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United Breweries (Rs. 1435.00) Super Crop Safe Limited a pan India player with significant
responsible for any legal or financial losses made by
anybody.
S
S M
MAARRTT
INVESTMENT
INVESTMENT
28th April to 4th May 2019
28th April to 4th May 2019
3
Techno Funda Sachin Shah
(Mumbai)
Stocks to be considered for investment
stock from the current level. However,
sound stocks SME stocks are giving good
E
returns. It is needed to invest in it will not take much time to get traded
SM
the SME stocks with strong fun- in three figures. It came up with IPO at
ONGC LTD (500312 & NSE) (168) (FV 5) price of Rs63 and got listed at Rs64
Maharatna ONGC is the
largest crude oil and natural
gas Company in India, con-
damentals for long term.
Ushanti (Rs.64.00) (NSE)
(Market Lot Si ze: 2000
Stocks Dilip K. Shah on April 3, 2018. During 52 week, the
stock went up to Rs68. It can be in-
vested from long term correction point
shares) :- Ushanti Colour Chem its income. It exports its products in
tributing around 70 per cent of view.
to Indian domestic produc- Ltd is Gujarat-based company set 16 countries like UK, US, Argentina,
China and Korea. The stock got
Marine Electricals
tion. Crude oil is the raw ma- up ti 1973. It production and trading (Rs.100.00) (NSE SME) (Lot
terial used by downstream of different types of colours and dye- listed at Rs64.20 on August 2, 2018.
companies like IOC, BPCL, stuff. It has got approval for produc- Looking at the fundamentals of the Size: 2000 shares) :- The com-
and HPCL to produce petro- tion of CPC Blue and Cued Dyestuff, company, it can be said that it may pany was set up in Mumbai in 2007.
leum products lik e Petrol, which is witnessing higher demand. get traded in three digits. It has been It provides electrical solutions in ma-
Diesel, Kerosene, Naphtha, and Cooking Gas-LPG. ONGC Videsh is a The company's portfolio includes in consolidation zone of 46 to 74 af- rine and non-marine sectors. It has
wholly owned subsidiary of Oil and Natural Gas Corporation Limited Synthetic and Organic Dyes, Cop- ter bullish trend. relations with Schneider and Si-
(ONGC). ONGC Videsh has participation in 41 projects in 20 countries per Phthalocyanine, Blue Cued, etc. Benara Bearings (Rs.23.00) emens. It has a manufacturing unit
namely Azerbaijan, Bangladesh, Brazil, Colombia, Iraq, Israel, Iran, The products are mainly used in (Code:541178) (Lot Size: 2000 in South Goa. It came up with IPO at
Kazakhstan, Libya, Mozambique, Myanmar, Namibia, Russia, South Sudan, price of Rs66 and got listed on Oc-
Sudan, Syria, United Arab Emirates, Venezuela, Vietnam and New Zealand.
textile, garments, cotton, leather, ny- Shares) :- It's time to average out in
lon, paper, wool, ink, wood and plas- tober 11, 2018 at price of Rs66.
ONGC Videsh maintains a balanced portfolio of 15 producing, 4 discov- this SME Counter. The company with
tic industries. It is paying attention Since then the stock prices have
ered/under development, 18 exploratory and 4 pipeline projects. ONGC is annual profit of 3.5 crore is a name of
on Turquoise Blue Dyestuffs and pig- gone up to Rs112. The stock can be
having 71.62% stake in MRPL & 51.11% stake in HPCL also. repute in bearing and piston segment.
ments. Export accounts for 54% in considered from long term invest-
9MFY19 9MFY18 The downsize seems limited in this
ment.
Sales 82896.09 cR. Income 61034.27 Cr.
