2017 January 15

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37
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 9 • Issue No: 47 RNI No : GUJENG / 2008 / 24320 15th Jan. 2016 to 21st Jan. 2017
○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○
FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
-1-2017 2183.14 2508.24 -325.1
10-1-2017 3569.04 3590.24 -21.2
11-1-2017 3906.72 4534.02 -627.3
12-1-2017 3395.82 3408.59 -12.77
13-1-2017 3227.58 3345.17 -117.59
Total 16282.3 17386.26 -1103.96
FII Activity (Rs. Cr.)
9-1-2017 1919.83 1823.01 96.82
10-1-2017 2458.26 2204.9 253.36
11-1-2017 3964.24 2848.09 1116.15
12-1-2017 2224.14 2334.22 -110.08
13-1-2017 2345.04 2818.54 -473.5
Total 12911.51 12028.76 882.75
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SMART
INVESTMENT
15th January 2017 to 21st January 2017 3
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview :
Nifty Overview: On Thursday, Nifty closed at 8422. It seems Nifty has reached the retracement level
and if it can extend then it can go maximum till 8455 levels. However, we maintain our negative bias and
would look to sell as we find opportunity.
Bank Nifty Overview : On Thursday, Bank Nifty closed at 18899. Bank Nifty has been the reason for
Nifty to go up. Bank Nifty may give extended move till 19150/19200 but then it might find some resistance
which will compel it to correct or consolidate.
Last Recommendation Review
Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
ACC 500425 Buy 1315 1364 Target Achieved
Bank of India 532149 Buy 105 115 Target Achieved
Britannia 500825 Buy 2890 2998 Target Achieved
Castrl 500870 Buy 388 398 Target Achieved
IBULSHSGFIN 535789 Buy 660 729 Target Achieved
Petronet 535789 Sell 387 361 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Asian Paints 500820 931 910/920 940 970 890
Britannia 500825 2950 2925/2940 2980 3000 2900
HCL Tech 532281 843 830/840 860 880 820
Jet Airways 532617 391 380/390 400 415 374
Jindal Steel (Delivery Buy)532286 80 76/80 90 100 70
Jub Food 533155 843 830/840 860 900 810
KSCL 532899 437 425/435 450 470 410
Wockhard Pharma 532300 687 675/690 710 740 660
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Biocon 532523 1010 1040/1050 1020 1000 1070
Hind Zinc 500188 276 280/285 270 260 292
IOC 530965 353 356/360 350 340 370
Yes Bank 532648 1328 1328/1350 1310 1280 1375
Note : All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not available in futures then BSE Cash price). All
these calls are given based on daily charts but intra-day signals are equally important to enter the trade in a timely manner. Timing is very important and we at
shareinfoline.com give you timely calls based on intra-day charts.
Read Disclaimer at ShareInfoline.com
SMART
INVESTMENT
Dark Horse
SMART BUY OF THE WEEK
Pitti Laminations Ltd.

(513519 & NSE) (Rs. 62.00) (FV.5)
Pitti Laminations Limited promoted by Sharad B. Pitti, was founded in 1983 and is India's
largest and most reputed manufacturer of Electrical Steel Laminations, Motor Cores, Sub-
Assemblies, Die-Cast Rotors and Press Tools. Company is the largest exporter of lamina-
tions from India. Company has already diversified into manufacturing of Castings, Steel
Fabricated Parts and machined components stator and rotor assemblies with plans of diver-
sifying into forgings. Growth is targeted through continuous forward and backward integration
plus enhancement of capacities. Its corporate office is based in Hyderabad, India and their
state-of-art manufacturing facilities, located about 45km away. Company's present installed
capacity is 32,000 TPA of laminations and is being expanded further, in stages to 50,000
TPA. The company's products has applications in industrial motors, alternators, hydro-elec-
tric and thermal power generators, wind power generators, DC machines, railway traction
motors, pumps, medical diagnostic equipment, and aeronautic wing control motors. It serves
power generation, transportation, industrial motors, locomotives, aerospace, automobile, earth
moving and mining, oil and gas, and infrastructure industries.
It has an equity base of just Rs.13.50crore that is supported by reserves of around
Rs.93.46crore. The Promoters hold 60% while the investing public holds 40% stake in the
company.
For Q2FY17, PLL achieved a turnover of Rs.66.71crore with PAT of Rs.1.51crore against
a loss of Rs.2.77crore fetching an EPS of Rs.0.56. During H1FY17, its posted profit of
Rs.2.75crore as against a loss of Rs.1.27crore in H1FY16 on sales of Rs.124.77crore fetch-
ing an EPS of Rs.1.02.
After turn around numbers in H1FY17, stock is looking hot & explosive even at this level.
One can buy this stock with stop loss of Rs.47. On the upper side stock will zoom up Rs.75-
80 levels in medium term while Rs.110 levels in long term…
SMART
INVESTMENT
Subramanian Mahadevan
Stock Buzz [email protected]
Hindustan Oil Exploration Company

(Rs.67):Dark Horse!
Hindustan Oil Exploration Company Limited (HOEC) -is the Chennai based first private sector
company in India to venture into oil and gas exploration two decades back, which has oil and gas
exploration activities currently underway in Assam and Gujaratis now on the cusp of turning the
corner under the new management after its erstwhile promoter, Italy-based Eni SpA, exited some-
time in February 2016 and have become the minority investor. HOECexpects to produce gas from
its Assam field beginning Q4 2016 which will certainly mean a decisive turning point for the com-
pany, whose revenues fell from a high of ?328 crore in 2010-11 to ?37 crore in 2015-16. The big
story of HOEC is the production of gas from the Dirok field in Assam (AAP-ON-94/1), in which
HOEC has a 27 per cent interest while public sector oil majors Indian Oil and OilIndia have the
rest. Dirk field has the capacity to produce 20 million cubic feet (600,000 cubic meters) per day of
gas and 100 barrels of condensates (liquid similar to crude oil) which is good for another 15 years
minimum. Once HOEC starts getting stable cash flows from this field, it may look to develop other
assets to script a new story in the listed oil and gas exploration space as sooner or later Cairn India
will get merged with Vedanta leaving HOEC the only Indian company in the private sector to watch
out for. HOEC is now controlled by visionary promoters and being run by impeccable team of extra-
ordinary professionals with proven track record of more than three decades of experience. Inves-
tors may buy on every decline for minimum 50% returns in two year time frame.
MEP Infrastructure DevelopersLimited

