e-copy

RNI No : GUJENG / 2008 / 24320

GAMC No. :1703/2012-14. Issued by SSP Ahd. Valid up to 31-12-2014

2121212121ststststst July to 27 July to 27 July to 27 July to 27 July to 27ththththth July 2014 July 2014 July 2014 July 2014 July 2014

Only Financial Weekly Published in English & Gujarati:: Shree Ganeshay Namh ::

VOL : 7 • Issue No: 22○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

Page34

Caution: Please note that your copy/access to our website is for your exclusive use only. Any attempt to share youraccess to our website or forwarding your copy to a non-subscriber will disqualify your membership and we will be

compelled to stop your supply and forfeit your subscription thereafter without any refund to you.

Most Popular Webstie for the Stock Market Investors

www.smartinvestment.in

Please send your Subscription as early as possible if you want to read or downloadthese 34 pages E-mail Edition of Smart Investment (Financial Weekly)

Click on our previous Edition of Smart Investment for Free Sample (Demonstration)For More Detail E-mail to: [email protected]

Warning: Your soft Copy (E-mail Edition) is for your exclusive use only. Any attempt to share your copy orforwarding your copy to a non-subscriber will disqualify your membership & we will be compelled to stopyour supply and forfeit your subscription thereafter without any refund to you.

Jatin Sanghavi(Mumbai)

(M) 098205 26455

[email protected]

Market Scan

Market Pulls BackMarket Pulls BackMarket Pulls BackMarket Pulls BackMarket Pulls BackBut Still not out of the WoodsBut Still not out of the WoodsBut Still not out of the WoodsBut Still not out of the WoodsBut Still not out of the Woods

Support level Holds :- Sensex bounced back from a low of 24892, just above the support of an

intermediate bottom of 24878. Thus this Support at 24878 holds great significance and the Cor-

rection will resume only if this Support gets breached. But the question mark still remains about

the resumption of Uptrend as the Weekly Bearish Engulfing completed last week has still not been

negated. This will get negated only if Sensex closes above 26190 and Nifty above 7808.

Technically Speaking :- Sensex opened the week at 25093, made a high of 25713, low of

24892 and closed the week at 25641. Thus it closed the week with a gain of 617 points. At the

same time the Nifty opened the week at 7469, made a high of 7685, low of 7422 and closed the

week at 7663. Thus the Nifty closed the week with a gain of 204 points.

Both the indices have completed a Bullish Harami on the weekly charts. But a Bullish Harami

2121212121ststststst July to 27 July to 27 July to 27 July to 27 July to 27ththththth July 2014 July 2014 July 2014 July 2014 July 2014 2SMARTI N V E S T M E N T

Rec. Name CMP SL TGT-1 TGT-2

Buy Petronet 186 181 194 203

Buy Axis Bk. 1995 1963 2041 2089

Buy A.B. Nuvo 1428 1400 1470 1515

Buy IDFC 163 158 171 180

Buy Apollo Hos. 1086 1065 1118 1152

This Weeks Recommendations

S3 S2 S1 Close R1 R2 R3

NIFTY 7360 7441 7563 7663 7755 7860 7974

SENSEX 24587 24892 25347 25641 25999 26264 26587

:::: INDEX LEVELS ::::

Last Weeks RecommondationStocks Reco.Price TGT Reached Lot Size Profit

Sell SBI 2425 2364 2366 125 7375

Sell Siemens 855 826 841 500 7000

Sell HPCL 377 352 372 1000 5000

Sell Syndicate Bk. 142 136 138 2000 8000

Sell Ambuja Ce. 214 208 212 2000 4000

Total : 31,375

Buy Petronet LNG : 186SL 181 ; TGT 194-203

pattern can form at the bottom and not at the top of

a trend; hence that cannot be the case here. So the

follow up to the Bearish Engulfing which got com-

pleted a week before, was missing as this week

formed a white body candle. Thus the bearish im-

pact of the Bearish Engulfing will be negated only

when both the indices close above the top of this

pattern which is above Sensex 26190 and Nifty

7808. Also both the indices formed a small white body candle on the daily charts in line with the

ongoing pull-back. Thus Candlestick pattern study indicates turbulence in the short term.

Correction will resume only if Sensex closes below the level of 24878. If that is to happen, one

needs to consider the rally from low of Sensex 22277 and Nifty 6628. The relevant Correction

levels are 24695-24233-23771 for the Sensex and 7361-7223-7085 for the Nifty. On a higher

timeframe, we need to consider the rally from low of Sensex 19963 and Nifty 5933. The relevant

Correction levels are thus placed at Sensex 23811-23076-22341 and Nifty 7092-6871-6649.

The 38.2% Retracement level of the immediate correction (Sensex 24695 and Nifty 7361) and

an intermediate bottom (Sensex - 24644 and Nifty 7360) are forming a confluence zone. Thus

Sensex 24695-24644 and Nifty 7361-7360 will act as strong Support zone. A breach of this Sup-

port zone will turn the medium term trend down.

On a higher scale, a very strong Support zone is formed between Sensex 23811-23729 and

Nifty 7092-7067. This is a result of confluence of 38.2% Retracement of the higher rally (Sensex -

23811 and Nifty 7092), 61.8% Retracement of the immediate rally (Sensex - 23771 and Nifty

7085) and the start of the intermediate Bullish Rising Gap (Sensex 23729 and Nifty 7067). The

long term trend will continue to remain bullish as long as this Support zone is held.

Last week, both Sensex and Nifty completed a Bearish Rising Wedge pattern when Sensex

closed below 25450. This is a leading Bearish Reversal pattern which suggests that the Sensex is

now headed towards a target of 24231 and Nifty 7180. This target is still intact and will remain

valid till Sensex remains below 26190 and Nifty below 7808.

This week both Sensex and Nifty once

again reclaimed the short term average of

20dma (Sensex - 25447 and Nifty - 7600).

Besides, they both continue to remain above

the medium term average of 50dma (Sensex


- 25021 and Nifty - 7472) and the long term average of 200dma (Sensex - 22119 and Nifty - 6592).

Thus the trend in the short term timeframe has turned bullish, while that in the medium term and

the long term timeframe continues to remain up.

MACD and ROC both continue in Sell mode. RSI (58) has moved above the equilibrium line

and hence indicates bullish momentum. Stochastic Oscillator also continues in Buy mode as %K

(57) is above %D. The MFI (53) has also turned positive by moving above the centerline, suggest-

ing positive money flow. OBV continues in Sell mode by forming lower top lower bottom formation.

ADX has reduced to 30, indicating the uptrend is still intact but its strength has reduced. At the

same time Directional Indicators continue to remain in Buy mode as +DI remains above -DI. Thus

Oscillators are giving mixed signals; hence expect volatility in the short term.

Options data suggests that the market is expecting a trading range between 7500 and 7800.

Friday saw strong buildup at 7700 Call which indicates strong resistance there.

For the week ahead, Sensex will find Support at 25347-24892-24587 and will find Resistance

at 25999-26264-26587.

For the week ahead, Nifty will find Support at 7563-7441-7360 and will find Resistance at 7755-

7860-7974.

Last Week Sensex, Nifty & MovesS&PBSE Open High Low Close Diff

14/07/2014 25,093.16 25,095.76 24,892.00 25,006.98 -17.37

15/07/2014 25,100.90 25,254.48 25,020.32 25,228.65 221.67

16/07/2014 25,322.17 25,602.78 25,246.75 25,549.72 321.07

17/07/2014 25,540.92 25,613.03 25,494.46 25,561.16 11.44

18/07/2014 25,558.48 25,713.40 25,441.24 25,641.56 80.40

Net Weekly Rise 617.21

NSE / Nifty Open High Low Close Diff

14-Jul-14 7469 7478.45 7422.15 7454.15 -5.45

15-Jul-14 7491.3 7534.9 7459.15 7526.65 72.5

16-Jul-14 7564.15 7640.1 7532.45 7624.4 97.75

17-Jul-14 7612.7 7655.65 7612.7 7640.45 16.05

18-Jul-14 7630.25 7685 7595.5 7663.9 23.45

Net Weekly Rise 204.3


Sameet ChavanTechnical Analyst

Angel Broking(Mob. : 98199 965036)

Trade with proper exit strategyTrading for the week began marginally higher over the previous week's closing, considering a

quiet trading mood across the globe. After 3 - 4 days of continuous sell-off, the bears took abreather on Monday resulting in the Nifty oscillating within a narrow range throughout the session.The price movement in the following two trading sessions was quite identical where the Niftyopened higher and immediately corrected to fill the morning 'Upside Gap'. This gap filling activitywas followed by a sharp rally in late trade, which led the index to close with decent gains on boththe occasions. Trading on Thursday was muted as the Nifty traded within a narrow range, butmanaged to maintain its positive bias. The concluding session of the week opened lower on theback of negative global cues and immediately corrected by more than half a percent during theinitial hour. However, we observed a gradual recovery throughout the remaining session, leadingthe Nifty to end the week on a positive note. On the sectoral front, Banking, Capital Goods andConsumer Durables stocks witnessed a strong rally; whereas the only sector to close in the red ona weekly basis was IT. The Nifty added 2.74%, over the previous week's closing.

The last four consecutive sessions have posted a close well inside the positive territory afterbreaking the crucial support level of 7480 on the Nifty on a closing basis. However, our basic view(in the near term) remains intact as we are interpreting this entire up move as a technical bounce.The price structure on the daily chart remains weak as the previous 'Higher Top Higher Bottom'formation on the daily chart was negated after confirming a close below 7480 (Nifty). Further, the'Bearish Engulfing' Japanese candlestick pattern formed during the previous week is still valid. Atthis juncture, the Nifty is placed precisely at the 61.8% Fibonacci retracement level (7660) of therecent fall from 7808.85 (high on July 08, 2014) to 7422.15 (low on July 18, 2014). Hence, it isconsidered as a strong resistance zone for the index. Considering these technical evidences, wewould advise traders to remain light on positions and trade with a proper exit strategy. However,we would not advise traders to create fresh short position as the current momentum is clearly onthe higher side. The immediate support level on the Nifty is seen at around 7595 levels. Traderscan initiate short positions only if the Nifty sustains below this crucial support level for an immedi-ate target of 7520 - 7460. On the higher side, the possibility of a near term correction will getnegated if the Nifty stays above the 'Budget Day' high of 7731 on a closing basis. In this scenario,the Nifty may continue its upward momentum to test its recent high of 7809.


(Fakhri H. Sabuwala)E-mail: [email protected]

Mixed EmotionsThe PM may be at Brazil attending a BRICS summit and the parliament may be discussing

the budgets both the railways and central. The market in such a scenario goes through themixed emotions and rides like a pendulum even at intra day basis as well as daily .

Shrugging off the data which showed the trade deficit to touch a 11 month high in June, theequity benchmark indices shot up by 1.3% midweek on a sustained buying in the bankingstocks. The market breadth has improved substantially during the week and at times two outof three scrips have risen for most part of the week. the cues from the Europe too werefavourable.

Banking stocks are in the lime light on RBI allowing the lending banks to raise long termbonds to finance infra structure and housing sectors. Almost all the banks participated in therally with ICICI and AXIS taking the lead as their exposure both in infra and housing finance isquite large (project finances 10% of advances and housing 20% of advances.

Stocks in view:IDFC : After reaching an interim high of Rs 164 the stock may be correcting momentarily and

soon it shall gain further ground in coming weeks.

Adani ports : The scrip remains a favorite counter of the traders and investors. Build upof fresh position is witnessed and indicators point at the buy mode. A further rise is inevitablebefore it corrects near its medium term resistance.