L&T Info. : With or Without MindTree, growth will continue
PAT
Sales Growth
22671.19 crore PAT
35.82% PAT Growth
14030.14 Cr.
61.59% M&M Finance Q4 net profit up 87 per cent Smart Best
Technical Observations : ONGC Ltd currently trades at 168. The 52
week high/low for the stock are 192/127.60 respectively. The stock has
formed a double bottom at 127.60 earlier this year on monthly charts
AU small Finance Bank : Net Inerest Margin up 83 per cent
HDFC Bank’s Q4 up 23%, as usual
Buy S. N. Zaveri
taking support at the low of 2016 and started rising gradually over the last The board has recommended a divi- sides impressive Q4 financial perfor-
3 months to current market price of 168.The stock is now sizably 30%
L&T Infotech (Rs. 1709.00) mance, analysts said, easing of liquid-
: L&T Infotech’s industry beating dend of Rs 4 or 200 per cent per share
above the 52 week low and trading above its 5,10,20,50,100,200 day and also a special dividend of Rs 2.50 ity concern for the NBFC sector fol-
growth is expected to continue. L&T lowing the dovish stance of the RBI
simple and exponential moving averages moving averages on daily chart. aggregating Rs 6.50 per share of the
Infotech’s long client list includes 63 has revived the sentiment for the
Coming to indicators the ADX, MACD and parabolic SAR have all face value of Rs 2 each for the financial
Fortune Global 500 companies. Due stock. For the Q4, the bank’s profit
triggered a buy signal on daily chart and weekly charts. We recommend year ended March 31, 2019.The spe-
to its focus on large deals, it also grew 42 per cent at Rs.118 crore yoy.
buying the stock and adding on dips with target of 212 achievable within cial dividend is being recommended in
boasts of higher revenue per client Net interest margin surged 83 per
the next 12 to 15 months. the light of successful completion of 25
compared to peers. Due to its strong cent to Rs.851 crore. Besides, its
ADANI PORTS (532921 & NSE) (391) (FV 2) position, L&T Infotech’s ranks higher years of the company's business op-
assets under management and loan
than its mid-cap peers on metrics erations. There might be some more
Adani Ports and Special dis burs ements also saw healthy
such as return on capital employed, positives in this year. Buy.
Economic Zone (APSEZ), a growth. With the higher base and re-
part of globally -div ersified Ebitda margin, etc. Ebitda stands for AU Small Finance Bank
cent slowdown in auto industry, AU
Adani Group, is the largest earnings before interest, tax, depre- (Rs. 638.00) : AU Small Finance Bank’s growth is likely to be impacted
port developer and operator ciation and amortisation. Analysts Bank has turned attractive for ana- in the near term. On the liability front,
in India. In less than two de- have started getting bullish on L&T lysts once again. In the last one month, it has successfully scaled up its de-
cades, the company has built Infotech because the recent correc- it surged 8.8 per c ent against posits and replaced the high-cost bor-
a formidable presence in port tion has brought down its valuations Sensex’s return of 2.33 per cent. Be- rowings. Invest.
infrastructure and services. to attractive levels. Though L&T
APSEZ's 10 strategically lo- Infotech counter will remain under
cated ports and terminals - Mundra, Dahej, Kandla and Hazira in Gujarat,
Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh,
pressure in the short term—till there
is clarity on its Mindtree bid—the cur-
TECHNICAL TALK -Dhananjay Kadam
and Kattupalli and Ennore in Chennai - represent 24% of the country's total rent low valuation offers a good en- TECHNICAL ANALYST, M. 7588622374
port capacity, handling vast amounts of cargo from both coastal areas try point. Even if bid fail, the com-
and the vast hinterland. The company is also developing a transhipment pany will continue organic growth.
Buy.
Stocks for Handsome gains
port at Vizhinjam, Kerala. In last article, had given a short sell call on Indiabulls housing finance. It
Q3FY19 Q3FY18 HDFC Bank (Rs. 2275.00) achieved the target within the timeframe. Other calls are open.
Sales 2823.91 crore Income 2688.85 crore : HDFC Bank’s Q4 net profit grew by
22.62 percent year-on-year to Rs
MCX : (Last close Rs 839)
PAT 1408.60 crore PAT 994.07 crore
Sales Growth 5.02% PAT Growth 41.70% 5885 crore, driven by growth in its :- Multi Commodity Exchange of India
net interest income and by growth in Limited (MCX) operates an electronic
Technical Observations : Adani Ports trades at 391. The 52 week high/
its operating income. Net interest in- commodity futures exchange.
low for the stock are 415.65/292.10 respectively. The stock consolidated in a
come increased 22.8 percent to Rs Due to some internal management
range between 446 and 292 between 2017 and 2019 and is now breaking out
13,089 crore driven by average as- problems, from Oct 2016 it was con-
of the falling channel suggesting strong upside from current levels. The stock
set growth of 19.8 percent and a core stantly started downmove from Rs
is trading above its 5,10,20,50 and 200 day simple and exponential moving
net interest margin for the quarter of 1400. In the year 2018, in the months
averages. Coming to indicators the ADX and parabolic SAR have triggered a
4.4 percent. HDFC Bank registered of Jan, March and in Oct , March 2019 it took good support around Rs 650.
buy signal on daily chart and weekly and super trend is in buy mode on
a healthy credit growth of 24.5 per- From that points, it gave a good vertical upmove i.e upto Rs 820. It was later
monthly chart. We recommend buying the stock at CMP and adding on dips
cent in Q4 with the total loan book at in consolidation for 4-6 weeks. On Daily chart - 26/04/19', It gave a fresh
with target of 515 achievable within the next 21 to 24 months.