(Rs. 41):Better Highway!
MEP Infrastructure Developers Limited (MEP) - is a Mumbai based company and considered as
one of India's leading infrastructure operator and toll management companyfocusing on serving
central and state road authorities across the country, for managing, operating and maintaining their
road assets with presence across 12 states within the country. Today MEP is an end-to-end ser-
vice provider, covering OMT services, Toll Collection, BOT assets and construction of bridges.
More specifically, MEP maintain and operate roads, highways, flyovers and bridges, and also col-
lect toll on behalf of the clients. Along with its subsidiaries, MEP has completed 95 projects under
its management across India - many of them first of a kind - in 12 states, including an aggregate of
182 toll plazas and 1086 lanes and undertakes toll collection at the Rajiv Gandhi Sea Link project,
Mumbai since its opening in 2009. MEP Infra came out with an IPO in April 2015 to raise around
324 crore issuing at Rs.65/share mainly intended to retire some debt and for some additional work-
ing capital requirement. Considering its performance in the preceding five quarters, slew of huge
order wins and management optimism coupled with 35% discount in its current price compared to
its IPO, investor can considering buying at current levels for up to 50% returns in two years' time.
Company still has the potential to post an EPS of Rs. 3.5 for full year FY17 and Rs.4.5 in FY18
which translates into a P/E of less than 12.
- Subramanian Mahadevan
SMART
INVESTMENT
Till how long you will think
to be a Crore Pati ?
Log on....
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SMART
INVESTMENT
Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )
E-mail ID : [email protected]
Market is scaling high

As per our last edition ,we had perfectly stated
Market is looking firm above 8200 and given upside targert of 8400-8450 and we did see
market swung high from 8235above to 8400 levels within a week time ,all this states that
market is inching slowly upside and now 8200 has become major support for bulls and
market is making higher high in weekly basis earlier weekly close was above 8243 and this
market is above last week close .
We had mentioned in our earlier edition that this week we will see steady movement up .
Now 8450-8500 is a major resistance and call writing can been seen at these levels
important hurdle for bulls to overtake to confirm 2017 as abull year .
GST_jan16 meeting to break impasse and give results,
In stocks and sectors in our last edition we had recommended banks and metals
We had given axis at 445 now 457 ICICI at 256 for 275
Tatasteel at 420 now 445,
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
02-Jan-17 8210.1 8212 8133.8 8179.5 -6.3
03-Jan-17 8196.05 8219.1 8148.6 8192.25 12.75
04-Jan-17 8202.65 8218.5 8180.9 8190.5 -1.75
05-Jan-17 8226.65 8282.65 8223.7 8273.8 83.3
06-Jan-17 8281.85 8306.85 8233.25 8243.8 -30
Net Weekly Gain 58
S&P BSE Open High Low Close Diff
02/01/2017 26,711.15 26,720.98 26,447.06 26,595.45 -31.01
03/01/2017 26,616.92 26,724.40 26,488.37 26,643.24 47.79
04/01/2017 26,677.22 26,723.37 26,606.06 26,633.13 -10.11
05/01/2017 26,738.42 26,917.21 26,738.42 26,878.24 245.11
06/01/2017 26,929.69 27,009.61 26,733.33 26,759.23 -119.01
Net Weekly Gain 132.77
SMART
INVESTMENT
Technical News : 16-1-2017 to 20-1-2017
Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
• Nifty Future :-
NIFTY FUT SUPPORT AT 8320-8250 AND RESISITANCE 8480-8550
STRATEGY :- BUY NIFTY ON DIPS TILL 8280 SL 8250 TA 8550-8700
• STOCKS F&O:-
CASTROL (398) :- BUY CASTROL ON DIPS 388 SL 380 TA 424-35
DABUR (279) :- BUY DABUR ON DIPS TILL 270 SL 264 TA 294-300
PTC (83) :- BUY PTC ON DIPS TILL 80 SL 78 TA 88-90
SIEMENS (1180) :- BUY SIEMENS ON DIPS TILL 1160 SL 1140 TA 1240-65
• SELL STOCKS
SELL BIOCON ON RISE TILL 1040 SL 1065 TA 980-65
SELL GLENMARK ON RISE TILL 910 SL 922 TA 874-60
• DELIVERY STOCKS
BUY KALYANI STEEL SL 290 TA 400-40
DISCLAIMER :- The Recommendations are based on technical analysis. There is a risk of loss
in trading.Please visit website www.dallalstreet.org for full disclaimer and disclosures.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Trident 521064 64.00 Liberty Shoes 526596 179.00
Meghmani Or. 532865 44.00 Guj. Alkalies 530001 360.00
K. M. Sugar 532673 32.00 Coro. Intl. 506395 327.00
NHPC 533098 29.00 Yes Bank 532648 1314.00
JSW Energy 533148 65.00 Timken India 522113 622.00
D-Link 533146 114.00 Vindhya Tele. 517015 625.00
Patel Engg. 531120 86.00 Finolex Ind. 500940 445.00
Anjani Port. 518091 172.00 Lumax Ind. 517206 1019.00
NTPC 532555 171.00 God. Prop. 533150 328.00
Federal Bk. 500469 72.00 Indusind Bk. 532187 1214.00
Adani Port 532921 291.00 Force Moto. 500033 4349.00
Kushal Trad. 536170 592.00 HCL Tech. 532281 850.00
Hathway Cab. 533162 37.00 Dhanuka Agri. 507717 771.00
Jagran Prak. 532705 184.00 Bata India 500043 476.00
SMART
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]
Pull - Back Gathers Momentum