JP POWER : the scrip witnessed short covering as well as fresh buying in the cash market.The short term indicators have turned upwards from just above the oversold territory. An upsideis due before the correction.

Federal Bank : The stock which declared more than double net profits at Rs 220 cr in thefirst quarter against Rs 105 cr same period last year. It is also heard that Rare bull (Rakeshjhunjhunwala) has entered the scrip.

Buy... Buy...MTNL 33.00Premier Explosive 164.00Heidelberg Cem. 64.00Ashiana Hsg. 129.00GMR Infra 26.00Bodal Chem. 48.00Manappurm 23.00Chennai Petro 89.00PTC (I) 33.00MRPL 69.00U. B. Holding 41.00

Buy on Deep

HIL Ltd. 491.00Alembic Pharma 336.00Zicom Ele. 117.00Petronet LNG 186.00PVR 657.00Muthoot Fin. 186.00H. T. Media 117.00Monnet Ispat 137.00Kovai Medical 261.00G.M. Breweries 122.00Som Distrileries 219.00

Ultratech Cement 2548.00HCL Techno 1499.00Sesa Sterlite 298.00Hind. Zinc 165.00Hindalco 184.00TCS 2442.00Mind Tree 887.00Balkrishna Ind. 808.00Force Motor 536.00Info Edge 693.00NBDC 454.00

Sell on HighReliance Ind. 976.00Jindal Cotex 19.00Veer Energy 5.39Zee Enter 294.00Rasoya Proteins 17.00Bajaj Auto 2081.00Simplex Infra 310.00Gail (I) 445.00CMC 1899.00Thermax 911.00REC 314.00

Hold


Terrific Shots

AshokaBuildcon (Rs. 152.00) (Code: 533271) :- Modi-government's focus on roadand infrastructure sector is likely to benefit one of the leading BOT road players AshokaBuildcon.The company is known for completing project within deadline and its financial performance hasalso been robust. In March quarter, the company recorded net profit of Rs31.79 crore on turnoverof Rs548.33 crore with EPS of 2.01. In December 2013 quarter, the company had recorded profitof Rs20.78 crore on turnover of Rs353 crore with EPS of 1.31. In FY2013-14, it recorded net profitof Rs103.44 crore on turnover of Rs1557 crore with EPS of 6.55. The company paid dividend of40% last year. The stock prices are likely to cross Rs175 with announcement of June results.

Deepak Fertilizers (Rs. 182.00) (Code: 500645) :- The commodity chemicalscompany is one of the leading fertilizers companies of the country. It operates in three businesssegments - Chemicals, Fertilizers and Real Estate. Compared to last quarter of the previousfinancial year the company's income increased to Rs1070 crore with 62% rise, while operatingprofit increased to Rs165.45 crore with sharp rise of 135% and its adjustable net profit hiked by215% to Rs91.66 crore. The company's chemical segment witnessed income of Rs753 crore with73% growth. The raw materials remained quite stagnant during the quarter. The company hasannounced 55% dividend. Taking into consideration the company's growth, expansion plans, strongbrand and financial performance the stock can be bought with target of Rs250.

Granules India (Rs. 607.00) (Code: 532482) :- Last year was golden year for themidcap pharma company. The company operates in API, PFI and Finished Dosage segment andexports it to around 60 countries. As against equity of Rs20.28 crore, the company has reserves ofRs285.10 crore. Late year the company acquired AuctusPharma and started new R&D facility. InMarch quarter, the company's income increased from Rs178.95 crore to Rs291.84 crore, while itsprofit increased from Rs11.09 crore to Rs26.04 crore with achieving EPS of Rs12.88. In FY 2014,the company's income increased from Rs679.80 crore to Rs11001.68 crore, while its profit in-creased from Rs30.18 crore to Rs81.01 crore with EPS of Rs40.06. The stock is likely to crossRs700.

Adani Ports (Rs. 287.00) (Code: 532921) :-The company has recently receivedclearance from ministry of environment and forest leading to fancy in the stock. It is the largestprivate port and SEZ company of India. In FY2014, the company's income increased from Rs3576.63crore to Rs4823.99 crore, while its profit increased from Rs1623.22 crore to Rs1739.64 crore. Ithas transferred Abot Port to another group company, decreasing the company's debt. Thecompany's Mundra Port is witnessing strong operation and volume is increasing drastically. Asagainst equity of Rs414.01 crore, the company has reserves of Rs8351.28 crore. Mundra Port hascompleted handling of 100 MMT cargo in last year. The Modi government is looking forward todevelop new ports through public private partnership model and Adani is believed to be the frontrunner in this sector. The stock is making higher top higher bottom formation. The stock is all setto cross Rs325 level.


Chart Buster By Talaksi Gosar(Mumbai)

Stock bourses bounce back from post budget bluesPositive start to corporate number season to keep them abreastThe Indian stock markets which had suffered a huge loss of 937 points on the BSE Sensex in

the post budget previous week merely on disappointment arising out of the Union budget, re-gained as many as 617 points in the following week that was. The markets had plunged in thepost-budget previous week merely on off-loading of the excessive bull positions that were built onhopes, and therefore the fall was more on the basis of the "hurt market sentiments." The lastweek's recovery was based more on actual good news and increased investment buying andtherefore likely to get extended in the next few weeks.

The monsoon rains that had remained elusive until the previous week started to pouring in overmost parts of the country. The arrival of monsoon rains really changed the market sentimentswhich, though had turned bullish long ago, but had not become helpful in getting transformed intobuying action thus far. Since the markets witnessed buying support, a few positive news that hadgone ineffective due to wories of lack of rains, also started impacting the markets positively. In thefirst week of July, the car manufacturers had reported fastest car sales in the past 10 months. Thiswas followed by a reported rise of 4.7 per cent in IIP numbers for the month of May, the highest in19 months. The manufacturing PMI in June at 51.5 per cent turned out to be the highest in thefour-month period. At 54.4 per cent the services PMI in June was reported to be the highest in thelast 17 months. The rise of 8.3 per cent in imports in the month of June turned out to be anadditional evidence of domestic recovery. The newly constructed Consumer Price Index (CPI)was reported at 7.3 per cent, the lowest since its inception. The wholesale inflation in June at 5.4per cent was reported to be the lowest in the last four months. The last but no the least, to haveforeign exchange reserves posted rise in the consecutive sixth week which reached the secondbest level of 317.037 billion dollars for the week ended July 11. The all-time high was at 321 billiondollars.

Not only that the markets received positive cues from the foreign numbers as well. The Chineseand the US economies, too, posted positive growth numbers last week. The increased PMI inChina was translated into a buying frenzy in the global markets last week, with metal stocks inparticular, rising the most here and there.

However, not all was well. There was some negative news as well. The power minister PiyushGoel confessed that the nation may face sheer stoppage of power supply very soon as coal stockswith the major power generating companies including the the largest thermal power generationcompany, NTPC, have already been depleted and have merely been enough to last only for two toseven days. He, however, assured that the government was taking steps on war footing to avertthe likely calamity. The trade deficit (imbalance between imports and exports) at 11.8 billion dol-lars was reported to be the highest in the past 11 months but it was due mainly to higher importsof gold and the same was very much expected besides could be managed by making policychanges.

In the meantime the new corporate number season has also kickstarted with positive Q1 num-bers by IT majors like Infosys Technologies and TCS and many more companies are expected tocheer the markets as well as their investors as most of the companies have taken steps of cost-cutting and rationalization the impact of which would be reflected in the first quarter numbers. The


Reserve Bank of India, in keeping in line with the policy announcements by the finance ministerArun Jaitley in his union budget, has already come out with easy money at lower interest rates forinfra-projects.

The long-term investors have, by now, started receiving income by way of dividends for theyear ended March, 2014, and are looking forward to receiving interim dividends as many compa-nies do pay such interim dividends every quarter. Thus, the stock markets are most likely toperform bullish in the days and the weeks to come and the BSE Sensex, which at its close of25641, for the week, being only a few hundred points away from life-time peak of 26190, mayzoom past the same well ahead of the fast approaching festival season. Thus the markets havenow become more prone to discount good news and rise further, and therefore, may becomemore rewarding to those who would invest courageously in growth oriented and well managedcompanies.

APCOTEX IND-Mon .31/03/00-18/07/14 B-523694 TREND

0001N 02N 03N 04N 05N 06N 07N 08N 09N 10N 11N 12N 13N 14

Price E M A( 6) E M A(12) E M A(24)

-0

20

40

60

80

100

120

140

160

180

200

4.75

41.95

15.00

190.00

103.65

Xs

F 18/07/14 O 185.35 H 187.00 L 162.00 C 180.60 V 81976 V 145.37 E 156.13 E 139.87 E 123.18

Apcotex Industries :- A monthly chart ofApcotex Industries published herewith coversa period right from the year 2000, till date, re-veals that its lowest price was Rs 4.75 way backin 2001, from where it entered a very very long-lasting uptrend that is still continuing. The risein its price till the year 2005, was, however, verysmall and it could go upto only Rs 41.95 afterwhich a technical correction pushed it back to alow of Rs 15.00 in 2008, that coincided with thegeneral market crash later that year. But afterhaving bottomed out at Rs 15.00 in 2008, theshare entered a long-lasting uptrend that is stillcontinuing as it has been going up and up re-lentlessly. In June, 2014, the share reached ahigh of Rs 190.00 and met with a minor technical correction in July that pushed it back upto a lowof Rs 162.00, but only briefly, as it jumped up to close at Rs 180.60 when the markets closed forthe week that was. Thus, the share is a bullish one irrespective of the general market conditionsand therefore suggested for buying for long-term investing.

HITACHI HOME-Mon .31/12/08-18/07/14 B-523398 TREND

0809 J O 10 J N 11M O 12 J O 13 J N 14M

Price E M A( 6) E M A(12) E M A(24)

0

50

100

150

200

250

300

350

400

25.65

402.00

93.30 98.00 99.35

171.00162.80179.00

F 18/07/14 O 306.70 H 364.90 L 257.80 C 359.20 V 710000 V 2274 E 252.33 E 205.07 E 174.57

State Bank of Bikaner & Jaipur :- The State Bank of Bikaner and Jaipur is one of the subsid-iaries of the largest Indian bank, the state Bank of India, and its share is recomended for buying

today for making medium to long-term investmenton techno-fundamental ground. Technically, theshare looks very bullish on its daily chart. Funda-mentally, it is a bank that performs well andbacked by the reputation enjoyable by any bankthat is a subsidiary of the largest lender in India.The share that bottomed out at Rs 281.90 in earlyMarch in the current year shot up to a high of Rs660.00 in just two and a half months' time, a morethan one hundred per cent appreciation. At sucha high level of prices that had arrived in too shorta period, it was obvious for it to attract selling inthe nature of profit-booking. The share thereforecorrected upto a low of Rs 520.00 but once again


ST.BANK BIKA-Dly .05/02/14-18/07/14 B-501061 TREND

14 M A M J J

Price E M A(15) E M A(30) E M A(60)

250

300

350

400

450

500

550

600

650

281.90

660.00

520.00

F 18/07/14 O 614.00 H 657.90 L 609.00 C 646.95 V 45839 V 290.39 E 593.27 E 564.82 E 512.45

started rising and reached a high of Rs 657.90 before closing at Rs 648.96 as on Friday of the lastweek. Thus it has indicated a fresh upward move that might take it further up in near future. Theshare is therefore suggested to be picked up for short to medium-term investing.