Rs 8,19,401 crore. This was well bullish flag breakout with more than 4 times increase in volume as com-
HCL Techno (532281 & NSE) (1138) (FV 2) above system growth of 13.24 per- pared to previous trading session. As per this pattern, one can buy MCX for
HCL Technologies is a next- cent. Deposits grew at the pace of a price target of Rs 910-930. It gave good move so, it may correct due to
generation global tec hnology 17 perc ent over last year at Rs profit booking. Keep a stop-loss of Rs 814 on daily closing basis. Time
company that helps enterprises 9,23,141 crore, as compared to the frame is 25-30 days.
re imagine their businesses for growth of 10 percent in the banking HCL Tech : (Last close
the digital age with technology system. Liquidity coverage ratio was Rs 1140) :- HCL Technologies
produc ts , serv ic es and engi- at 118 percent. Operating income Limited is engaged in providing a
neering built on four decades of climbed 22.7 percent to Rs 10,843.6. range of software development
innovation. With a worldwide net- The bank's capital adequacy ratio s ervices, busines s proc es s
work of R&D, innovation labs and improved to 17.1 percent as on outsourcing services and informa-
delivery centers, and 132,000+ ideapreneurs working in 44 countries, March 31, 2019, from 14.8 percent a tion technology infrastructure ser-
HCL serves leading enterprises across key industries, including 250 of year ago.For the financial year 2018- vices. HCL Tech had given a good
the Fortune 500 and 650 of the Global 2000. Company has an integrated 19, the bank registered a 20.5 per- vertical upmove from Rs 1010 to
portfolio of products, solutions, services, and IP through Mode 1-2-3 strat- cent year-on-year growth in net profit Rs 1133 from 26/03/19' to 03/04/
egy built around Digital, IoT, Cloud, Automation, Cyber security, Analytics, at Rs 21,078.1 crore and its net in- 19'. Later it was in good consoli-
Infrastructure Management and Engineering Services, amongst others, to terest income increased by 20.3 per-
dation for the next 15 days. On 26/04/19', it gave a fresh breakout with good
help enterprises re imagine their businesses for the digital age. cent to Rs 48,243.22 crore. Buy at
buying volumes. It has formed a bullish flag pattern on daily charts. As per
decline.
Q3FY19 Q3FY18 the pattern, one can buy for a price target of Rs 1210. Stop-loss would be
Income 15699 crore Income 12809 crore M&M Finance (Rs. 413.00) : Rs 1112 on daily closing basis. Time frame is 1 month.
PAT 2605 crore PAT 2075 crore Mahindra Finance has reported an 87 Nifty - (Spot Last close
Income Growth 22.56% PAT Growth 25.54% per cent rise in net profit to Rs 588 crore
for the fourth quarter ended March 11,755) :- NF from 29/03/19' is
Technical Observations : HCL Tech currently trades at 1138. The trading above the range of 11,535.
2019. The company's standalone net
52 week high/low for the stock are 1169.85/880.05 respectively. The stock It made a high of 11,856. In the last
profit had stood at Rs 314 crore in the
consolidated in a range between 704 and 1125 between 2014 and 2019 one month, NF went down on many
corresponding quarter a year ago. To-
and is now breaking out of the range suggesting strong upside from cur- occasions, however it didn't broke
tal income increased to Rs 2,480 crore
rent levels. The stock is trading above its 5, 10,20, 50 and 200 day simple 11,535. It acted as good support.
as compared with Rs 1,808 crore in the
and exponential moving averages. In the coming week, there are good
year-ago quarter. Strong recoveries and
Coming to indicators the ADX, MACD and parabolic SAR have all chances and it seems NF will not
provisioning write back of Rs 115 crore
triggered a buy signal on daily chart, weekly and monthly charts. We break support of 11,535. Also in
resulted in gross NPA improving by 180
recommend buying the stock at 1139 with target of 1600 achievable within
basis points sequentially to 5.9 per cent. May series, there are good chances of upmove and new highs on NF.
the next 21 to 24 months.