Indices Crosses 200 DMA ;- The Pull-back which started three weeks back from the low
of Nifty 7900, gathered momentum this week when both Sensex overcame the strong hurdle
posed by the critical level of 200dma. As a result the outlook has turned positive and resulted
in a sort of Pre-Budget Rally. Market participants still need to keep in mind that it still remains
a Pull-back rally and not a trend reversal. Nifty is likely to face strong resistance near the
zone of 8460-8510.
Technically Speaking :- This week both the indices crossed and closed above the Resis-
tance zone of Sensex 26922-27001 and Nifty 8279-8304 which was due to confluence of
200dma and a Fibonacci Retracement level. As a result the Pull-back rally has gathered
momentum and is headed further up but still it cannot be termed as a reversal of the prior
trend. The Pull-back levels are placed at Sensex 27001-27397-27794 and Nifty 8304-8431-
8558.
On the near front, both the indices will face strong hurdle in the form of a Bearish Gap
between Sensex 27344-27457 and Nifty 8460-8510.
The indices have made an intermediate bottom at Sensex 25700 and Nifty 7900. Only a
break below this level will spell doom for the Bulls as it will complete a strongly bearish
pattern. Till the indices remain above this level, one can expect the Pull-back to continue. A
Last Weeks Recommondation This Weeks Recommendations

Stocks Reco.Price TGT Reached Lot Size Profit
Buy BemL 993 1061 1242 600 1,49,400 Rec. Name CMP SL TGT-1 TGT-2
Buy Siemens 1164 1202 1189 500 12,500 Buy TataComm 671 656 694 719
Buy MoiL 401 416 429 1000 28,000 Buy HPCL 494 483 511 529
Buy AtlasCycle 450 493 557 1000 1,07,000 Buy AdaniPort 292 285 303 315
Buy RCF 54 58 58 10000 40,000 Buy GaiL 442 431 459 477
Total Rs. : 3,36,900
Buy PowerGrid 198 194 206 213
:::: INDEX LEVELS ::::

S3 S2 S1 Close R1 R2 R3
NIFTY 8111 8218 8306 8407 8510 8614 8736
SENSEX 26166 26540 26914 27247 27618 28010 28417
SMART
INVESTMENT
Trend Reversal can occur only if Sensex closes above 27794 and Nifty above 8558.
MACD and Price ROC are both positive and continue in Buy mode. RSI (66) suggests
bullish momentum. Stochastic Oscillator %K (97) is above %D, indicating a continuation in
Buy mode. ADX is at 26 which suggest that downward trend is not over yet. Directional
Indicators have given a Buy as +DI has gone above -DI. MFI (88) suggests Positive Money
Flow, but is in overbought territory. OBV continues in sideways mode. Thus Oscillators are
suggesting a bullish bias in the near term.
This week, both the indices tested and managed to close above the long term average of
200dma. Already, both Sensex and Nifty were above the medium and short term average of
50dma and 20dma. Thus the trend in the short term, medium term and even the long term
timeframe continues to remain upwards.
Options data for January series indicate highest Call Open Interest build-up at the strike of
8400 and highest Put build-up remains at 8000. Thus Options data suggests a trading range
with resistance coming in at 8400 and support at 8000.
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SMART
INVESTMENT
Terrific Shots - Dilip K. Shah
Timken India (Rs629.00) (Code: 522113) :- Industrial machinery manufacturing com-

pany manufactures gear drives, couplings, belts, chains, bearings and mechanical power trans-
mission components. It has total 1400 employees in 28 countries and sells its products under
different brand names like Timken, Bii, Carlisle, Drives, Fafnair, Interlube and Philadelphia Gear.
On November 1, 2016 it acquired ETD Coat which supplies stainless steel ball bearings to food
sector. In September quarter, the company's income increased by 12.48% at Rs297 crore, while
profit increased by 42% to Rs29.86 crore. It is a debt free company. It could be best by in medium
term.
Gujarat Alkalies (Rs.359.00) (Code:530001) :- Government of Gujarat owned
company's market cap is Rs2643 crore. In the first half the company's incoe increased from Rs
953.40 crore to Rs1053.12 crore, while profit increased from Rs91.76 crore to Rs173.68 crore with
EPS of Rs23.65. As against equity of Rs73.44 crore, the company has reserves of Rs2245.14
crore. The chemical sector has been performing well and also given good returns. The stock seems
to be attractive and phased wise investment is advisable. The stock quoted at lower valuation
compared to its peers. It may touch Rs450 level in near future.
Vindhya Telelink (Rs.618.00) (Code:517015) :- The company manufactures jelly
field telecom cables along with power cable and copper cables. The company has two segments:
Optic Fiber and EPC. The main customers of the company are BSNL, Railway and NTPC. It also
provides solutions in power and sewerage projects. The company may benefit from the government's
thrust on digital india and smart city projects. The company recorded net profit of Rs18 crore on
income of Rs240 crore with EPS of Rs15.14 in the September quarter. The stock can be bought
with target of Rs850.
Bharat Electronics (Rs.1547.00) (Code:500049) :- Defense sector has attracted
huge investment in last couple of years under Modi Government and it seems to have huge oppor-
tunities in future as well. It is the biggest supplier to the defense sector in India. It also manufactures
electronics equipment including EVMs used in elections. In September quarter, the company's
income increased from Rs1544.99 crore to Rs1794.62 crore, while profit increased from Rs205.85
crore to Rs346.25 crore with EPS of Rs14.43. It issued bonus in ratio of 2:1 last year. The budget
promises big announcements for the defense sector, so the stock may be considered for invest-
ment.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or
my clients may have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the
company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not
be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or may not be substainedin
future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
SMART
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Selected shares will witness positive movement

