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4th

August 2018 Issue - 311

Sensex ends 390 pts higher, Nifty tops 11,350

Buying counters were buzzing across all sectors for the

market on Friday, which pushed benchmark indices

higher. The Sensex ended the day almost 400 points

higher, Nifty managed to scale past 11,350.

The Sensex is up 391.00 points or 1.05% at 37556.16,

while the Nifty is up 116.10 points or 1.03% at 11360.80.

The market breadth is positive as 1,736 shares advanced,

942 shares declined, while 158 shares are unchanged.

Banks, metals and FMCG were the major sectoral gainers,

while midcaps too saw a big gain; up almost a percent.

Axis Bank, Vedanta, and Indiabulls Housing were the top

gainers, while Tata Motors, Hero MotoCorp, and Tech

Mahindra have lost the most.

Suzuki Motorcycle India sales up 47% in July

Suzuki Motorcycle India Pvt Ltd (SMIPL) today

reported 47.1 percent increase in total sales at

58,805 units in July as against 39,976 units in the

same month last year. Domestic sales grew by 56.6

percent at 53,321 units last month as compared to

34,038 units in July 2017, SMIPL said in a

statement.

RBI goes for back-to-back repo rate hike first time

since October 2013

The Reserve Bank of India (RBI) on Wednesday hiked

repo rate following its August monetary policy meet. The

central bank's monetary policy committee (MPC), headed

by governor Urjit Patel, raised the repo rate by 25 basis

points (bps) to 6.50 per cent.

The RBI has maintained a 'neutral' stance in the policy as

it aimed to contain inflation while not choking growth.

This is the first time since October 2013, where RBI has

gone for a back-to-back rate hike, having increased repo

rate by 25 bps to 6.25 per cent in its last policy meet in

June.

Corporate Action

Company Name Type

& Percentage

Record Date Ex-Date

BONUS DIL 1:1 09-08-2018 08-08-2018

Wheels 1:1 09-08-2018 08-08-2018

Split Gallantt Ispat New FV 1 07-08-2018 -

DIL New FV 5 08-08-2018 -

Dividend

WPIL Final (40%) - 06-08-2018 Tide Water Oil Final (200%) - 06-08-2018 Suryalata Spg Final (15%) - 06-08-2018

Oracle Fin Serv Final (2600%) - 06-08-2018 Nelcast Final (50%) - 06-08-2018

Mysore Petro Final (20%) - 06-08-2018 Monsanto India Final (150%) - 06-08-2018

KRBL Final (230%) - 06-08-2018 Indag Rubber Final (75%) - 06-08-2018

Bayer CropScien Final (180%) - 06-08-2018 Sanofi India Interim (180%) 07-08-2017 06-08-2018

Godrej Consumer Interim (200%) 07-08-2017 06-08-2018 Datamatics Glob Final (05%) - 06-08-2018 Cochin Shipyard Final (120%) - 06-08-2018

AVT Natural Final (20%) - 06-08-2018 TCFC Finance Final (15%) - 07-08-2018

Wheels Final (90%) - 08-08-2018 Motherson Sumi Final (225%) - 08-08-2018 Poddar Housing Final (15%) - 08-08-2018

GRP Final (12.50%) - 08-08-2018 JK Paper Final (25%) - 08-08-2018

West Coast Pap Final (200%) - 09-08-2018 UPL Final (400%) - 09-08-2018

Suprajit Eng Final (80%) - 09-08-2018 LIC Housing Fin Final (340%) - 09-08-2018

Lumax Auto Tech Final (100%) - 09-08-2018 Castrol Interim (45%) 10-08-2018 09-08-2018 CDSL Final (35%) - 09-08-2018

A.K.Capital Ser Final (60%) - 09-08-2018 Thejo Engg Final (40%) - 10-08-2018

Nestle Interim (0%) 13-08-2018 10-08-2018 Kalyani Steels Final (100%) - 10-08-2018

Nifty Spot In Last Week :-

As we saw the Price Movement in Nifty Spot in last week that In Upside is 11,390.55 and in Downside 11,235.

Nifty Spot In Upcoming Week:

There is strong support is 11,070. Buy in every dips with stop loss 11,070 for target 11,450 Close above 11,453 next up

side rally 11,700 to 11,800. Below 11,070 Nifty can reach to 10,850 possibly.

Bank Nifty in Upcoming week:

There is a very Strong support in downside level of 27,400. Buy in every dips with stop loss 27,040 for target would be

27,850 as a strong resistance. Close above 27,850 next rally would be 28,200 to 28,700.

BANKNIFTY WEEKLY CHART

COPPER WEEKLY CHART

COPPER:- There is a strong resistance level

of 446 on upside; Investors can sell on rise

Copper with the Stop loss of 450 and target

will be 402 Buy on dips with the Stop loss 402

for target 425 to 440.

CRUDE OIL :- Buy on dips in the

range of 4,560 to 4,520 with the stop loss

4,380 target will be 4800 to 4950.

CRUDE OILWEEKLY CHART

SILVER:- Buy on dips with the Stop

loss of 37,200 for target 38,750 to 39,300.

