, infra sec-
tor will gain momentum that includes
cement, steel and engineering ser-
vices sectors. Pharma and Auto sec-
tor will continue to dominate the
trends. Based on market perception,
indices are likely to move in the range
of 33000-25500 for Sensex and
10000-7350 for Nifty for new Samvat
Year.
Scrip Watch (Muhurat Bets)
Following scrip may be monitored
for strategic investment ideas for me-
dium to long term as a Muhurat Bets.
Maruti Suzuki (BSE Code
532500) :- This automobile sector
company manufacturing car and util-
ity vehicles, has posted net profit of
Rs. 2418.48 crore on a turnover of Rs.
27358.64 crore for the FY16 H1
against net profit of Rs. 1624.82 crore
on a turnover of Rs. 23743.17 crore
for corresponding previous period. For
the fiscal 2014-15, it has posted net
profit of Rs. 3711.22 crore on a turn-
over of Rs. 49970.64 crore. As on
30.09.15, equity capital of Rs. 151.04
crore is supported by free reserves of
Rs. 25965 crore plus. Scrip may be
considered at declined level for long
term investment. It is long overdue for
a bonus maiden issue. It currently
quotes around Rs. 4522.90 against 52 Bonsu Announced
week High/Low of Rs. 4763/3250, FV E Clerx (1 : 3)
Rs. 5.
SRF Ltd (BSE Code 503806) :-
Marathon Next (1 : 2)
This diversified company having Marico (1 : 1)
business in technical textiles, chemi- Mangal Credit (5 : 1)
cals and packaging films has (on con- Allcargo (1 : 1)
solidated basis) posted net profit of Rs.
week High/Low of Rs. 1496/802, FV
213.47 crore on a turnover of Rs.
Rs. 10.
2387.75 crore for FY16 H1 against net
Larsen & Toubro (BSE Code
profit of Rs. 170.99 crore on a turn-
500510) :- This well diversified engi-
over of Rs. 2345.34 crore for corre-
neering company having business in
sponding previous period. For the fis-
IT, Infra, Finance etc. has (on a con-
cal 2014-15 it has posted net profit of
solidated basis) posted net profit of Rs.
Rs. 302.81 crore on a turnover of Rs.
1602.09 crore on a turnover of Rs.
4539.85 crore. As on 30.09.15, equity
43645.39 crore for the FY16 H1
capital of Rs. 58.44 crore is supported
against net profit of Rs. 1828.64 crore
by free reserves of Rs. 2410 crore
on a turnover of Rs. 40134.10 crore
plus. Scrip may be considered at de-
for corresponding previous period.
clined level for long term. It currently
quotes around Rs. 1295.80 against 52 (Cont. on P. No. 12)
Smart Tips
Smita N. Zaveri
Lakshmi Vilas Bank (Rs. 84.00) (Code: 534690) :- Having face-
value of Rs. 10, shares of B group-listed Lakshmi Vilas Bank touched a high
of Rs. 111 and low of Rs. 63 in the last 52 weeks. The bank has 411 branches
in 16 states and one UT, and also has a network of 820 ATMs. The bank has
reported very encouraging performance for the September quarter and the
first half of the financial year. For the quarter, it reported revenues of Rs. 634
crores and net profit of Rs. 45 crores. Gross NPA declined to 1.89% while net
NPA fell to 1.10%. For the first half, its income rose 16% to Rs. 1,199 crores,
while net profit soared 43% to Rs. 85 crores. The book-value of the share is
Rs. 91, which is higher than the current price. The stock is trading at a low PE
multiple of 9. Considering its strong asset quality, the stock can be seen mak-
ing fresh highs above Rs. 100 in the short to medium term.
Kolte Patil (Rs. 166.00) (Code: 532924) :- The shares of this B
group listed real estate company have face-value of Rs. 10. The share touched
high of Rs. 240 and low of Rs. 136 in the last 52 weeks. Kolte Patil is engaged
in the business of development of residential, commercial and IT parks. It
also provides project management services for real estate projects. It has