(Closing on 12-1-2017)
BSE Index (27297.16) :- The index is moving up from bottom of 25753.48. It shows overbought
position on daily and weekly basis, while oversold on monthly basis. On upward movement, be-
yond 27263 it may go up to 27330, 27440, 27460, 27525, 27590 and 27650. On downward move-
ment, below 27060 it may go down to 27000 with support at 26915.
Nifity Future (8418.00) :- The index is moving up from bottom of 7896.35. it shows overbought
position on daily and weekly basis, while oversold position on monthly basis. On upward move-
ment, beyond 8425 it may go up to 8445, 8470, 8495, 8520, 8545 and 8570. On downward move-
ment, below 8380 it may go down to 8368, 8343, 8318 with support at 8298.
Bank Nifty Future (18901.30) :- It is improving from bottom of 17617. It shows overbought posi-
tion on daily basis, neutral on weekly basis and oversold position on monthly basis. On upward
movement, beyond 18985 it may go up to 19060, 19130, 19200, 19275 and 19350. On downward
movement, below 18830 it may go down to 18697, 18625, 18553 with support at 18480.
Tata Steel (447.55) :- It is improving from bottom of 377.75. It shows overbought position on
daily basis, neutral on weekly basis and overbought position on monthly basis. On upward move-
ment, beyond 471 it may go up to 483, 494 and 515. On downward movement, below 432 it may
get support at 422.
Siemens (1179.55) :- It is improving from bottom of 1046. It shows overbought position on daily
and weekly basis, while oversold position on monthly basis. On upward movement, beyond 1198
it may go up to 1210 and 1245. On downward movement, below 1155 it may get support at 1148.
Jindal Steel & Power (80.65) :- It shows improvement from bottom of 64.90. It shows towards
overbought position on daily basis, neutral on weekly basis and towards neutral position on monthly
basis. On upward movement, beyond 89 it may go up to 92, 95, 98 with important resisting level at
102. On downward movement, below 76 it may go down to 73.
Bank of India (114.15) :- It shows slow improvement after stopping at 102.75. It shows over-
bought position on daily basis, while overbought to towards neutral on weekly and monthly basis.
On upward movement, beyond 118 it may go to 124 with important resisting level at 129. It may get
support at 110.
ACC (1241.60) :- It shows improvement from bottom of 1269.55. It shows towards neutral posi-
tion on daily and weekly basis, while oversold position on monthly basis. On upward movement,
beyond 1365 it may go up to 1385, 1406, 1435 and 1455. It may get support at 1320.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
The Desire to succeed means
nothing without the will to prepare !
SMART
INVESTMENT
Dilip Davda Best Buy
e-mail Expert’s Eye TCS, APL Apollo,
[email protected]
Amal
FIIs exit continued