Hitachi Home Appliances :- HitachiHome Appliances Comapany, as evidentfrom its name, is a very well-known Japa-nese company that manufactures Hitachibrand home appliances that enjoy high cus-tomer preferences. The share of this com-pany had plunged to a low of Rs 25.65 inMarch-April, 2009, when the markets entereda fresh wave of buoyancy after a massivedrop from unprecedented high level of pricesin early 2008. After having bottomed out atRs 25.65, the share swiftly jumped upto ahigh of Rs 402.00 and then corrected upto alow of Rs 93.30 in fag-end of the year 2011.Thereafter, the share formed two more andsuccessively higher bottoms at Rs 98.00 andRs 99.35, respectively and thus a tripple bottom pattern was formed which ultimately helped ittojump up in the last three months when the market conditions also turned supportive. The share inthe last week scaled to a high of Rs 364.90 before closing at Rs 359.20 at which level it still is agood buy as it is headed upwards in line with the general uptrend in the markets.

BUY.... BUY....BUYCo. Name Code PriceJ. B. Chemicals 506943 162.00Prism Cement 500338 73.00Ashoka Build. 533271 152.00Noida toll 532481 32.00Greaves Cotton 501455 117.00Jenburkt Ph. 524731 187.00L & T Fin. 533519 74.00Crompton Gr. 500093 210.00Federal Bank 500469 126.00Control Print 522295 118.00KNR Const. 532942 218.00Adani Ports 532921 287.00

TIPS OF THE WEEK

Co. Name Code PriceIndian Hume 504741 245.00Garware Wall 509557 117.00Sadbhav Engg. 532710 221.00Lypsa Gems 534532 172.00Everest Ind. 508906 237.00Tech Mah. 532755 2121.00Persistent Sys. 533179 1331.00Gruh Fin. 511288 218.00Dredging corp. 523618 478.00Wipro 507685 547.00Bajaj Fin. 500034 2188.00TTK Prestige 517506 3589.00


Golden quote :- A Family can devlop onlywith a loving woman as its center

Stock WaveSarvesh Ashok Trivedi

(Mumbai) (Mob) 09820728124www.chartsanketstock.com

Script based improvement likelyScript based improvement likelyScript based improvement likelyScript based improvement likelyScript based improvement likelyBSE Index (25641.50) :- The index is witnessing rebounding surge after coming down to

24892 from top of 26190.44. It shows neutral position on daily basis, overbought to neutral posi-tion on weekly basis and overbought position on monthly basis. On upward movement, beyond25780 it may go up to 25870, 25950 and 26190. On downward movement, below 25530 if itplunges below 25440 then it is weak market sign.

Nifty Future (7669.35) :- Having coming down to 7445, it is moving up. It shows neutralposition on daily basis, overbought to neutral position on weekly basis and overbought position onmonthly basis. On upward movement, beyond 7705 it may go up to 7730, 7775 with resisting levelat 7818. On downward movement, below 7655 it may go down to 7635 and 7615 level showsweak market.

Bank Nifty Future (15415.80) :- It has spurt from bottom of 14405.30. It shows neutralposition on daily basis, overbought to neutral position on weekly basis and overbought position onmonthly basis. On upward movement, beyond 15500, it may go up to 15590, 15670, 15750 and15830. On downward movement, below 15360 it may go down to 15250, 15110 and further down-ward movement shows weak market.

Tata Steel (563.00) :- After reaching 492.25 on downward movement, it has moved uprapidly. It shows neutral position on daily basis, overbought to neutral position on weekly basisand overbought position on monthly basis. On upward movement, it may be in range of 565 to 570with resisting level at 580 and beyond that it could move up to 595. On downward movement,below 540 it may get support at 525. It may be in range of 650 to 670.

Reliance Ind (976.75) :- From top of 1145.85, the stock prices are coming down. It showsoversold position on monthly and weekly basis, while overbought to neutral position on monthlybasis. On downward movement, below 965 it may get panic support at 952. On upward move-ment, beyond 998 it may go up to 1010 with important resisting level at 1020 to 1037.

Jindal Steel and Power (296.85) :- After reaching 276.90, it is moving up. It showsneutral position on daily basis, while toward oversold on weekly and toward overbought on monthlybasis. On downward movement, below 285 it may get support at 276. On upward movement,beyond 308 it may go up to 215, 323 and 330.

Grasim (3337.10) :- It has spurt after reaching to 3155. It shows neutral position on dailybasis, while toward oversold on weekly and toward overbought on monthly basis. On downwardmovement, below 3330 it may get support at 3255. On upward movement, beyond 3415 it may goup to 3490, 3570 and 3630.


Dividends announcedBharti Infratel (45%),

RS Soft (10%), TCS(500% + 4000%),CRISIL (300%), ClariantChem (390%), DHP In-dia (15%), SupremePetro (15%)

Expert’s EyeDilip [email protected]

Albert David,Lakshmi Vilas Bank,Vakrangee Software

Best Buy

Ex-BonusShrenuj & Co (1 for 1)Kavita Fabrics (2 for 1).

A positive week following budget weekA positive week following budget weekA positive week following budget weekA positive week following budget weekA positive week following budget week

Lakshmi Vilas Bankannounced rights in the

ratio of 5 shares forevery 6 shares held at aprice of Rs. 50 P/share

Having lost heavily in the budget week, market started the week on a cautious note but man-aged to gain from second session onwards as WPI and CPI inflation cooled down to recent newlows and RBI announced guidelines for NBFCs for banking license that boosted the sentiment.Albeit profit booking was also on for heavy weights and some mid and small cap counters. Bank-ing, Infra counters met with informed buying. On last day IT counters took the lead for rally. Thusa week following budget week turned positive one. Thus during the week S&P BSE Sensex andNSE Nifty moved in the range of 25713.40 -24892.00 and 7685.00 -7422.15 respectively.

Secondary Market :- After starting on a cautious note on Monday indices moved in a tradingzone to close in red. BSE Sensex lost 17.37 points to close at 25006.98 and NSE Nifty markeddeficit of mere 5.45 points to end the day at 7454.15. With high volatile trades, markets remainedflat and closed in red. While Metal, Banking, Capital Goods and Power counters gained, Pharmaand IT counters eased on profit bookings at higher level. Improved IIP and lower WPI for a while,failed to boost the market sentiment. Mid and Small cap counters eased on profit bookings amidstQ1 result season. FII turned net seller in cash. Oasis Tradelink and Bansal Roofing got listed onBSE SME and quoted above offer price to save the day for SME IPOs. While Oasis gained above10% Bansal closed with a mere gain.

On Tuesday markets opened higher with a gap and gained momentum with some cheeringnews for corporate. BSE Sensex scored 221.67 points to end the day at 25228.65 and NSE Niftygained 72.50 points to close at 7526.65. Cooled down WPI and CPI gave boost to the ailingsentiment. Banking counters lead the rally and got support from Auto, R-ADAG group, Power andCapital Goods counters. Mid and Small cap counters too gained on renewed support. FII turnednet buyers. Eased Crude prices fuelled Oil and Gas counters too. Shrenuj & Co turned ex-bonus(1 for 1).

On Wednesday too markets opened on a firm note and maintainedtempo of gain as the day progressed. BSE Sensex gained 321.07 pointsto close at 25549.72 and NSE Nifty too mirrored the similar sentimentwith a rise of 97.75 points to end the day at 7624.40. RBI easing fi-nance raising for banks for infra funding boosted the sentiment. Chinaposting 7.5% growth in GDP boosted metal counters. Banking counterslead the rally and got support from Realty, Infra, Metal, Auto, Powerand Capital Goods. Mid and Small cap counters gained on all out buy-ing. Lakshmi Vilas Bank announced rights in the ratio of 5 shares forevery 6 shares held at a price of Rs. 50 per share.

Tracking poor global cues, our markets opened on a poor note onThursday and after moving in a range bound trades, managed to closeflat but in green. BSE Sensex scored just 11.44 points to end the day at25561.16 and NSE Nifty gained 16.05 points to close at 7640.45. Mar-kets moved in a trading zone to close flat in green. Select heavy weightwitnessed profit booking while Mid and Small cap counters gained onbulls' chase. Metal counters gained and got support from Capital Goods


and Power sector. Consumer Durables and Healthcare counters too witnessed informed buying.FII turned aggressive buyers with over Rs. 1912 crore net buy in cash.

Tracking weak Asian clues, our markets opened flat but in red on Friday, after range boundmovement, indices finally closed in green with marginal gains. BSE Sensex gained 80.40 points toclose at 25641.56 and NSE Nifty scored 23.45 points to end the day at 7663.90. Better thanexpected results from TCS boosted sentiments for IT counters that lead the rally. It got supportfrom Teck, Banking and Capital Goods counters. Profit booking on Power, Realty and Metal keptthe rising under check. RBI announcing guidelines for NBFCs for banking license boosted senti-ment for counters like Manappuram Finance, Muthoot Finance, Reliance Cap etc. Kavita Fabricsturned ex-bonus (2 for 1).

The following week after the budget week posted gaining momentum. BSE Sensex and NSENifty marked net weekly rise of 617.21 and 204.30 points respectively.

By the week end, Rupee eased to Rs. 60.30 a dollar and Crude firmed up after cooling down asUkrain issue again raised concern. Now that Q1 number season will be at its peak, market isposed for a stock specific mode for a while. Global cues will keep its tab on the general sentimentas usual. Under the given circumstances, S&P BSE Sensex may move between 24000-26350and NSE Nifty in the range of 7250-7800.

Indian Info has convened bonus meet on 21.07.14. Llypsa Gems has called board meeting on11.08.14 to consider bonus issue.

Scrip Watch :- The following scrip are worth adding for medium to long term rewards.

Albert David (BSE Code: 524075) :- This pharma company has posted netprofit of Rs. 12.57 crore on a turnover of Rs. 291.48 crore for the fiscal 2013-14 against net profitof Rs. 8.56 crore on a turnover of Rs. 264.17 crore for corresponding previous period. Followingimproved performance, it has hiked the dividend to 50%. As on 31.03.14 equity capital of Rs. 5.70crore is supported by free reserves of Rs. 84 crore plus, making it a bonus candidate as well. Scripis worth accumulating at every decline. It quotes around Rs. 163.00 against 52 week High/Low ofRs. 181/80, FV Rs. 10.

Lakshmi Vilas Bank (BSE Code: 534690) :- This south based sched-uled bank has posted a net profit of Rs. 28.16 crore on a income of Rs. 587.12 crore for the firstquarter of current fiscal against net profit of Rs. 25.35 crore on a income of Rs. 532.45 crore forcorresponding previous year. The bank has announced liberal rights issue in the ratio of 5 sharesfor every 6 shares at a fixed price of Rs. 50 per share that is scheduled for August 2014. As on30.06.14 its equity capital of Rs. 97.56 crore is supported by free reserves of Rs. 905 crore plus.Scrip is worth accumulating at every decline on cum right basis for medium to long term gains. It ishovering around Rs. 107.80 against 52 week High/Low of Rs. 115/58, FV Rs.10.

Vakrangee (BSE Code: 511431) :- This E-Governance solutions providingcompany has posted a net profit of Rs. 76.30 crore on a turnover of Rs. 680.87 crore for Q1 ofcurrent fiscal against net profit of Rs. 33.09 crore on a turnover of Rs. 401.95 crore for correspond-ing previous period. For 2013-14 it earned net profit of Rs. 199.00 crore on a turnover of Rs.1965.39 crore. As on 30.06.14 its equity capital of Rs. 50.35 crore is supported by free reserves ofRs. 728 crore plus. Scrip is worth considering at every decline for medium to long term rewards. Itis hovering around Rs. 138.25 against 52 week High/Low of Rs. 143/43, FV Re.1.