developed more than 10 million square feet space in 48 projects in Pune and
Bangalore. It has acquired 100% stake in SPV Corrolla Realty, which is de-
veloping property over 80 acres at Waghali in Pune. It is focusing more on
middle class housing. For FY 2015, it reported net profit of Rs. 65.33 crores.
Its debt equity ratio is 0.45: 1, which is the lowest in the sector. Financial
institutions have increased their stake to 12.15%, while FIIs have hiked it to
12%. The stock is trading at a PE multiple of 22 and is likely to be re-rated.
Dish TV (Rs. 98.00) (Code: 532839) :- The shares of this A group
listed broadcasting and cable TV company have face-value of Re. 1. In the
last 52 weeks, the share touched a high of Rs. 121 and low of Rs. 56. Dish TV
has presence in close to 9,000 towns with 1,685 distributors and more than 2
lakh dealers. Company's subscriber base has been going up. It has added
3.38 lakh subscribers in the last quarter. For the September quarter, it has
reported net profit of Rs. 89.96 crores on a consolidated basis. It had re-
ported loss of Rs. 14.19 crores in July-September quarter last year. For the
quarter under review, Dish TV's income increased 15.77% from Rs. 650 crores
to Rs. 752 crores. For the first half of the fiscal, it has made net profit of Rs.
141.17 crores, compared to loss of Rs. 29.16 crores. In the last year, FIIs
have increased their stake in the company by 790 basis points to 19.76%.
Domestic institutions have increased their stake to 4.01%. The stock can be
seen outperforming in the coming quarters.
Finolex Cables (Rs. 239.00) (Code: 500144) :- The shares of this
other electrical equipment maker are listed in the A group and have face-value
of Rs. 2. The share touched a 52-week high of Rs. 306 and low of Rs. 214.
From being a B2B company, it is shifting to B2C model. It has launched new
products in lighting and switchgear segment, and is also foraying into manufac-
turing of fans with an investment of Rs. 125 crores. It is expected to benefit
significantly from the central government's policy to encourage housing sector.
For September 2015, it reported net profit of Rs. 65 crores on income of Rs.
605.41 crores. Promoter holding in the company is 35.86%, FII holding 7.54%,
DII holding 7.94% and public holding is 41.66%. Funds such as Franklin, Reli-
ance and DSP Blackrock hold large number of shares. Company's equity is
Rs. 13.59 crores, net-worth Rs. 1265 crores, debt Rs. 51 crores, and market
cap Rs. 3682 crores. As against sectoral PE of 24, the share of Finolex Cables
is trading at a forward PE multiple of 14.8 and is attractively priced.
Redington India (Rs. 115.00) (Code: 532805) :- The shares of
this commercial trading and distribution segment company have face-value
of Rs. 2. The share touched a high of Rs. 147 and low of Rs. 91. Redington
provides supply chain solutions to leading IT, telecom and consumer electri-
cal products companies. The company's financial performance has been weak,
but analysts are bullish due to fast improvement on operational levels. Re-
cently, Redington's subsidiary Redington Gulf FIE bagged Apple distributor-
ship for Gulf nations. For FY 20140-15, it reported income of Rs. 12,021 crores
and net profit of Rs. 182 crores. Promoter holding in the company is just
13.33%, while FIIs hold 36.89%, DII holding is 15.94% and public holding is
33.84%. Funds such as Reliance, IDFC, SBI and ICICI hold shares of
Redington India. The e-commerce boom and government's plan to imple-
ment GST could lead to re-rating of the stock.
* 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 / omis-
sions o All disputes are subject to Ahmedabad jurisdiction.
 DIPAWALI ISSUE-2015
16