Local support cheers market
In the week under report, till Thursday, while first session ended in red, green closings for the
following three sessions kept market in green zone. Such trend despite FIIs continued exit is attrib-
uted to fresh buying and support from DIIs and local operators who are expecting positive rewards
from Demonetization and the forthcoming finance budget. Although budget proposals will weigh
GST roll out timings, it will try to adjust the post GST regime and may have some surprises in store.
Northward march of markets amidst ongoing inauspicious fortnight has surprised one and all.
NSE Nifty and S&P BSE Sensex moved in the range of 8461 to 8227 and 27459 to 26701
respectively during the week.
Secondary Market :- After soft opening on Monday on a positive note, market gave up post
noon to close in red as profit booking at higher levels remains the order of the day amidst global
uncertainties. NSE Nifty lost mere 7.75 points to close at 8236.05 and BSE Sensex marked deficit
of just 32.68 points to end the day at 26726.55. Mixed global cues kept a tab on our markets.
However, Mid and Small cap indices outperformed benchmarks. Market breadth remained posi-
tive. Banking, Metal, FMCG and IT counters were in limelight, while pharma counters met with
profit booking at every rise. FIIs remained net sellers. Sterling Tools turned ex-split (5 for 1).
On Tuesday indices marked gap up openings and continued tempo for the day. NSE Nifty scored
52.55 points to end the day at 8288.60 and BSE Sensex gained 173.01 points to close at 26899.56.
Positive trends of European markets helped our market to gain momentum. Mid and Small cap
indices continued gaining trends. Metal counters maintained tempo of rise and got support from
Auto, Banking and Capital Goods counters while banking counters met with mixed trades. FIIs
remained net sellers.
Markets opened on a firm note on Wednesday too and scaled to recent new highs. NSE Nifty
gained 92.05 points to close at 8380.65 and mirroring similar trends, BSE Sensex also scored
240.85 points to end the day at 27140.41. Thus both benchmarks marked last two months closing
high and also surpassed levels of 8.35K and 27K respectively. Positive global cues kept our mar-
During the week dividend ket in gaining mode. Mid and Small cap counters continued to gain on
announcements came in
informed buying. Banking, Metal and Capital Goods sector lead
from ISGEC Heavy (150%),
the rally and got support from the side market. FIIs continued to be
Banco Prod (250%), TCS
(650%), NHPC (17%), Bajaj the net sellers.
Corp (1150%) etc. Thursday too markets higher openings with maintained tempo of
gains. NSE Nifty marked rise of 26.55 points to end the day at 8407.20
Ex-Bonus and BSE Sensex gained 106.75 points to close at 27247.16. Thus hat
Oil India (1 for 3) trick of gains was marked. Mid and Small cap counters continued to
Ex-Split witness value buying. While Metal, Telecom and Banking counters
Sterling Tools (5 for 1) gained, FMCG, Auto, Pharma counters met with profit bookings. IT
SMART
INVESTMENT
counters gained under the leadership of TCS that outperformed the analysts' estimates. Select
power sector counters were in limelight on informed buying. FIIs remained net sellers in equity
markets. Late eve, CPI inflation at 3.40% (25 month's low) was announced and IIP too improved to
5.7% versus -1.90% and has surprised all. These will have positive impact on the market going
forward. Oil India turned ex-bonus (1 for 3).
Although market opened on a Positive note on Friday, it gave up post noon to end the ses-
sion in Choppy Trade, NSE Nifty lost 6.85 points to close at 8400.35 and BSE Sensex marked
deficit of 9.10 points to end the day at 27238.06.
Despite all odds, the week marked net weekly Gain 156.55 Points in Nifty & 478.33 Points in
S&P BSE Sensex.
During the week dividend announcements came in from ISGEC Heavy (150%), Banco Prod
(250%), TCS (650%), NHPC (17%), Bajaj Corp (1150%) etc.
Rupee remain weak above Rs.68 a dollar while Crude hovered around 55$ a barrel thus raising
concerns. Market men eyeing WPI inflation data that will have some bearing on the market trends
going forward. Q3 numbers season has set in and will keep the market in stock specific mode for a
while, as usual. Market ignored Trump's initial action for a while. For the ensuing week, Nifty and
Sensex may move in the range of 8650-8150 and 27900-26100.
Tejnaksh Health has convened board meet on 18.01.17 and Kushal Trade on 20.01.17 to con-
sider bonus issue.
Scrip Watch
Following scrip may be kept on radar for strategic investment ideas for medium to long term.
TCS (BSE Code 532540) :- This IT major company has posted net profit of Rs. 19735 crore on
a turnover of Rs. 88324 crore for the 3Qs of FY 16-17 against net profit of Rs. 17991 crore on a
turnover of Rs 80197 crore for the corresponding previous period. For FY 15-16 it posted net profit
of Rs. 24338 crore on a turnover of Rs. 108646 crore. It has announced 3rd interim dividend of
650%. As on 30.09.16, equity capital of Rs. 197.04 crore is supported by free reserves of Rs.
90900 crore plus. Scrip is worth considering at declined levels for medium to long term rewards. 52
week High/Low of Rs. 2740 / 2054, FV Rs. 1.
APL Apollo (BSE Code 533758) :- This ERW steel tubes manufacturing company has (on a
consolidated basis) posted net profit of Rs. 75.10 crore on a turnover of Rs. 2083.01 crore for H1 of
FY17 against net profit of Rs. 41.93 crore on a turnover of Rs. 2089.22 crore for corresponding
previous period. For FY 2015-16 it posted net profit of Rs. 100.57 crore on a turnover of Rs. 4213.59
crore. As on 30.09.16, equity capital of Rs. 23.59 crore is supported by free reserves of Rs. 625
crore plus. Scrip may be considered at declined level for long term investment. 52 week High/Low
of Rs. 1088 / 557, FV Rs. 10.
Amal (BSE Code 506597) :- This specialty chemicals segment company has posted net profit
of Rs. 8.51 crore on a turnover of Rs. 20.58 crore for 3Qs of FY 16-17 against net profit of Rs 2.37
crore on a turnover of Rs. 19.80 crore corresponding previous period. For FY 15-16 it posted net
profit of Rs. 3.72 crore on a turnover of Rs. 23.20 crore. As on 30.09.16 it's paid up equity capital of
Rs. 7.03 crore has negative reserves due to losses in previous years. It has received interest free
loans for revival under BIFR and is a turnaround case. 52 week High/Low of Rs. 86.70 / 23.65, FV
Rs. 10.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or
as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no
circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual
investment decisions, based on information published here. Any reader taking decisions based on any information published here does so
entirely at own risk. Above information is based on the details available as on the date along with market perceptions. Author has not traded
in above three stocks mentioned in Scrip Watch during last one month and has no holdings or plans to invest in any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST)
(Email: [email protected] )
SMART
INVESTMENT
Scrip Watch - Dilip K. Shah
VST Tillers (Rs. 1832.00) (Code : 531266) (F. V. : 10.00) :- VST Tillers and
Tractors (VST) is the largest player in the power tillers segment in India. The product portfolio also
includes 20 horse-power (HP) tractors, paddy transplanters, diesel engines, rice transplanters,
power reapers and spare parts.With nearly 55% market share in the power tillers business and
more than 20% market share in tractors (less than the 22-HP segment), the presence is strong in
India, except in the eastern market that it has started penetrating. More than 50% of the total sales
come from the southern market.Power tiller is the two-wheeler version of the tractor meant for farm-
ers with smaller land holdings and for those who cannot afford tractors. Increasing rural income
due to rising minimum support price (MSP), fragmented land ownership, lack of adequate farm
labor, and nuclear farmer family will drive demand for tillers and low HP tractors.In the recently-
concluded capex program of Rs 70 crore, funded through internal accruals, the tractor facility was
shifted out of the plant in Whitefield to Hosur. No new capacity is required over the next three years.
The debt-free company generates free cash-flow of more than Rs 75 crore every year and has
cash and liquid assets of Rs 150 crore.As the monsoon has covered the whole country two days
earlier, the company will benefit. Buy.
Jubilant Life Sciences (Rs. 679.00) (Code : 530019) (F. V. : 1) :- Analysts
have a new favourite pharmaceutical firm and interestingly it is not part of the Nifty Pharma Index.
Ten out of 11 analysts who track Jubilant Life Sciences Ltd., a Noida-based drugmaker, have a
buy rating on the stock, according to data compiled from Bloomberg. Jubilant Life Sciences has
announced that its arm signed long term contracts in Radiopharma business.The company’s wholly
own subsidiary Jubilant Pharma, through one of its units Jubilant DraxImage Inc. Montreal Canada
(JDI), has signed long term contracts with distribution networks in the US for supply of products
used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and
bone scans to be supplied by JDI over a period of 39 months effective from January 2017. The
company is growing at one of the highest rate in pharma industry. The confidence shown by ana-
lysts has reflected in Jubilant Life Sciences' stock performance as well. It has gained around 123
percent over the last six months, compared to a decline of 8.9 percent in the Nifty Pharma
Index.Accumulate.
Cosmo Films Ltd (Rs. 353.00) (Code : 508814) (F. V. : 10.00) :- Cosmo is
amongst the largest manufacturers and a leading BOPP films exporter of Biaxially Oriented Polypro-
pylene (BOPP) Films. Post-acquisition of GBC Commercial Print in June 2009, Cosmo became
the largest producer of thermal lamination films in the world. Company exports to about 80 coun-
tries in the world. Cosmo offers an extensive range of BOPP Films for flexible packaging, lamina-
tion, labelling and industrial applications, including speciality films such as high barrier films, vel-
vet thermal lamination films and direct thermal printable films. With manufacturing facilities in In-
dia, US and Korea and given the extensive range of product portfolio, the company is well placed
to grab the opportunities in the flexible packaging industry. Demand for BOPP films is increasing
significantly. To cater to this demand, Cosmo is adding capacity of 60,000 TPA. This new line will
lead to improvement in EBITDA margin. In last nine months, company has added various value-
added films to its portfolio. Also, Cosmo has a strong order pipeline for value added films. Manage-
ment is confident of a significant improvement in EBITDA margins. Also, SEZ tax exemption that
started in FY16 will further boost bottom-line resulting in better consolidated results going forward.
Buy.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short /
Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or may
not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
SMART
INVESTMENT
Market Tips - Dilip K. Shah
Yes Bank (Rs. 1324.00) (Code : 532648) (F. V. : 10.00) :- YES Bank has been
delivering loan growth at 25-26 per cent for many quarters now. The anaemic levels of growth at the overall
sector level have mattered little to this mid-sized private lender, with growth in the large corporate, retail and
SME segments on a strong footing.The new marginal cost of funds-based lending rate (MCLR) framework
introduced by the RBI last year has helped the bank offer competitive rates and tap into opportunities in the
large corporate segment. The bank though is cautious on the mid-corporate segment. The corporate book
contributes the chunk — 67.9 per cent of total loans. As of September 2016, the bank’s loans grew 37.7 per
cent year-on-year, resulting in a 30.5 per cent growth in its core net interest income and 31 per cent rise in
net profit. the bank has recently raised ?3,000 crore through additional tier-I bonds. This should help fund its
growth for the next 12-18 months. Also, the approval for raising $1 billion through QIP is valid until June. The
bank’s GNPA as a per cent of loans was 0.83 per cent as of September 2016, more or less steady with the
June quarter figures. Continuing to grow its retail deposit base, the bank grew its CASA by a robust 53 per
cent year-on-year as on the September quarter.The bank’s restructured book fell to 0.46 per cent of loans,
from 0.71 per cent during the same quarter last year. The bank will announce Q3 results next week which
is expected to be better. Buy.
Aurobindo Pharma (Rs. 693.00) (Code : 524804) (F. V. : 1.00) :- Aurobindo