Postal Regd. No. GAMC - 1703/2018-2020 issued by SSP Ahd. Valid up to 31 December 2020
Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124 Market consolidates amidst volatility
w w w. c h a r t s a n k e t s t o c k . c o m Derivatives expiry week marks flat but divergent closing
Double-sided volatility can be there in Stocks April derivatives expiry week moved in the range of 11796.75 -
May 3 to 7 will be important turning days turned a highly volatile week with both
side movements amidst consolida-
Expert’s Eye 11564.80 and 39262.22-38518.26 for
NSE Nifty and BSE Sensex respec-
BSE Index (39067.33) :- It has come down to 38158.26 and now it is
improving. It shows towards oversold position on daily basis, while over-
tion. However, the week closed flat Dilip Davda tively.
but with divergent trends. Boiling For the week, indices marked
bought position on weekly and monthly basis. May 3 to May 7 can be gain e-mail : dilip_davda@rediffmail.com net weekly GAINs of 1.85 points for
crude and weakening rupee raised
turning days. On upward movement, beyond 39290 it may witness resisting NSE Nifty and loss of -72.95 points
concern while US sanction on Iran opening and also the closing.
level at 39488 and beyond that it could go up to 39520 and 39770. On the for BSE Sensex amidst consolida-
turmoil India's oil buying plans. Ironi- As can be seen from the table
downward movement, weakness can be considered below 38765 and 38518. tion mode.
cally the week marked divergent above, during the week , indic es
Nifty Future (11808.70) :- After reaching 11573.50 level it shows im- With divergent start on Monday,
provement. It shows oversold position on daily basis, while overbought to
towards neutral position on weekly basis and overbought position on monthly
Dividend announcement market turned panicky post noon to
AU Small Fin (7.5%), Alicon Cast (100%), Ashika Credit (10%), HDFC Bank lose heavily at the close. While NSE
basis. On upward movement, beyond 11380 it may go up to 11859, 11905 Nifty opened lower and closed at
and 12015. On the downward movement, below 11700 it may indicate weak (750%), Indag Rubber (75%), Lux Ind (175%), Mahindra Life (60%), Sacheta
Metals (2.5%), Sadhana Nitro (25%), Swaraj Engines (250% + 250%), Tata Cof- 11594.45 with a loss of 158.35 points,
position at 11670. BSE Sensex opened
Bank Nifty Future (30145.15) :- After reaching 29426.60, it shows fee (150%), Tejas Network (10%), VTM (90%), Bharat Seats (50%), Coroman-
improvement. It shows towards oversold position on daily basis, overbought del Intl (350%), ICICI Securities (114%), Nucleus Soft (90%), Sasken Techno (Cont. on P. No. 6)
to towards neutral position on weekly basis and overbought position on (75%), Sterlite Techno (175%), Tata Global (250%), Agro Tech Food (25%),
monthly basis. On upward movement, beyond 30340 it may go up to 30340, Benaras Hotels (150%), Hexaware Techno (125%), ICICI Prudential (15.5%), Ex-Bonus
30485, 30655 and 30723. On the downward movement, below 29970 indi- Indiabulls Housing (500%), M & M Fin (200% + 125%), Shriram City Union Indo US (1 for 4)
cate weak position. (160%), Syngene Intl (5%), Tata Elxsi (135%), UltraTech Cement (115%), Apcotex
Axis Bank (759.90) :- It shows downward movement from top of 787.65. Ind (150%), Axis Bank (50%), Biocon (20%), Cyient (180%), GHCL (50%), Right Issue announcement
It shows oversold position on daily basis, overbought to Indiabulls Ventures (50%), Maruti Suzuki (1600%), MCX (200%), Nestle (230%), Ishan Dyes (46 for 100)
(Cont. on P. No. 6) Oriental Hotels (50%), Rallis India (250%), Tata Steel (130%), Wendt (150%),
Atul Ltd (150%), Carborundum Uni (125%), Deltron (65%), HDFC AMC (240%), Bonus announcement
Golden quote :- A creative man is motivated by the Hero MotoCorp (1600%), Piramal Enterprise (1400%), Supreme Petro (20%), Syngene Intl. (1 for 1)
desire to achieve, not by the desire to beat other Yes Bank (100%) etc. Biocon (1 for 1)
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, Ellis bridge, Ahmedabad. Editor : Dilip K. Shah
S
S M
MAARRTT
INVESTMENT
INVESTMENT
28th April to 4th May 2019
28th April to 4th May 2019
9
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