[Disclaimer: The author holds 25 shares of Albert and 1200 of LVB since long and willcontinue to hold]. (Email: [email protected])


Market Tips

Garware-Wall Ropes (Rs. 117.00) (Code : 509557) : Garware-Wall Ropes (GRWL)provides customised solutions to the domestic and global cordage and infrastructure industry.This pioneer company in the synthetic cordage industry in India is also the world’s largest pro-ducer of polymer cordages. Customers are spread across 75 countries. An extensive range ofpolymers are used to provide application focused solutions for customers around the world in thefishing, mooring, sports, habitat, infrastructure, geo-synthetics, agriculture, defence and transpor-tation sectors. Of the total turnover, about 50-55% constitute exports, which are predominatelyfrom the fishing, aquaculture and sports segments. The aim is to increase exports to about 65% ofturnover in the next couple of years. Sports is another segment with enormous potential for sportnets in tennis, cricket, golf, soccer, hockey, basket ball, volleyball, badminton, ski, and beachvolleyball. GRWL has bout 25% market share in the US sports net market. This business is grow-ing at much faster rate than other businesses. Garware is expected to register sales of Rs 797.68crore and net profit of Rs 34.33 crore in FY 2015. EPS works out to 15.7. The share price tradesat Rs 104. P/E is 6.6. Buy.

TTK Prestige (Rs. 3859.00) (Code : 517506) : TTK Prestige Ltd shares gained a bitlast week after the June quarter earnings showed an improvement in net sales, especially in thecookware segment, after two consecutive quarters of decline. Net sales grew 9.8% to Rs.344crore on the back of strong volume growth as the company did not raise prices. The cookers andcookware segment which contributes around 56% of the overall sales clocked revenue growth of13% and 17%, respectively in the June quarter. A foreign brokerage has stated that TTK’s Q1June 2014 was a turning point and it is poised for a strong recovery in the second half (H2) of thefinancial year ending March 2015. It added that ramping up of exports and launch of 40-45 newstock keeping units (SKUs) in FY 2015 (estimate) will add to TTK's business.In the last threemonths the stock rallied 15% on signs of a pick-up in the discretionary spending and hopes ofstabilization in the demand from the southern region.In the coming months, the management islooking at raising prices to pass on the increase in aluminium prices. The stock is worth accumu-lating at every decline.

Kotak Mahindra Bank (Rs. 935.00) (Code : 500247) : Kotak Mahindra Bankstock seen very sharp jump last week on reports that the company's board is raising foreigninstitutional investment limit to 40%. Kotak Mahindra Bank announced that the board of directorsof the bank at its meeting held on 16 July 2014, increased the ceiling limit for investment by foreigninstitutional investors (FIIs)/ sub-accounts of FIIs, foreign portfolio investors (FPIs) and qualifiedforeign investors (QFIs) in the share capital of the bank, through primary or secondary route to40% with immediate effect after the shareholders of the bank at the annual general meeting heldearlier during the day approved increase in ceiling limit.The total shareholding of FIIs/FPIs andQFIs in the bank stood at 33.57% as on 15 July 2014. Kotak Mahindra Bank's net profit rose6.69% to Rs 429.80 crore on 1.27% growth in total income to Rs 2686.11 crore in Q1 June 2014over Q1 June 2013. The Q1 result was announced during market hours on Wednesday, 16 July2014.


scrip watch

Bajaj Finance (Rs. 2188.00) (Code : 500034) : Good growth in loans to both SMEsand consumers helped Bajaj Finance post a net profit of Rs.211 crore during the quarter endedJune 30, 2014, against Rs.176 crore in the same period last year. This translates to a rise of 20per cent year-on-year. Total income in the two quarters being compared was Rs.1,246 crore andRs.932 crore. During Q1 FY15, Bajaj Finance acquired 12.5 lakh customers against 9.7 lakhcustomers in Q1, a growth of 29 per cent. Gross and net NPAs stood at 1.13 per cent and 0.27 percent, respectively, and the provisioning coverage ratio stood at 76 per cent at the end of June2014. Bajaj Finance offers secured and unsecured loan. The company provides two-and-threewheeler loan, consumer durable loan, personal loans, loan against property, small business loans,construction equipment loan and loan against securities.The large-cap company has equity capi-tal of Rs 50.14 crore. Face value per share is Rs 10.

Hindalco (Rs. 184.00) (Code : 500440) : Hindalco Industries, an Aditya Birla Groupcompany, plans to raise Rs.5,000 crore through qualified institutional placement. The decisionwas taken at the board meeting held on Friday. The fund raising would be through issuance ofsecurities, including equity shares or equity-linked securities, including through a QIP or issuanceof equity shares through convertible bonds or depository receipts. The company has called ameeting of its members on August 14, to approve the fund raising plan.The company has com-pleted all its greenfield projects, Aditya Aluminium, Mahan Aluminium and alumina refinery UtkalAlumina. All these projects are ramping up their capacity utilisation and are expected to add to thecompany’s profitability.The total aluminium production would go up to 7.2 lakh tonnes from sixlakh tonnes, when all the three projects at Utkal, Mahan and Aditya Aluminium in Odisha ramp upto their full capacity by the end of this fiscal. Mahan and Aditya Aluminium would produce 3.6 lakhtonnes each a year, while Utkal Alumina in Odisha with a capacity of 10 lakh tonnes would feedthe key raw material to both these projects. Hindalco stock has seen sharp run up in last couple ofmonths. Still, valuations are very attractive even at this level. Buy.

Mphasis (Rs. 457.00) (Code : 526299) : Shares of Mphasis spiked as much as 8.3percent intraday Tuesday after CNBC-TV18 reported quoting unnamed sources that Tech Mahindrais eyeing promoter Hewlett Packard's 60.49 percent stake in the company. It is learnt that Mahindraand Mahindra group company has initiated exploratory talks with respect to HP's Mphasis stake.PE player Carlyle is also a likely contender for Mphasis, say sources. Tech Mahindra, HP andMphasis declined to comment on the issue. Earlier, on July 2, media report suggested that pro-moter company Hewlett-Packard (HP) hired UBS to manage stake sale in the company. HP is thelargest client of the company and contributes 40 percent of its revenues. The US-headquarteredtechnology major's stake in Mphasis is valued at more than Rs 5,500 crore at current market price.For the year ended October 2013, the company had reported profit of Rs 743.80 crore on rev-enues of Rs 5,796.30 crore while for five months ended March 2014, its profit stood at Rs 302.68crore on revenues of Rs 2593.83 crore. The stock has got momentum. Buy for short term.


SMART TIPS

Shakti Pumps (Rs. 207.00) (Code: 531431) :- The shares of this B Group listedindustrial machinery manufacturer have a face-value of Rs. 10. The company derives 70% of itsincome through exports. The company's sales of stainless steel pumps are growing at a fast paceas it is offering the product at 60 to 65% discount as compared to its competitors. The company isadding 35 new products every year. It has a team of 150 engineers and is spending heavily on R& D. The demand for solar and sewage water pumps has been on the rise from some time. Thecompany will also benefit from the central government's missions on clean energy and Gangariver. Solar pumps, which are subsidised by the central government, account for 15% of company'stotal sales. For the June quarter, company has registered turnover of Rs. 70 crores, net profit ofRs. 8 crores, and EPS of Rs. 4.46. For 2013-14, its turnover was Rs. 307 crores, profit was Rs.26.51 crores and EPS stood at Rs. 17.39. While rival companies' shares are quoting at a PEmultiple of 32, the company's shares are quoting at a PE of only 11 and are attractively priced.

Jay Bharat Maruti (Rs. 90.00) (Code: 520066) :- The shares of this auto partsmanufacturer are listed in the T Group and have a face-value of Rs. 5. The company manufac-tures components for seat metal, welded assembling, exhaust system, fuel filters, and chassis.The company has four manufacturing plants in NCR region in Gurgaon, Manesar and Baawal,having capacity of 1,20,000 parts and assembling. The company has technical tie-up with Japan'sHamamatsu Pipe Co., Futaba Ind., Daiwa Excel, Kokoma Co. Ltd., Yorozu Corp and other com-panies. Maruti Suzuki has 29% and Suzuki Corp holds 58.2% stake in the company. The company'sprofit in the first quarter of 2015 has jumped by 33% to Rs. 6.8 crores. The sales were up by 10.4%to Rs. 292 crores. For FY 2014, company's net profit was up by 17% to Rs. 25.2 crores, and saleswere up 3% to Rs. 1,139 crores. The company will benefit from the new car proposed to belaunched by Maruti Suzuki. It will also benefit from the relief for auto sector and other measuresannounced in the budget. The stock is quoting at only 5.5 times the estimated earnings of Rs. 15.5per share for the current year, and can cross the Rs. 100 mark to touch new highs.

Time Techno (Rs. 50.00) (Code: 532856) :- The shares of this B Group companyhave face-value of Re. 1. The company's portfolio includes industrial packaging solutions, lifestyleproducts, automotive components, HC product, and infra-construction related products. TimeTechno has 40 manufacturing facilities across the world. For the March 2014 quarter, companyregistered turnover of Rs. 617 crores and net profit of Rs. 31.79 crores on a consolidated basis. Ithad other income of Rs. 4.80 crores. The company's equity is Rs. 21.04 crores, net-worth Rs. 701crores, market cap Rs. 1,076 crores, and book-value is Rs. 37. For financial year2015, its turn-over is expected to grow at 15% and profit is likely to rise by 9%. Trading at a PE multiple of only11.29, the stock can give 25 to 30% returns in four to six months.

Sundaram Fasteners (Rs. 113) (Code: 500403) :- This B group listed auto partsequipment manufacturer's shares have face-value of Re. 1. The share touched a high of Rs. 118and a low of Rs. 30. Headquartered in Chennai, it is a part of the TVS group. The company'sproducts include high tensile fasteners, radiator, powder metal parts, pumps, engine pumps, andothers. The company invested Rs. 150 crores towards capex in 2014 and is likely to invest furtherRs. 150 crores to fulfil existing orders. For the March 2014 quarter, company registered turnoverof Rs. 521 crores, net profit of Rs. 24.75 crores, and EPS of Rs. 1.3. Promoter holding in thecompany is 49.53%, domestic funds hold 20.12%, and others hold 29.08%. Company's equity isRs. 21.01 crores, net-worth Rs. 695 crores, market cap Rs. 2,410 crores, and book-value is Rs.39. Quoting at a PE multiple of 17.6, the stock is available at 50% discount to its competitors. Itcan give short term returns of 25 to 30%.


Smart super duper

Crompton Greaves (Rs. 210.00) (Code: 500093) :- Announcement about demergerof a division has resulted into current in the stock prices. It has crossed Rs200 level. The stockprices had lowered to Rs72 at one point of time but following buyback offer and pre-post electionbullish trend favoured the stock. The company's margins have remained poor for couple of weeksand profit is declining but it expects the results to improve. As against equity of Rs128.30 crore,the company's reserves stand at Rs3433.22 crore. The last two quarters have been fruitful for thecompany. In March quarter, the company's income increased from Rs3387.30 crore to Rs3766.48crore, while profit increased from Rs25.27 crore to Rs63.82 crore. The stock seems to be costlyfrom valuation point of view but riding on positive sentiments it may cross Rs250 level.