Pharma Ltd will acquire Portugal’s Generic Farmaceutica SA in a Rs.969 crore (•135 million) deal.A defini-
tive agreement was signed by its step-down subsidiary, Agile Pharma, Netherlands.The acquisition will be
for an all-cash deal. After the acquisition, the Aurobindo group will be the largest in the generic pharmaceu-
tical market in Portugal with a portfolio of 271 generic products. Generis has a wide portfolio of products,
with a major share in therapeutic areas such as cardiovascular, central nervous system, anti-infective, and
the genitourinary system.Expansion in Europe, has been a focus area for Aurobindo as it is now the second
largest generic market it after the US in terms of revenues. Europe is now the largest contributor to global
pharmaceutical revenues after the US. The management estimates that the net sales for the acquired
business will be approximately •72 million (Rs.517 crore) in 2017, as compared to •64.8 million in the
previous year.Meanwhile, the company has received final approval from the US Food & Drug Administra-
tion (USFDA) to manufacture and market Levetiracetam in Sodium Chloride Injection. Aurobindo's
Levetiracetam in Sodium Chloride Injection is a generic equivalent of HQ Specialty Pharma Corp's
Levetiracetam in Sodium Chloride Injection. The stock is trading at around Rs.690. Buy in phased manner.
Dr Lal Pathlabs (Rs. 1095.00) (Code : 539524) (F. V. : 10.00) :- Dr Lal

Pathlabs provides laboratory services for bio-chemistry, haematology, microbiology and a few other patho-
logical and radiological services to individual patients, hospitals, healthcare providers and hospitals. The
company sources a sizeable portion of its laboratory equipment under the rental reagent model (RRM). This
asset light model entails DLPL to purchase monthly a fixed number or quantity of reagents, diagnostic kits
and automated analysers in lieu of owned equipment that is rented and not owned.The company’s suite of
test offerings continues to grow with the addition of around 70 new tests in the last fiscal. It now has a
catalogue of 1,100 test panels, 1,934 pathology tests and 1,561 radiology and cardiology tests. Further, the
firm has introduced higher margin tests such as enhanced liver fibrosis and chromosome interface profiling.
The company has increased its lab management services for hospitals from 14 to 18 in the last fiscal.
Having grown via acquisitions in the past, the company has indicated that it is not averse to pursuing such
opportunities for its growth plans.DLPL listed in December-2015 with 30 per cent gains from its IPO offer
price of Rs.550. The stock has already given more than double return in just one year. Accumulate at every
decline.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
SMART
INVESTMENT
SMART TIPS Smita N. Zaveri
Jain Irrigation Systems (Rs. 94.00) (Code: 500219) :- The shares of this A group
listed company have face-value of Rs. 2. The share touched a high of Rs. 109 and low of Rs. 47 in
the last 52 weeks. The company is engaged in production of mango pulp, puree and dehydrated
onions. It is a leading player in manufacturing pipes for micro irrigation systems such as sprinklers.
It also makes PVC and poly carbonate sheets and pipes. Jain Irrigation had reported weak perfor-
mance in 2014 and 2015 due to poor monsoon, especially in Maharashtra, but has registered
attractive growth this year. Company is infusing Rs. 800 crores which will help its balance sheet.
For September 2016, it reported income of Rs. 1,425 crores and net profit of Rs. 29.35 crores. The
stock is very attractively priced when compared to its rivals.
Patel Engineering (Rs. 84.00) (Code: 531120) :- The shares of this B group listed
construction and engineering company have face-value of Re. 1. The shares touched a 52-week
high of Rs. 120 and low of Rs. 43. Patel Engineering is present in three business segments, viz.
Real estate, civil and infrastructure. The company has 83 subsidiary companies and has success-
fully completed 250 projects so far. It has also completed projects in Arabian Gulf, Sri Lanka and
Bhutan. The company is expected to significantly reduce its debt levels in the coming quarters as
it gets awarded Arbitration dues as per the government's new policy. It has arbitration claims of as
much as Rs.5,000 crores, while total dues are Rs. 4,535 crores. For September quarter, it had
reported sales of Rs. 602 crores on a standalone basis and net profit of Rs. 37.65 crores. The stock
can be seen crossing Rs. 100 in the short to medium term.
Dish TV India (Rs. 91.00) (Code: 532839) :- Shares of this broadcasting and DTH
company have face-value of Re. 1. In the last 52 weeks, the share touched a high of Rs. 109 and
low of Rs. 65. The merger of Dish TV and Videocon DTH will push the company's cash flow from
$ 12 billion to $ 17 billion. Tough competition has affected its subscriber addition and average
revenue per user in FY 2017. However, the stock is likely to be re-rated following the merger with
Videocon DTH. The shareholders of Videocon DTH will get 2.02 shares of the merged entity Dish
TV Videocon. The market share of the combined entity will increase to 48% as against Dish TV's
26% share. For September quarter, it reported income of Rs. 776 crores and net profit of Rs. 70
crores. As per Bloomberg data, the company's income would be Rs. 6631 crores and Rs. 7479
crores in 2016-17 and 2017-18. The income and EBIDTA of the combined entity are expected to
double in two years.
Nandan Denim (Rs. 141.00) (Code: 532641) :- The shares of this denim manufac-
turer are listed in the B group and have face-value of Rs. 10. The share touched a 52-week high of
Rs. 165 and low of Rs. 97. A part of Chiripal group, Ahmedabad-based Nandan Denim is the
world's fifth largest denim fabric manufacturer. The company has increased its manufacturing ca-
pacity to 110 million metres per annum in a bid to capture higher market share in domestic and
international markets. After the expansion is complete, it will become Asia's largest and world's
fourth largest denim producer. Its clients include Ralph Lauren, Polo, Calvin Klein, Armani, Tommy
Hilfiger, among others. For September 2016, it reported income of Rs. 302.63 crores, and net profit
of Rs. 16.30 crores. The share is very attractively priced when compared to its peers. The stock can
be seen crossing the 52-week high price in the near future.
SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 13th January 2017 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
SMART
INVESTMENT
Smart super duper - Dilip K. Shah
Jagran Prakashan (Rs.184.00) (Code:532705):- It is one of the leading print