Postal Regd. No. GAMC

Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
India is the best among Acche Deven R. Choksey - Managing Director
KRChoksey Investment Managers Pvt Ltd

emerging economies Mr. Deven Choksey is the promoter of KRChoksey

Since last Diwali, India has indeed emerged as a sweet

spot among global markets. With developed economies
as well as China struggling for growth and other emerging
economies coming under pressure due to falling commod-
ity prices, India has stood out as a key beneficiary of
cheaper commodities on one hand and a reformist, ac-
tion-oriented government on the other.
Not surprisingly therefore, India has significantly out-
Din' come ?
Dear Investors,
Greetings from the KRChoksey
family.
The new Samvat Year is begin-
ning with lots of promises, particularly
for India.
When I communicated in this col-
Group & the Managing Director of KRChoksey Shares and
Securities Pvt. Ltd. KRChoksey has been a respected and
distinguished name in the Indian capital markets, for over
three decades. He carried the vision of transferring stock
brokerage business into wealth management practice. To-
day, KRChoksey runs twin integrated platforms under
wealth management and transaction based services.
people in the country for 'Acche Din', 'Acche Din', an analysis with details,
and they ask when will these 'Acche and the way I visualize them unfold-

- 1703/2015-17.
performed other major emerging markets such as Brazil and Russia. The Sensex umn last year, there was an undertone Din' come? With the opposition play- ing!
has appreciated ~30% in dollar terms over the last two years, while the Rus- of hope - hope from the new leader in ing opportunistic politics and media The blue print of 'Acche Din' is in
sian and Brazil benchmark indices have lost ~40% and ~50% in dollar terms. A PM Narendra Modi! Today as I com- joining the chorus, it is more of loud the $ 1 trillion of investment program
major encouraging factor behind this outperformance is the increasing maturity municate with you, I find validations noise rather than any constructive dia- announced by the NDA Government
and depth of our markets. Domestic inflows have remained strong, even offset- on most of the views expressed then. logue! in 1 year of their coming to power. This
ting the decline in foreign flows recently. This reflects the strong optimism and However, there is a huge cry from I am presenting the A-B-C-D of government looks like putting words
conviction amongst domestic retail investors about the India story! in action, evident from these figures,
The outperformance is testimony to our improving macros : our twin which are far more assuring rather
deficits continue to shrink, lower inflation is resulting in falling interest rates and than the hollow noise being created!