Federal Bank (Rs. 125.00) (Code: 500469) :- The banking stock has been con-verted from face value of Rs10 a share to five shares with face value of Rs2 a share. In Junequarter, the bank's income increased from Rs1653.26 crore to Rs1771.50 crore, while profit in-creased from Rs105.66 crore to Rs220.23 crore with EPS of Rs2.57. The bank had achieved EPSof Rs9.81 at end of financial year 2014. The company's equity is Rs171.07 crore. The bank hasbranch network of 1365 branches. It has witnessed sharp fall in its gross NPA. The FIIs hold28.81% stake in the bank, while DIIs hold 25.50% and public holds 35.69%. The company'smarket capital is 10750 at current valuation. The stock is being quoted at lower valuation com-pared to its peers and after robust results in June quarter the stock is likely to cross Rs150 in shorttime. The bank is looking for expansion which will improve its CASA.

IDFC (Rs. 164.00) (Code: 532659) :- The stock has become a star performer afterbudget. The stock prices went up to Rs235 in 2008, when the company recorded income ofRs2795.13 crore and profit of Rs742.15 crore with achieving EPS of 5.95 on equity of Rs1294.30crore. The stock is being traded around Rs150. In FY2014, the company recorded profit ofRs1802.66 crore on income of Rs8772 crore with EPS of Rs11.89 on equity of Rs1516.29 crore.Thus, when the stock was at the highest price points its income and profit were lower, but currentlyit is being traded at lower price. This is indication enough for the investors to park their money in it.Moreover, the company is also planning to come up with infrastructure bonds. When the govern-ment is planning to invest huge money in infrastructure using public private partnership model, thecompany's loan book may witness sharp rise in coming days. The company's asset managementcompany is also likely to perform well riding on bullish trend in the stock market. The company hasalso obtained banking license. It is all set for giving long term investment. The stock is likely tocross Rs200 market in near future.

Financial Financial Financial Financial Financial WWWWWeekleekleekleekleeklyyyyyEvery Wednesday

English & Gujarati Edition Gujarati Edition


NIKHIL BHATT(+919979380808)

W W W . I N V E S T M E N T P O I N T . I N

PERIOD : 21-7-2014 to 25-7-2014

Nifty F&O Range@ 7560 to 7777 point in short term

Dear Friends,NIFTY FO CLOSED @ 7668 AS ON 18.07.2014..!! NIFTY FO has resistance at 7703 - 7717

Level; above which other resistance levels are at 7733 - 7750 Level with highly Volatile Trend, InDownside support levels are at 7613 - 7603 Level; below 7600 Level, other support levels are at7580 - 7560 Levels. I am positive for next week above 7750 Level but be with the trend. Let themarket decide further moves. As we are saying from many days Buying is suggested in fallsonly...and it's still a better strategy in the given Scenario...!!! Regarding long term positions, it ispreferable to remain cautious now...!!

If NIFTY crosses 7757 Level, again then the upper side target is quite highand it may touch 7777 Level in short term...!!!

Golden Stocks for the Period of 21-7-2014 to 25-7-2014

1. Maruti (2517) : It is suggested to buy @ Rs 2503 with SL of Rs 2488 for the target of Rs2547 - 2560; below Rs2488 it can fall up to RS 2473 - 2460 levels. If it crosses Rs 2560 level thanexpect nonstop rally up to Rs 2575...!!

2. BINNY (164) : Operator based Game start in this stock, Buy @ Rs 157 With SL of Rs 151for the target of Rs 177 - 191 level below Rs 151 it can show further downfall up to Rs 141…!!!

3. Ledo Tea (92) : Buy delivery of this stock near @ Rs 86 with SL of Rs 81 for the targetof Rs 106 - 114 level. It is very good for medium term position also…!!!

4. Bajaj Steel (229) : This stock is looking very good to buy @ Rs 213 with SL of Rs 203for the target of Rs 239 - 242 Levels below Rs 203 is stock shall witness free fall…!!!

5. INDIAN Terrin (196) : Buy @ Rs 191 levels considering minor support of Rs 186 andstop loss of Rs 181 for an upper target of Rs 209 - 213 levels. Below Rs 181 it can slip up to RS176 - 171 levels…!!!

6. REL Infra (764) : Operator based buying has been there in this stock. Buy @ Rs 747with SL of Rs 729 for the target of Rs 783 - 793 levels it is very good for long term position also…!!!

7. Elder Pharma (201) : Trading point of view BUY @ Rs 193 With SL of Rs 186 for thetarget of Rs 219 - 224 level below Rs 186 It can show further downfall up to Rs 176…..!!!

8. INANI Marbles (153) : For medium term buying is suggested @ Rs 144 with SL of Rs139 for the target of Rs 162 - 171 level. Below Rs 139 it can show further downfall…!!!

9. ICICI BANK (1477) : It is suggested to SELL with SL of Rs 1499 for the target of Rs1460 - 1444 below @ Rs 1444 it can slip up to Rs 1430 - 1419 level. Above Rs 1503 level will takethe stock to Rs 1515 - 1520…!!!


Investment Ideas - Pratit Patel (9998881112)www.dkwealthadvisory.com

HOT INVESTMENT IDEASPODDAR PIGMENTS LTD (524570) (98.50)

Jaipur Based PPL is engaged in production of MasterBatches which are used for coloring effectby Textile industry and Plastic industry. PPL is consistent track-record and promoters have neverresorted to any excuses (global slowdown etc). Management appears cost-effective and focussed.Even during slowdown and bad times, PPL continued to report normal profits. PPL has installedcapacity of 12000 tonnes and plant is running at full capacity.

Company has equity of Rs.10.61crore while it has huge reserve of around Rs.71.23crore. It hasa share book value of Rs.79.77. It has reported strong number in Q1FY15, wherein PAT zoomed34.12% to Rs.3.97crore against profit of Rs.2.96crore in FY13. Scrip is available at just 6xFY15EPS. It is regular dividend paying company & It has declares 22.5% dividend for FY14. Investorscan buy this stock with stop loss of Rs.85. On the upper side stock will zoom up to Rs.125 levelsin medium term while zoomed to Rs.160 levels in long term.

NIFTY (7663) :- For next week NIFTY has strong support at 7595 level, below this level willcreate panic up to 7530----7460 levels. On the upper side NIFTY will face resistance at 7731levels, cross over & close above will take it to 7809 level.

IDEA (138.35) :- Stock is looking explosive and also looking hot on chart & rally will continue incoming days. One can buy this stock on dips around 137 keeping stop loss of 133. On the upperside stock will zoom up to 141 levels, cross over will take it to 149----153 levels in coming days…

EXIDE IND (159.70) :- Stock is looking hot on chart and one can buy this stock on every declinearound Rs.157 keeping stop loss of 153. On the upper side stock will zoom up to 166 level, crossover will take it to 175 levels in coming days…

PETRONET LNG (186) :- Stock is looking hot on chart and one can buy this stock on everydecline around Rs.183 keeping stop loss of 175. On the upper side stock will zoom up to 189.5level, cross over will take it to 195---201 levels in coming days…

7731 will act as hurdle

While 7595 will act as support


A.J. Diwan (Mumbai)E-mail : [email protected]

After budget now corporate results.Budget is coming and all over. After initial decline market started again up trendnote all eyes on corporate results. Infosys and TCS both came out with results above market

expectations. in days to come we feel that TCS may over shadow Infosys.Now it's time for reliance to announce results. There is belief in the market that reliance may not

come out with good results to show effect of gas price increased not given. The company is payinghuge penalty for less production of gas.

On Friday all world markets were down due plane shutdown. Our market did take support fromlower level. Sensex went up almost 200 points front the low of the day. Even market breath waspositive.

Nifty is at 7663. Market is expected to be highly Volatile, So 7625 and 7550 are support levelsand resistance is at 7700 which is psychological mark.

Pre opening has basically no connection with opening of the market. Sometimes we see niftydown by 160 points and sensex up by 50 points. Authority should look at this.

As per report coal is in short supply. How we can expect industrial growth? On Friday almost allpower shares declined.ntpc looks good short if situation remains the same.

Pharma shares are in demand and particularly CIPLA. Buy on decline.Rbi announced opening of small banks without all functions of banks. Who is interested in such

bank? If reliance capital has gone up due to that than its wrong.Zee Enter has come out with bad results. We feel that investors should get out of it.Realty shares were down on Friday almost all shares declined by 2% DLF looks weak on rise.Despite FII fund flow rupee is going weak is surprising and give us caution signal.

Gujarat’s popular stock advisory websitewww.rupeegains.com is back with new flavors…

For daily trading tips, multi-beggar investment ideas,hidden gems investment advice, mutual fund advice,

portfolio counsel and much more at one stop…

For great profit now and alwaysClick daily :

www.rupeegains.com


Primary Market Dilip K. Shah

The government is setting stage for disinvestment of Sail, ONGC, REC, PFC and NHPCDisinvestment process may start with ONGC's $3bn issue

This week one SME and three NCDs issues are in the marketBhandari Infracon's BSE SME IPO to enter into market on July 20Long queues of NCDs in the market like Kosamattam, Muthoot Fin, Muthoottu issues

Sr Company Issue Open Bond size Offer price Min. Listing Rating Recomm.Issue Close (Rs. Cr.) (Rs.) App.

1. Muthoot 3-7-2014 Rs. 200 Cr. 1,000/- 10 NCDs NSE A/Negative

Fin Corp. 4-8-2014 (100 Cr. + Retain 100 Cr.) (Rs.10,000) BSE by CRISIL(Aggregation Rs. 200 Cr.)

2. Muthoottu 11-7-2014 Rs. 250 Cr. 1,000/- 10 NCDs NSE BB+

Mini 5-8-2014 (125 Cr. + Retain 125 Cr.) (Rs.10,000) BSE (Double B Plus)

Financiers (Aggregation Rs. 250 Cr.) by IND - RA

3. Kosamattam 18-7-2014 Rs. 150 Cr. 1,000/- 10 NCDs BSE BBB- by CARE

Finance 12-8-2014 (100 Cr.+Retain 50 Cr.) (Rs.10,000)

(Aggregating Rs. 150 Cr.)

Non Convertible Debenture (NCD) Issues at a Glance

AVOID

AVOID

RISKY

Options I II III IV V VI VII

Frequency Monthly Cumulative Monthly Cumulative Monthly Cumulative Cumulative

Coupon (%)

Per Annum 11.50 -- 12.00 -- 12.50 -- --

Senior Citizen 12.00 -- 12.50 -- 13.00 -- --

Remedption Amt. 1000 1132.24 1000 1193.24 1000 1442.90 2000

Senior Citizen 1000 1137.78 1000 1201.21 1000 1462.14 2000

Effective Yield (%) 12.13 12.00 12.68 12.50 13.24 13.00 12.62

Senior Citizen (%) 12.68 12.50 13.24 13.00 13.80 13.50 12.62

KOSAMATTAM FINANCE LIMITED (CREDIT RATING : CARE ‘BBB’ [Triple B Minus] by CARE)

Subsidy and gas price problems need to be resolved before ONGC disinvestmet processThe government may offer 10% discount to retail investors in the disinvestment issue

Lodha Dev is all set for Rs6000 crore IPO: will construct the world tallest building with 113 storeyLow-budget airlines Indigo appoints seven bankers for Rs2400 crore IPO

Snowman Logistics likely to come up with Rs150 crore main line IPO in last week of July

New SME IPOs :- Bhandari Infracon is coming up with an IPO next week. The real estate

company's performance is average. P/BC is too high. Considering PE of 151, the offer price of

Rs120 is costly. More details are given in a separate box.

SME-IPO Listing :- Last week two SME IPOs got listed.

Bansal Roofing (Code: 538540) :- The issue got listed on July 14 at rate of Rs31 against offer

price of Rs30 and went up to Rs32 to come down at Rs30 and ultimately closed at 30.50. The

stock closed at Rs31.10 as on Friday.