If Close below 37,200 next target will be

33,600 possibilities.

GOLD:- Buy on dips around

29,200 with the Stop loss

28,900 for target will be

29,800 to 30,700 possibilities.

NATURALGAS:- Buy on dips

around 191 with the stop loss

of 185, target will be 200.

GOLD WEEKLY CHART

SILVER WEEKLY CHART

NATURALGAS WEEKLY CHART

Nifty WEEKLY CHART

USDINR: : Investors can buy on dips in the range of 68.20 to

68.30 with a stop loss of 67.70. On upside target will be 69.10

to 69.40 if close above 69.40 then next target will be 70.50 to

72.00.

GBPINR: : Investors can buy on dips with the stop loss of

88.70 and in upside the target will be 90.70 to 91.04. Investors

can sell in the range of 90.70 with a stop loss of 91.05 then next

target will be 89.40 to 88.70.

USDINR CHART

GBPINR CHART

EURINR: : Investors can sell on rise in the range of 80.25

to 80.70 range with a stop loss of 80.95, target will be 79.80 to

79.50, and buy on dips around 79.50 with the stop loss 78.70

On upside target will be 80.25 to 80.70 .

EURINR CHART

JPYINR: Investors can sell on rise in the range of 62.09 to

62.20 with a stop loss of 62.73, target will be 61.50 to 61.15.

JPYINR CHART

Factors affecting Currency Rates:

Most Asian Currencies are falling against Dollar but Rupee has been worst performer, fell around 8% YTD.

It is being speculated that China is planning to devalue its currency. The fear of beginning of currency-war after

trade-war is gaining ground. In such scenario, RBI has opted to increase date by 0.25% with the intention to keep the

inflation within 4% limit. This has been taken positively & rupee remained strong against Dollar.

The next move of rupee and other currencies will depend on the stances by Fed Reserve.

Charts Showing trends of Dollar Index v/s USD/INR & USD/EUR

Premium / Discount (USD/ INR)

Based on Forward Rates

Duration Premium

One month

Forward

0.44

Three month

Forward

0.46

Six month 1.24

One year 2.51

RBI reference Rates

Currency Rates

USD 68.70

GBP 89.99

Euro 79.98

100 Yen 61.84

IPO Product Not of CreditAccess Grameen

About The Company

CreditAccessGrameen Ltd. (CAGL) is a leading Indian micro-finance institution headquartered in Bangalore, focused on

providing micro-loans to women customers predominantly in Rural Areas in India. According to CRISIL Research, CAGL is

the third largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2017. Company’s wide range of lending

products addresses the critical needs of its Customers throughout their life cycle and includes income generation, family

welfare, home improvement and emergency loans.

It focuses predominantly on Customers in Rural Areas in India, who largely lack access to the formal banking sector and

present a latent opportunity for offering micro-loans. Company’s focus customer segment is women having an annual

household income of Rs. 160,000 or less in Urban Areas and Rs. 100,000 or less in Rural Areas. It provides loans primarily

under the joint liability group ("JLG") model.

CAGL introduced individual retail finance loans for customers who had been its Customers for at least three years and fulfill

certain other eligibility criteria linked primarily to their credit history with the company, income, and business position.

Company has followed a strategy of contiguous district-based expansion across regions and, as of March 31, 2018, it

covered 132 districts in the eight states (Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh, Madhya Pradesh, Odisha,

Kerala, Goa) and one union territory (Puducherry) in India through 516 branches and 4,544 loan officers.

CAGL’s operations are well –diversified at the district level, with no single district contributing more than 5% to its Gross

AUM (apart from one which contributed less than 6% to Gross AUM) as of March 31, 2018.Company’s customer base

increased from 0.50 million Active Customers as of March 31, 2014 to 1.85 million Active Customers as of March 31, 2018.

According to management, as Bharat Finance is getting merged with IndusInd Bank, CAGL will be the Numero Uno in micro

finance segment very soon.

Financial Performance

Note:-

Despite growth in top line, it suffered a setback in bottom line for FY17 that is attributed to demonatization. For last

three fiscals, it has posted an average EPS of Rs. 11.22 and an average 11.26%.Its Gross NPA stood at 1.97% and

net NPA at 0% as on 31.03.18. Its debt ratio is at 2.52 as on said date.

Year Revenue(Cr) PAT(Cr) AUM(cr)

FY14 147.83 16.626 809.52

FY15 281.43 48.732 1,447.07

FY16 466.72 83.241 2,538.78

FY17 709.26 80.298 3,075.44

FY18 875.21 124.64 4,974.66

IPO Details

Open Date: Aug 08 2018

Close Date: Aug 10 2018

Total Shares: 26,805,394

Face Value: ₹ 10 Per Equity Share

Issue Type: Book Built Issue IPO

Issue Size: 1131.2 Cr.

Lot Size: 35 Shares

Issue Price: ₹ 418-422 Per Equity Share

MH Take :-

According to the all these parameters Market-Hub recommend to all clients among their valuable investor to participate in this issue for medium to long Term with a small amount holding.