media houses in the country, which owns strong brands like Jagran and Mid-day. It has its pres-
ence in 11 states. It also owns a weekly Jagran City Pulse which has 38 editions. It took-over
Mumbai's afternoon newspaper Mid-day. As against equity of Rs65.38 crore, the company has
reserves of Rs1515.86 crore. The promoters hold 60.76%, while public hold 39.24% stake in the
company. In the first half of 2017, the company's income increased from Rs879.06 crore to Rs932.43
crore, while profit increased from Rs124.67 crore to Rs149.10 crore with EPS of Rs4.57. The stock
seems attractive at current market rate. Some funds believed to have started activities in the stock.
The stock may give good return in future.
Adani Ports (Rs.293.00) (Code: 532921):- The stock witnessed huge correction to
come down at Rs170 from Rs360 following demerger. But it witnessed bullish trend at lower level.
It is the biggest private port developer in the country. In September quarter, the company's income
increased from Rs1842.30 crore to Rs2138.05 crore, while profit increased from Rs667.46 crore to
Rs1090.81 crore with EPS of Rs5.26. As against equity of Rs414.19 crore the company has re-
serves of Rs12806.63 crore. The promoters hold 56.68% and public hold 43.32% stake in the
company. FII and DII hold considerable stake in the company. It has given good returns after
demerger and the management has issued good guidance. The stock is quoted much below than
all-time high. It can be included in portfolio on every little correction in prices.
Bonco Products (Rs.215.00) (Code: 500039) :- Auto ancillary sector company has
earned investors friendly status. It is based in Baroda, Gujarat. The stock has witnessed consolida-
tion. The company manufactures gas kit, radiator and engine coolants. It also owns a cement divi-
sion. As against equity of Rs14.30 crore, the company has reserves of Rs672.90 crore. In FY 2016,
the company's income increased from Rs1128.76 crore to Rs1204.29 crore, while profit increased
from Rs87.65 crore to Rs89.89 crore with EPS of Rs12.57. It paid 30% interim dividend and 200%
final dividend for FY 2016. In the September quarter, the company's income increased from Rs329.12
crore to Rs358.46 crore, while profit increased from Rs24.93 crore to Rs31.98 crore. The company
has announced interim dividend of 20% for FY2017 for which the book close is fixed at January 20.
Rallis India (Rs.207.00) (Code:500355) :- The Tata Group company is favourite of
Rakesh Jhunjhunwala. The company is active in agri business, institutional business, interna-
tional business and contract services. In agriculture business it provides pesticides, seeds, fertiliz-
ers, household products and seeds treatment chemicals. It provides technical supports and differ-
ent molecules bulk to knowns companies like Byer, Cegenta, Excel, United Phospurus, Dhanuka
and Nagarjuna. In September quarter, the company's income increased from Rs501.70 crore to
Rs548.85 crore, while profit increased from Rs57.28 crore to Rs66.52 crore with EPS of 3.43. The
stock may be bought with outlook for one year.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
SMART
INVESTMENT
A.J. Diwan (Mumbai)
Diwan-E-Khas E-mail : [email protected]
Change of Climate
As the winter progresses, the climate in stock markets has changed for better. The political
climate has become hot with declaration of UP election date. After demagnetization Indices first
time crossed 8/11/16 mark.
BSE index has crossed 27000 marks and nifty passed 8300 level. This way climate has changed,
In US president seems dynamic for stock markets.Dow is very near to 20000 mark and Nasdaq is
at all time high.
The New US President is not like our companies. Indian companies not get good business in
US. It will give poor results and negative guide line may nose dive.
Us president is also be touch against our Pharma companies. It is better to avoid investment in
Pharma companies or disinvest if have in port folio.
As per Finance Minister Tax collection is higher but it is collected in cash in old currency, now
next quarter collection is important. After note Bandhi. Auto sales are down but in stock markets
Maruti is going up. Tata Motors it is final resistance at 525. It should close above for further up
trend.
In Reliance it is witnessing selling pressure level of 1100. Reliance Jio has now controversy
about bill and payments about free service. Steel Ministry has asked railway to reduced freight
charges on steel. Tata Steel has touched Rs 450 and JSW is also attracting buyers. JSW may
touch Rs.199/200 mark
Moodys has changed outlook on India from negative to stable is also one of the reason for up
trend..
Dewan Housing looks good for investment around Rs 260/262 target is above rs.275.
Zee Ent. is having fund base buying.
SMART
INVESTMENT
Investment Ideas - Pratit Patel
telegram.me/rupeegains
NIFTY (8397.00)
For next week NIFTY has strong support around 8324 levels. Break will take it to 8290 / 8260
levels. On the upper side NIFTY will face strong hurdle at 8460 levels, cross over with volume and
close above will create short covering at take NIFTY up to 8510 / 8555 levels…
BANK NIFTY (18912.00)
For next week BANK NIFTY has strong support around 18780 levels. Break will take it to 18590
/ 18440 levels. On the upper side BANK NIFTY will face strong hurdle at 19075 levels, cross over
with volume and close above will create short covering at take BANK NIFTY up to 19215 / 18330
levels…
3 stocks for short to medium term investment