Oasis Tradelink (Code: 538547) :- The issue with offer price of Rs30 got listed on July 14 at

Rs35.90 and went up to Rs35.90, then came down to Rs34.10 and ultimately closed at Rs34.10.


Kosamattam Finance NCD Issue opened on 18th July 2014Coupon rates are higher but

Due to poor rating & high debt better to avoidThis finance sector company from Kerala and registered as NBFC (Non Banking Finance

Company), FFMC (Full -Fledged Money Changer) and Depository Participant is once againcoming out with NCD offer to raise Rs. 150 crore. The base size of the issue is Rs. 100 crore andhas permission to retain oversubscription to the tune of Rs. 50 crore making the total issue sizeRs. 150 crore.

The company is coming out with a Secured, redeemable Non-Convertible Debentures havinga face value of Rs. 1000 and coupon rates of 11.50%-12% and tenure of 400 days to 70 months.It offers Monthly and Cumulative payment options bearing yield of 12% to 13.80%. Minimumapplication is to be made for 10 NCDs (i.e. Rs. 10000) and in multiple of 1 NCD thereon, there-after. The issue opens for subscription on 18.07.14 and will close on or before 12.08.14. Issue israted by CARE as CARE /BBB- indicating at moderate degree of safety regarding timely servic-ing of financial obligations. Such instruments also carry moderate credit risk. As on 31.03.2014the company's net worth is Rs. 174 crore and its total debt were to the tune of Rs. 1199 crore.

Issue is lead managed by Vivro Financial Services Pvt Ltd and Karvy Computershare Pvt Ltdis the registrar to the issue. IL&FS Trust Company Ltd is the Debenture Trustee.

Considering poor rating and higher debt of the company, this issue is not worth for invest-ment.

Remarks: Not Worth, although the coupon rates are higher.- By Dilip Davda

18-7-2014Category Qty.Series1 2,01,339Series2 2,68,894Series3 2,44,079Series4 31,512Series5 1,28,846Series6 2,13,750Total 10,88,420

Mu

tho

ott

u M

ini

Fin

. Su

bsc

rib

ed

Date : 18-7-2014Issue Size = 1250000 (100%)

BSE + NSE Quantity= 1088420 (87.07 %)

Date : 18-7-2014Issue Size = 10,00,000 (100%)

BSE + NSE Quantity= 1874178 (187.42%)

Category Qty.Series1 2,34,442Series10 2,725Series2 4,36,791Series3 2,811Series4 5,70,231Series5 4,43,347Series6 3,060Series7 68,217Series8 32,876Series9 79,678Total 18,74,178

Mu

tho

ot

Fin

corp

.S

ub

scri

pti

on

Fig

ure

On Friday it closed at Rs30.75.

NCDs issues:-

Kosmattam Fin. :- One more company from Kerala is coming up with NDCs issue. It is re-

entering into the market. It has offered attractive coupon rates in Rs150 crore issue. However,

poor rating from CARE and huge debt are negative aspects of this issue. The company's debt is

seven times compared to its networth, so it is dangerous issue. More details are given in a sepa-

18-7-2014Category Qty.Series1 3,110Series2 12,571Series3 17,495Series4 24,122Series5 20,721Series6 11,591Series7 7,580Total 97,190

Ko

sam

atta

mFi

nan

ce L

imit

ed

Date : 18-7-2014Issue Size = 1000000 (100%)

BSE + NSE Quantity= 97190 (9.72 %)


Bhanderi Infracon SME IPO Opens on 22nd July & Closes on 25th July 2014Offer price fixed at Rs. 120 ; Listing on BSE SME PlatformThis IPO is exorbitantly price just avoid this costly issue

Time and again, SME IPO only breaks the ice post budget. This week we have SME listingIPO from Bhanderi Infracon Ltd. Details of the issue are as under:

Bhanderi Infracon Limited is a Real Estate Development Company, engaged in buying, sell-ing, development, re-development of properties, investments in joint ventures, investment inpartnerships, investment in completed / partially completed / upcoming projects etc. Currently,the company is engaged in development of Residential Flats and Bungalows under Partnershipfirms, namely: Tulsi Enterprises and Dharnidhar Developers respectively.

To raise its working capital requirements and general corpus fund, the company is coming outwith an issue of 540000 equity share of Rs. 10 each at a price of Rs. 120 per share to raise Rs.6.48 crore. Issue opens for subscription on 22.07.14 and will close on 25.07.14. Minimum appli-cation is to be made for 1200 shares and in multiples thereof, thereon. Issue is lead managed byChoice Capital Advisors Pvt. Ltd and Purva Sharegistry (India) Pvt Ltd is the registrar to theissue. Post allotment shares will be listed on BSE SME.

On company's performance front, it has posted an average EPS of Rs. 0.51 for last threefiscal. For 10 months ended on 31.01.14 it has earned net profit of Rs. Rs. 0.13 crore on aturnover of Rs. 1.06 crore. If we attribute this earnings on expanded equity of Rs. 2.02 crore postIPO than it gives EPS of Rs. 0.79 giving P/E of 151 plus and based on its book value of Rs. 42 onthe said date, it is at a P/BV of around 3. Thus issue is exorbitantly priced. In March 2013, thecompany issued bonus shares in the ratio of 104 for 1. In September 2013, it made preferentialissued of 389100 shares at a price of Rs. 125 per share to promoters that helped it to post bookvalue of Rs. 42.

On merchant banker's front, this is the third mandate of SME IPO from Choice Capital and haspoor track record for earlier two issues.

Remark : Just Avoid this costly issue.- By Dilip Davda (Email: [email protected])

Forth Coming IPO(Announced in Jan - 2014)

Company Issue Size(Rs. in Cr.) (E)

Hindustan Clean Energy 5900Viom Networks 2000GMR Energy 1450BSE 1000ORTEL Communication 1000Devyani International 750Bharat Business Chennal 7000Central Depositery Ser. 700BSCPL Infra 650Amalgamated bean Coffee 600

Forth Coming IPORSP Filled with Sebi

Company Issue Size(Rs. in Cr.) (E)

Lavasa Corporation 750INOX Wind 700Adlabs Entertainment 500Great Eastern Energy 300Jyoti CNC 240Intas Pharma 225Advanced Enzyme Tech 200Snowman Logistics 150Shemaroo Enter. 120Sharda Cropchem 022

rate box. The issue got 9.72% subscription on opening date of July 18. It has obtain permission to

retain Rs150 crore in issue of Rs100 crore.

Muthoot Fin. Corp :- In the issue that opened on July 3, the company has got approvals for

retaining Rs200 crore in Rs100 crore issue. The issue has got 187% subscription till now and it

needs only 13% more subscription. So it

may close ahead of its scheduled closing

date of August 4.

Muthoottu Mini Financiers :- The com-

pany has obtained permission to retain

Rs250 crore in original issue of Rs125 crore.

As on July 18, it has received only 87% sub-

scription and needs 113% more subscrip-


tion.

PSU Disinvestment :-

Sail :- The government plans to raise Rs1800 crore through disinvesting its stake in SAIL.

Roadshows will be organised in USA, Europe, UK, Singapore and Hong Kong in the last week of

July.

Coal (India) :- The government aims to raise Rs23000 crore through selling 10% stake. The

government will also divest NHPC's 10.96% and PFC's 5% stake in the company.

ONGC :- The government plans to divest 5% stake of ONGC to raise $3bn in September. The

government may kick off disinvestment process with ONGC rather than Sail. The government is

mulling an option of selling 42.77 crore shares (5% stake) at current market rate to raise Rs17400

crore. However, the company is not very keen on this because lower valuation taking into consid-

eration issues regarding partnership of subsidiaries, uncertainty of gas prices and other issues.

ONGC needs to share subsidy burden in diesel, cooking gas and kerosene. The company had

paid Rs563384 crore for the same in 2013-14. Moreover, the company receives gas at rate of

Rs54.2. It has proposed the government to increase the rate but it has been put on back burner.

Moreover, decision on changing pattern of subsidy partnership pattern has also been postponed.

Main Line IPO:-

Lodha Developers :- Mumbai-based Lodha Developers is building world tallest residential

tower with 113 storey. It plans to come up with $100 billion means Rs6000 crore IPO.

Indigo :- The low cost airlines Indigo has appointed seven banks for $40 crore (Rs2400 crore)

IPO. The company's market cap is around $2 bn and it aims to sell around 25% stake. It accounts

for 31.7% stake in aviation market. Interestingly, it is the only aviation company which is making

profit.


Smart Best Buy S. N. Zaveri

After TCS, now HCL Technologies will rallyAfter TCS, now HCL Technologies will rallyAfter TCS, now HCL Technologies will rallyAfter TCS, now HCL Technologies will rallyAfter TCS, now HCL Technologies will rally

UltraTech : Strong player among cement stocksUltraTech : Strong player among cement stocksUltraTech : Strong player among cement stocksUltraTech : Strong player among cement stocksUltraTech : Strong player among cement stocks

Diesel-Petrol Engine maker Greaves Cotton will rallyDiesel-Petrol Engine maker Greaves Cotton will rallyDiesel-Petrol Engine maker Greaves Cotton will rallyDiesel-Petrol Engine maker Greaves Cotton will rallyDiesel-Petrol Engine maker Greaves Cotton will rally

CPIL : Mark this scrip for your portfolioCPIL : Mark this scrip for your portfolioCPIL : Mark this scrip for your portfolioCPIL : Mark this scrip for your portfolioCPIL : Mark this scrip for your portfolio

Gruh Finance up on strong Q1 resultsGruh Finance up on strong Q1 resultsGruh Finance up on strong Q1 resultsGruh Finance up on strong Q1 resultsGruh Finance up on strong Q1 results

CPIL (Rs. 118.00) (Code : 522295) : Control Print India (CPIL) manufactures non-contact type coding and marking machines based on drop-on-demand inkjet printing technologyand contact-type versatile electro-pneumatic imprinting machines in technical collaboration withAvery Dennison, US, a Fortune-500 company. The coding and marking machines are used inprinting variable information like date of manufacture, batch number, maximum retail price, andexpiry date on packaged goods from consumer goods industries such as food, dairy and softdrinks and industrial products including cables, pharmaceuticals, and fertilisers. CPIL’s sales andprofitability have been growing consistently in the past five years. While sales have increased at aCAGR of 15% to Rs 91.06 crore in FY 2014 from Rs 46.07 crore in FY 2010, PAT was up to Rs14.20 crore from Rs 2.03 crore. This was in spite of the Indian and global economy going throughmany upheavals in this period. The company is expected to register sales of Rs 108.76 crore andnet profit of Rs 17.05 crore in FY 2015. EPS works out to Rs 16.4. The share price trades at Rs103. P/E is to 6.3.Buy.

Gruh Finance (Rs. 218.00) (Code : 511288) : Housing finance company GruhFinance reported a 24.3 percent growth in its first quarter (April-June) net profit at Rs 42 crorecompared to Rs 33.8 crore in same quarter last year supported by strong net interest income. Netinterest income, the difference between interest earned and interest expended, shot up 28.6 per-cent on yearly basis to Rs 86.7 crore and total income grew 31.9 percent to Rs 241.6 crore duringthe same period. Asset quality improved on yearly basis. Gross non-performing assets (NPAs)were Rs 32.48 percent (0.44 percent of loan assets) as against Rs 26.30 crore (0.46 percent) andnet NPAs were 0.04 percent of loan assets as against 0.05 percent of loan assets in June 2013.Loan assets increased from Rs 5,727 crore to Rs 7,378 crore in June quarter. Provision jumped toRs 12 crore during April-June quarter from Rs 9.8 crore in same quarter last year. Buy at decline.