issued by SSP Ahd. Valid up to 31-12-2017

the currency has remained relatively stable. Despite a 125bp cut in interest I invite your attention to the 2 Cs,
rates by the RBI in CY2015, the full effect of these cuts is only now being which are primarily responsible for
transmitted by banks and while this has delayed corporate earnings recovery bringing A of Acche Din….
by few quarters, but in my view, going forward, improvement in earnings should 1) Crude Oil : With an expected sup-
gather steam. Also with the declining inflation trajectory, the RBI has enough ply of crude oil in abundance in 2016,
headroom to cut interest rates further by at least 50-100bp, so decline in inter- we can expect the price of crude oil will
est rates is an important trigger that will continue to play out in coming quarters stay in the range of $ 40-50 per barrel;
in my view. All the macro improvements coupled with a strong stable Govern- 2) Currency : Fall in the crude oil
ment with effective leadership at the helm, have placed India in a position from prices could result in savings in the
where not just a year or two but the forthcoming many years look filled with value of Currency as it prevents INR
potential to scale new highs. Led by these fundamental developments, we ex- from depreciating against other cur-
pect the pace of earnings growth to pick up going forward and remain positive rencies of the world
on stocks within the BFSI and Automobiles space. Post the election rally last Infact, with Crude Oil and Cur-
year, there has been a reality check with strong preference towards quality. So rency playing to India's advantage, all
companies in commoditised sectors facing huge global over-supply will remain other factors like:
in the negative list for us.
(Cont. on P. No. 14) (Cont. on P. No. 14)
Market should do really well All Eyes on the Fed this year
in the coming Samvat year From the last Diwali
to the closing on 4th No-
vember, our markets
CA Yamal Vyas have not made any
Ahmedabad money for the investors.
Yamal Vyas has contributed in The Nifty is up just
0.32% for the year.
business journalism in a big way by
Among the Global indi-
regularly writing a column in
ces, we have grossly V. K. SHARMA
business magazines. He is a Chartered Accountant under performed. China
by profession. He is regularly contributing in ‘Dalal (HDFC Securities)
is up 50% from the last
Head - Private Broking
Street.’
The Samvat year is drawing to a close and the Diwali, the Nikkei is up
25%, the Dax a good &
market is quite disappointed. The expectations of Wealth Management
big bang reforms and magical improvements in the 19.8% and S&P 500 a
economy have not been realized. But, the fact re- reasonable 7.7%. As we write the world is in a
mains that the present Narendra Modi government global slowdown. International trade is falling.
has done more work for strengthening the economy Countries are fighting currency wars. Europe,
in 18 months then the previous UPA government Japan and China are easing. However, the U.S.
did in 10 years. (Cont. on P. No. 14) Federal Reserve is flexing its muscles. At the
October FOMC meet and in her testimony before
Top 10 Stocks the financial services committee on 4th Novem-
ber, Yellen has firmly out a December rate hike
Coal India, SBI, Bhel, Titagarh Wagons, on the table again. The Fed has pre-stated tar-
IOB, Jain Irrigation, Transpack gets of near full employment and an inflation tar-
Nalco, ONGC, Bank of Baroda get of 2%, (Cont. on P. No. 14)
Hello Samvat 2072 ! Put 70% of your money
Bets on banks, infra in equity for Samvat 2072
The Indian economy is in
The new Samvat promises a sweet spot with consumer
a smart acceleration in earn- demand picking up gradually
ings, which will in turn lead to and the investment cycle likely
healthy market performance, to take off in the latter half of
Motilal Oswal
says Motilal Oswal, Chairman this financial year, says Pankaj
CMD & Managing Director, Motilal Pandey, head of research,
Motilal Oswal Oswal Financial Services. The
ICICIDirect. he projects
Fin. Services macroeconomic stability Sensex earnings to grow 13.2 Pankaj Pandey
achieved in the last two years has been quite im- per cent and 18.5 per cent in Head of Research
pressive. India has not only capped current account FY16E and FY17E to Rs ICICIdirect
and fiscal deficits, even the progress on the infla- 1,539 and Rs 1,838, respectively, thus lifting Sensex
tion front has been remarkable. India might be en- to 30,300 by October 2016. With a decline in global
tering an era of low inflation and high real GDP commodities aiding government's fiscal position and
growth, which is the most optimal economic sce- corporate earnings on a frontloaded basis, it would
nario for any country. The foundations for a strong lead to a pickup in consumer demand and kick in
economic upturn have been put in place. We ex- the investment cycle in the latter half of this finan-
pect earnings growth to accelerate in the next few cial year. We expect Sensex earnings to grow 13.2
quarters leading to healthy market performance. per cent and 18.5 per cent in FY16E and FY17E to
We are looking at a market return of 20 per cent by Rs 1,539 and Rs 1,838, respectively. We assign a
next Diwali and expect Sensex to hit 33,000. PE of 16.5 times on FY17E EPS to arrive at a fair
RBI has cut interest rate cumulatively by 125 value of 30,300 by October 2016 with Nifty reaching
basis points this calendar. We are positive on the 9,100 level. Our muhurat Picks are :- ITC, Bajaj
interest rate-sensitive sectors like banks, infrastruc- Finance, Kajaria Ceramics, Syngene International,
ture, and automobiles. Symphony, PNC Infratech,
(Cont. on P. No. 14) (Cont. on P. No. 14)
8th November to 21st November 2015

Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur,
Ahmedabad-380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellisbridge, Ahmedabad. Editor : Dilip K. Shah