HCL Technologies (Rs. 1499.00) (Code : 532281) : As TCS has reported muchbetter than expected Q1 results last week, IT stocks are in limelight. HCL Technologies is one ofthe best pick in this sector. HCLT's growth commentary continues to be optimistic led by healthydeal signings, a large number of deals that are up for renewal in CY14, coupled with HCLT'ssuperior win rate in the rebid market. HCLT continues to see demand uptick in the US, Europe andinfrastructure management services (IMS). Noticeably, 38 percent of incremental revenues inFY08-13 were contributed by IMS as its contribution as a percentage of revenues rose 14 percent-age points (pp) during the same period. HCLT reported another in-line quarter helped by IMSpractice while commentary suggests demand uptick in both traditional ADM & IMS space A casefor re-rating exists as HCLT's current one-year forward PE represents modest 15 percent pre-mium relative to its five-year (FY08-13) average (12x), despite delivering 29.1 percent earnings


CAGR. Buy this stock before its results come out.

UltraTech (Rs. 2548.00) (Code : 532538) : Cement is among the few sectors tobenefit from the budget. Though there weren’t any specific proposals for it, the thrust given to infraspending is a big plus for the industry.The proposal to develop 100 new satellite towns, 16 newports and the spending for rural infrastructure should benefit cement manufacturers. After lastyear’s stunted demand growth of 3 per cent, the coming years should be much better for players.Butwith most cement stocks having run up sharply this year investors may be better off betting onlarger cement players. In this category, UltraTech Cement seems a good buy.UltraTech addednearly six mtpa capacity last year. These new capacities along with a large distribution networkand presence in tier II/III cities will help now. The stock is worth accumulating at this level. Buy fornext two to three years.You will get at least 30 per cent return.

Greaves Cotton (Rs. 116.00) (Code : 501455) : Greaves Cotton manufacturesvarious industrial engineering products like diesel & petrol engines, gensets, agro equipment andconstruction equipment. The business is operated through five main divisions - agricultural equip-ment, automotive, industrial engines, auxiliary power and construction equipments. In recent years,GCL has made rapid strides in the export markets. GCL has 11 manufacturing units located allover India, with overseas offices in UAE, Tanzania and China. The Company's manufacturingplants are equipped with state-of-the-art production facilities, backed by in house R&D.GCL is themarket leader in the three wheeler engines market, while it gradually increases its share in the 4WSCV market. GCL manufactures engines in the 1-4 HP range and portable gensets in the 1.4 KVArange which are popular for agriculture applications. The company has built a strong balancesheet, generates robust cash flows and has RoCE in excess of 20 percent. At P/E of 13.6x FY16EEPS of Rs7.2, the stock is relatively attractive when compared with the industry leader. Buy. Buymore at decline.


Dalal Street WhispersOpto Circuits: To gain from budgetary reliefs for medical equipmentsLypsa Gems: Board meeting on August 11 to decide on bonus issue

Globus Spirits: Templeton acquires big stake at huge premiumMRPL: Turnaround results, strong buzz of merger with ONGC

Chennai Petro: Fund managers turn buyers on the counterMTNL: Company to be revived using Gujarat model

SREI Infra: Candidate for a small bank licenseIndia Glycols: Likelihood of stock re-rating

PTC (I): Budgetary benefits for companyTata Tele: Vodafone eyes the company

Lypsa Gems (Rs. 172.00) (Code: 534532) :- The company's board is meeting onAugust 11 to decide on the bonus issue. Movement in the stock will go up ahead of that.

Chennai Petro (Rs. 89.00) (Code: 500110) :- Chennai Petro is a subsidiary of IOC.The company sells 80% of its products to IOC at international prices. The company has a goodtrack record of paying high dividend. Fund managers are turning buyers on the counter.

India Glycols (Rs. 126.00) (Code: 500201) :- This stock is a favourite of traders. Onaccount of its high value business, some noted brokerage houses are bullish on the stock, andsee possibility of a re-rating.

PTC (I) Finance (Rs. 33.00) (Code: 533344) :- The company has not participated inthe recent rally, but will benefit from the measures announced for infrastructure sector in thebudget.

MRPL (Rs. 69.00) (Code: 500109) :- Promoter ONGC holds 88.5% stake in the com-pany. The company is expected to register strong results for the first quarter to follow it up with theturnaround results in the last quarter of previous year. There is also a strong buzz of merger withONGC.

MTNL (Rs. 33.00) (Code: 500108) :- The Modi government is keen to revive PSUsusing the Gujarat model. The company has several assets, which the government wants to de-velop.

Tata Tele (Rs. 12.00) (Code: 532371) : - Shares of Tata Group companies have risenrapidly, but this share has not done so. Vodafone is said to be eyeing this telecom sector com-pany, and there is likelihood of its acquisition soon.

SREI Infra (Rs. 50.00) (Code: 523756) :- Infrastructure shares have zoomed in re-cent times, but this share has remained range-bound. The company is said to be planning to applyfor a small bank license after RBI announced new guidelines for the same.

Opto Circuits (Rs. 35.00) (Code: 532391) :- The union budget announced severalbenefits for medical equipment segment. This company is in particular expected to benefit fromthe budgetary announcements.

Globus Spirit (Rs. 82.00) (Code: 533104) :- Templeton fund has acquired a bigstake in this liquor sector company at a huge premium. There is likelihood of acquisition andconsolidation by this company in the coming days.


High Risk High Return SharesWipro: Strategic partnership with Canadian company to have positive impactWipro: Strategic partnership with Canadian company to have positive impactWipro: Strategic partnership with Canadian company to have positive impactWipro: Strategic partnership with Canadian company to have positive impactWipro: Strategic partnership with Canadian company to have positive impact

Kolte-Patil: Gets nod to develop land along Mumbai-Pune expresswayKolte-Patil: Gets nod to develop land along Mumbai-Pune expresswayKolte-Patil: Gets nod to develop land along Mumbai-Pune expresswayKolte-Patil: Gets nod to develop land along Mumbai-Pune expresswayKolte-Patil: Gets nod to develop land along Mumbai-Pune expresswayMarico: Morgan Stanley's aggressive buying puts stock in focusMarico: Morgan Stanley's aggressive buying puts stock in focusMarico: Morgan Stanley's aggressive buying puts stock in focusMarico: Morgan Stanley's aggressive buying puts stock in focusMarico: Morgan Stanley's aggressive buying puts stock in focus

Jayshree Tea: To gain from decision to exit sugar sectorJayshree Tea: To gain from decision to exit sugar sectorJayshree Tea: To gain from decision to exit sugar sectorJayshree Tea: To gain from decision to exit sugar sectorJayshree Tea: To gain from decision to exit sugar sectorNBCC: JV with Rajasthan government to add currentNBCC: JV with Rajasthan government to add currentNBCC: JV with Rajasthan government to add currentNBCC: JV with Rajasthan government to add currentNBCC: JV with Rajasthan government to add currentAdani Ports: Gets environmental nod for Mundra SEZAdani Ports: Gets environmental nod for Mundra SEZAdani Ports: Gets environmental nod for Mundra SEZAdani Ports: Gets environmental nod for Mundra SEZAdani Ports: Gets environmental nod for Mundra SEZ

Dredging Corp: Noted chartist sets Rs. 530 targetDredging Corp: Noted chartist sets Rs. 530 targetDredging Corp: Noted chartist sets Rs. 530 targetDredging Corp: Noted chartist sets Rs. 530 targetDredging Corp: Noted chartist sets Rs. 530 targetGlenmark Pharma: To establish first plant in USGlenmark Pharma: To establish first plant in USGlenmark Pharma: To establish first plant in USGlenmark Pharma: To establish first plant in USGlenmark Pharma: To establish first plant in USUltratech Cement: Flow of new news to be seenUltratech Cement: Flow of new news to be seenUltratech Cement: Flow of new news to be seenUltratech Cement: Flow of new news to be seenUltratech Cement: Flow of new news to be seenPiramal Glass: July 21 is delisting record datePiramal Glass: July 21 is delisting record datePiramal Glass: July 21 is delisting record datePiramal Glass: July 21 is delisting record datePiramal Glass: July 21 is delisting record date

DLF: Debt reduction plans to add currentDLF: Debt reduction plans to add currentDLF: Debt reduction plans to add currentDLF: Debt reduction plans to add currentDLF: Debt reduction plans to add current

Ultratech Cement (Rs. 2,548.00) (Code: 532538) :- The cement sector will ben-efit from the new government's thrust on infrastructure sector. The delayed monsoon will lead tohigher demand for cement. Prices will also go up. Experts say that there is likelihood of new newson the counter.

Adani Ports (Rs. 287.00) (Code: 532921) :- This Adani group company has re-ceived the environmental nod for its 8,481 hectare SEZ in Mundra. Adani Ports & SEZ is the onlyport-based SEZ in the country. Following the approval, APSEZ will be able to establish a megadesalination plant and effluent treatment plant and use sea water.

DLF (Rs. 221.00) (Code: 532868) :- The country's largest real estate company plansto raise Rs. 4,000 crores by issuing securities against its rented offices. The funds will be used toreduce its debt levels, which will have positive impact on the stock.

Piramal Glass (Rs. 138.00) (Code: 532949) :- The company is delisting its sharesfrom the stock exchanges at more than Rs. 140. Traders are treading cautiously on the stock asJuly 21 is the last day for trading.

Dredging Corporation (Rs. 478.00) (Code: 523618) :- The stock has consoli-dated in the range of Rs. 440 to Rs. 465 from some time. The stock has strong support at Rs. 450.According to a noted chartist in Mumbai, the stock can be acquired with a stop-loss of Rs. 450 witha target of Rs. 525.

Kolte-Patil (Rs. 163.00) (Code: 532924) :- The company has received the nod todevelop 140 acre land on Bombay-Pune expressway. The company has 51% stake in the ven-ture. Higher movement will be seen in the stock in the coming days.

Jayshree Tea (Rs. 96.00) (Code: 509715) :- This tea sector company is also en-gaged in sugar business. It, however, plans to exit the sugar business, which will have positiveimpact on its balance-sheet. The stock is available at attractive valuations as compared to MclleodRussell and will be in focus in the coming days.

Wipro (Rs. 547.00) (Code: 507685) :- The company has entered into a strategic tie-


up with Atco, which is based in Alberta, Canada. The partnership will allow the company to offertotal outsourcing solutions in Canada and Australia. The move will have positive effect on thestock.

Glenmark Pharma (Rs. 567.00) (Code: 532296) :- To tap the North Americanmarkets, the company plans to invest Rs. 500 crores to set up its first plant in US. The companywill be seen touching new highs in the coming days.

NBCC (Rs. 454.00) (Code: 534309) :- The shares of this PSU have been on the risefrom some time. The company recently announced a joint venture with Rajasthan government,which is adding current to it.

Marico Kaya Enterprise (Rs. 319.00) (Code: 538503) :- The shares of this MaricoGroup company has been on the move after its recent listing. Reports show that Morgan Stanleyhas purchased 75,156 shares in the company at an average price of Rs. 312.35, which is addingfancy to the stock.

Every Wednesday

ELðuMx{uLx

Financial WeeklyEvery Sunday


GLOBAL FX AUTHORITY

Himesh ShahAsst. Vice President

(India Forex Advisors Pvt. Ltd.)

Outlook on RupeeThis has been an eventful week for the rupee as domestic and glo-

bal factors led the currency play between gains and losses. The weekstarted with India’s inflation numbers. India's WPI for June came atfour month low of 5.43%.

However, currency depreciated post the release as investors ex-pect the inflation to increase in the coming month led by less rainfall inJune and hence higher food inflation which is one of the major compo-nents of WPI.

Later during the week, Rupee was seen falling after Federal Reserve's chairwoman Janet Yellen'scommuniqué in which she was seen proclaiming that upbeat data from US on a consistent basismay see Federal Reserve raising the interest rates sooner than anticipated.

On the last trading session, rupee was seen approaching the levels of 60.50 amid geopoliticaltensions as Malaysian plane was shot down in Ukraine. This led the investors to shift to safehaven assets leading to gains in the US dollar.

Technically, USDINR pair has been moving in the range of 59.50-60.50. Going ahead, anysustained break above 60.50 will lead to bullish trend in the pair.

Disclaimer :- Investment recommendations made in Smart Investment are for informationpurposes only and derived from source that are deemed to be reliable but their accuracy andcompleteness are not guaranteed. Smart Investment or the analyst / writer do not accept anyliability for the use of this column for the buying or selling of securities. Readers of this column

who buy or sell securities based on the information in this column are soley responsible for theiractions. The author, his company or his acquaintance may / may not have positions in the scrips

featured herein

web : www.smartinvestment.in

Editor : Dilip K. Shah

ARCHI PUBLICATIONS311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA

Phone : 079 - 2657 66 39, Fax : 079 - 2657 99 96 • Mob. : 0982500 6980

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


Mr. Anuj ChoudharyResearch Analyst,

(Angel Commodities Broking)

Commodity CornerCommodity CornerCommodity CornerCommodity CornerCommodity Corner

Chana prices to reboundChana prices on the futures were on a bearish trend since mid March '14 on the back of record

output of chana for the 2013-14 season due to increased area under the pulse coupled with favorableclimatic conditions which helped increase the yield. Prices declined from a high of Rs. 3416 in March2014 and touched a low of Rs. 2651 in early July, touching its lowest levels since August '13. Pricesgained earlier in February on fears of excessive cold conditions, unseasonal rains and hailstorms inthe major chana producing states which later subsided, and the damage was lesser than expectedearlier.

Prices in the August '14 futures declined from Rs. 3123 from the start of the contract and touched alow of Rs. 2745 earlier this month as ample supplies kept prices under check. Arrival pressure of thenew season crop coupled with sluggish demand in the physical markets also mounted downside pres-sure on the prices. Increased deposits of chana in the NCDEX accredited warehouses also led tobearishness in the prices. Chana stocks on the exchange warehouses stood at 122,336 tonnes as on17th July, 2014. Prices have gradually started to recover thereafter on revival of demand from lowerlevels.

Chana, the king of Pulses accounts for about 48 percent share in the domestic Pulses output.Being a Rabi crop, it is sown during October-December, while harvesting takes place in January andcontinues till May. During the last 5 consecutive years government has made a considerable hike inthe MSP of Chana as well as other pulses. From mere Rs 1760 per qtl in 2009-10 to Rs 3100 per qtl in2013-14, government's focus is to increase the productivity of chana and other pulses. Higher returns,hike in MSP and favorable soil conditions led to an increase in area under chana cultivation in 2013-14season. Area covered under chana in 2013-14 increased 7.4% at 10.21 mn ha compared to 9.51 mnha in 2012-13.

According to third advance estimates released by the Ministry of Agriculture in May '14, chanaoutput for 2013-14 has been pegged at a record 9.93 million tonnes, up 12.46 percent as against 8.83million tonnes in the previous year and a target of 8.66 mn tn. Total pulses output for 2013-14 seasonwas pegged at 19.57 mn tn, higher by about 6.7 percent compared to 18.34 mn tn previous year. Thetarget for 2013-14 pulses crop output was set at 19 million tonne. Sowing of kharif pulses as on 11thJuly stand at 1,346,000 ha against 4,316,000 ha. Sowing of Tur, Urad and Moong stand at 415,000 ha,207,000 ha and 432,000 ha respectively. Chana prices usually follow seasonality pattern, whereinprices reach their bottom in the month of May when the arrivals of the new crop are at their peak, andgradually start recovering June onwards. However, due to a delay in the cropping cycle the peakarrival period was extended towards the end of June, extending the downside in the prices. Graduallyprices started to recover from the second

We expect the prices to recover from lower levels on demand emerging at lower levels. Demandfrom the millers is also expected to improve at these prices. Festive season is expected to commencefrom August, which may see a rise in demand. Prices are currently trading sharply below the MSPlevels and thus, no sharp downside is expected from here. Prices may also take cues from the ad-vancement of monsoon and the sowing of kharif pulses. On the other hand, record output and comfort-able supplies may cap sharp upside movement in the prices and may also pressurize prices at higherlevels.

In the near term, Chana August prices which are currently trading around Rs 2870 per qtl mayfind strong support at Rs 2730 & 2650 per qtl and resistance at 2980 & 3080 per qtl.


Astromoneyguru says Lt Col Ajay09414056705, 9887056704

Positive for Agro commoditiesPositive for Agro commoditiesPositive for Agro commoditiesPositive for Agro commoditiesPositive for Agro commoditiesAs per Col Ajay CEO www.astromoneyguru.com Week started from 21st July 2014 to 25th July

2014 is represented by planet known as sun and year 2014 is represent by Ketu. During week Sun and Jupiter are with close conjunction. Moon, Mercury and Venus are also

close conjunctions. Mars and Saturn are together in Libra sign. All these combination may lead positive movement in Indian stock market. MY advance pre-

dictions for profit booking in gold proved correct. Gold has seen sharp profit booking from USD1341 to USD 1295. Sharp profit booking was also seen in Indian commodity market also. Hope allof you must have enjoyed big profit in gold.

Now this week Positive movement expected infrastructure, oil & gas, metal, media, automo-bile sectors. Short term traders may keep eyes on Sesa Sterlite Ind, Hindlaco, yes bank, Abanoffshore, and HPCL for this week. Baking sector was hit badly previous week. Now as per Ajaymarket theory banking and insurance sectors may see positive movement in stock market

South west monsoon has seen good rains fall at certain areas but as per Astro economicsthis year south west monsoon may not be very good. I have predicated well in advance in Monthof May 2014 through media and articles. Now weakness in south-west monsoon may effect onAgricultureproducts. Gram (Chana), Guarseeds,Soybean may see upward movement in Agrocommodities

This week Aries sign need to be careful in big volume trading. The above predictions wasmade base on financial astrology and numerology. Risk factors should always consider in futuretrading


Senior AstrologerDharmesh JoshiMob. : 9909941816

E-mail :[email protected]

Sensex Predictions : Dt. 21st July to 25th July

" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganeshaadvises you to compare every prediction with the prediction of the previous time slot.

21-07-2014 Monday :- " The Moon is posited in exalted Taurus. " Saturn-Mars, Sun-Jupiter, Mercury-Venus are in conjunction. The market will be closed on 29th July 2014 due toRamzan Idd. Friends, if you refer to the monthly graph file of 21st, 22nd, and 23rd July 2014, youshall come to know about Ganesha's predictions.

22-07-2014 Tuesday :- " Despite Moon being in good constellation, today is a day of highunpredictability. " If you don't have the capability of delivery, don't deal today, advises Ganesha.Today, you may feel that time is being wasted. You shall find it extremely difficult to distinguishbetween what's right and what's wrong, and so today you need to be very cautious.

23-07-2014 Wednesday :- " Ganesha observes quite a boring day today. " You maycontinually do jobbing today, and get tired, and then you might gain some money." Though Moonis in Mars constellation today, you might not be able to see its effect. " When European marketopens up, at that time it shall have an impact on Indian market, and Nifty shall witness Hammer-ing, Ganesha feels. " Last 2 hours at Nifty is time pass. So, if you work on smaller margins, youmight gain a bit, and the remaining may go for the brokerage fees.

24-07-2014 Thursday :- " Today, Moon, Mercury and Venus are conjunct, so Astrologi-cally Nifty might bounce in all likelihood. "Opening to 10.00, Nifty shall remain around the surfaceor might go below the surface. " From 10.00 to 13.00, Nifty shall witness positive moment. Ataround 11.00, a small correction might come in. " From 13.00 till Closing bell, Nifty might altertrend every 30 minutes, so accordingly reshuffle your position.

25-07-2014 Friday :- " As in the next week, Tuesday is a holiday, so don't hurriedlyattempt to take position on Monday. " Today, Moon is in Rahu's constellation, which means Moonis in Ardra constellation. Today, in Navmasha Kundali also: Moon and Ketu along with Jupiter,Sun and Rahu, are in combination. Today is a dull period, feels Ganesha. Avoid taking positionrelying on Pre-Opening and Opening. With Ganesha's Grace


REVIEW OF “SMART PLUS NEWS LETTER”Amazing 32 % RETURN SMART GAIN FOR SMART INVESTORS

Company Reccom. CMP %14/7/14 18/7/14

Mon. FridayPetronet 178.5 185 3.6Ranbaxy 537 554 3.2Fedders Lloyd 73 84 15.1Elder Health 81 83 2.5Ramco Ind. 64 69 7.8Roto Pumps 328 416 26.8Alembic Ph. 308 345 12Finolex Cable 197 210 6.6TCS 2350 2486 5.8Arvind Ltd. 203.1 235 15.7IRB Infra 243 268 10.3ISGEC Heavy 2006 2300 14.7Rallis India 210 226 7.6Atul 1018 1081 6.2TIL Ltd. 410 445 8.5PVR 625 669 7FAG Bearing 2620 2825 7.8Bharat Forge 629 732 16.4Cox & King 230 266 15.7JBF Ind. 131 142 8.4Jain Irrigation 102 109 6.9R. S. Software 364 401 10.2

Company Reccom. CMP %14/7/14 18/7/14

Mon. FridayPolarish 216 236 9.3J. K. Tyre 269 315 17.1DCB 75 83 10.7IDEA 134 140 4.5IDFC Limited 148 165 11.5Tata Motors 445 477 7.2L & T 1574 1694 7.6Gruh Fin. 200 222 11Astra Micro 129 146 13.2Deepak Fert. 161 184 14.3Future Retail 121 133 9.9Liberty Shoes 276 318 15.2Capline Point 264 308 16.7Plasti Blends 179 204 14Apcotex 166 183 10.2IFGL Refractories148.5 158 6.4Jindal Poly Films 226 246 8.8M. T. Educare 115 130 13Sangam India 60 78 30APTECH 87 92 5.7NCC 70 75 7.1HCL Info 58 77 32.8

Log on to..... www.smartinvestment.in

Only Subscribers will get SMART PLUS NEWS LETTERon their E-mail Address

Combined Package for Weekly & News Letter

1 Year 2 Year 3 Year

1. Gujarati 1900 3200 4400

2. English 1500 2500 3500

Guj. & English E-Copy (Every Saturday)With Smart Plus News Letter (Every Sunday)

E-mail Edition (Soft Copy) of Smart Plus News Letter(Every Sunday) (5 Page) * For Private Circulation only


1. Smart Plus 1000 1700 2400

E-mail Edition (Soft Copy) (Every Saturday)


1. Gujarati 1100 1800 2400

2. English 700 1200 1700

Hard Copy (Every Monday)

Subscription Rates Revised from : 1st June 2014

** Hard Copy will be send by post only. If required through Courier, Rs.25/- Extra per copy


1. Gujarati 1200 2100 2900

2. English 750 1300 2000

e-copy

Documents

soft copy email edition

copy orforwarding

sell hpcl

sell siemens

sell syndicate

closed theweek

price tgt

weekly charts