Lancor Holdings (509048) (27) (Face Value Rs.2) :- Incorporated in 1985, Chennai
based Lancor Holdings Limited, together with its subsidiaries, engages in the real estate develop-
ment and allied activities in India. The company constructs and sells residential properties, as well
as constructs and leases commercial properties. It also provides facility management, office sup-
port, and building and landscape maintenance services, as well as security services. In addition,
the company is involved in the real estate brokerage activities.
With an equity capital of Rs.8.10crore and reserves of Rs.121.28core, its share book value works
out to 31.95 and its price to book value ratio stands at 0.85x. The promoters hold 62.08% of the
equity capital, which leaves 37.92% stake with the investing public.
During Q2FY17, LHL's net profit zoomed 169% to Rs.7.22crore from Rs.2.68crore. During
H1FY17, its net profit skyrocketed 232.31% to Rs.18.41crore. H1FY17 EPS stood at Rs.4.55. Com-
Past Review
Issue Date Stock Reco. Rate Achieved Appreciation
in %
9th January Sanwaria Agro 7.20 8.60 19.4%
Mangalore Chem 50.5 56 10.9%
2nd January Sambandam Spinning 126 143 13.5%
Vinyl Chemicals 59 68.75 16.5%
Simmond Marshall 83 94.90 14.3%
26th December PIX Transmission 82 100.40 22.4%
Sambandam Spinning 116 143 23.3%
Mukand Ltd 49.35 76.40 54.8%
Elgi Rubber 35.5 51.80 45.9%
SMART
INVESTMENT
pany paid 50% dividend for face value of Rs.2. At the current price this results in a dividend yield of
nearly 4% which is highly attractive. Its all-time high price is Rs.77. Investors can buy this stock
with a stop loss of Rs.22. On the upper side, it could zoom to Rs.33-37 levels in medium term.
Conart Engg. (522231) (40) (Face Value Rs.10) :- Conart Engineers Limited
provides general contracting and project management services for industrial, commercial, and resi-
dential construction projects in India. It has an equity base of just Rs.3crore that is supported by
reserves of around Rs.10.54crore. It has a book value of Rs.48.85 & stock is trading around 0.80 P/
BV. During H1FY17, its net profit zoomed 51% to Rs.0.85crore from Rs.0.56crore in HFY16. After
strong consolidation stock has given strong upward break out on weekly chart. Infrastructure stocks
are in focus before budget. One can buy this stock with stop loss of Rs.34. On the upper side stock
will zoom up to Rs.48-50 levels in short term only.
Talbross Engg. (538987) (273) :- Incorporated in 1986, Faridabad based Talbros
Engineering Limited manufactures and sells rear and front axle shafts to original equipment manu-
facturers or Tier 1 suppliers in India. It also exports axle shafts to North America, the United King-
dom, Asia, South America, Central America, and Africa. Talbros Engineering Limited is a subsid-
iary of Talbros Automotive Components Limited.
It has an equity base of just Rs.2.54crore that is supported by reserves of around Rs.33.38crore
& it has a share book value of Rs.141.13 per share & price to book value ratio stood at just 1.93.
The Promoters hold 72.61% while the investing public holds 27.39% stake in the company.
During Q2FY17, TEL achieved a turnover of Rs.38.16crore with 255% higher PAT of Rs.1.61crore
fetching an EPS of Rs.6.34. During H1FY17, its net profit zoomed 241% to Rs.3.14crore from
Rs.0.92crore in H1FY16 on higher sales of Rs.75.71crore fetching an EPS of Rs.12.38. Its H1FY17
profit of Rs.3.14crore is almost same than its FY16 profit of Rs.3.37crore.
Currently, the stock trades at a forward P/E of just 11 and looks quite attractive for investment at
this level. We are highly bullish for auto ancillary space & investors can buy this stock with a stop
loss of Rs.245. On the upper side, it could zoom to Rs.325 levels in medium term and further to
Rs.400+ in the long term.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the
stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale
of the securities mentioned in website. Author may have
Smart Investment : Subscription Rates positions in above stocks so have vested interest obvi-
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INVESTMENT
Primary Market - Dilip K. Shah
Financial Year will witness vibrancy with Mega IPOs
SEBI has approved 14 proposals to raise Rs8020 crore: Total Rs15000 crore will be raised
10 companies have submitted DRHP: More 10 are in offing
CPSE-ETF will enter into the market with Rs6000 crore Follow-on issue on January 18
BSE's Rs1500 crore IPO is likely to open on January 23 at rate of Rs 800-850
D'Mart's Rs 1800 crore issue to enter into the market after budget
CPSE-ETF's track record is very good and future also seems bright so OFS will be an opportunity to grab
Kosmattam's NCDs issue has got 1 times subscription: will get close on January 20
Profile's NSE SME IPO got listed with premium but closed on discount
Sagoon files documents with SEC in US for Rs134 crore mini IPO
Calendar Year 2017 has not got fantastic start. BSE's issue is likely to hit the market in
third or fourth week of January. More than a dozen IPOs have got Sebi nod so there will be
long queues in the market for IPO.
BSE, Avenue Super Market (D'Mart), Hudco, Ester DM Healthcare, NSE, Hinduja Leyland,
Continental Warehousing, CDSL, Barbecue and AV Finance are some of the companies
which may enter into the market in couple of months.
Till now Sebi has granted permission to 14 companies to raise Rs8020 crore and 10 more
companies have submitted drafts for raising Rs15000 crore from the market. More than a
dozen companies are planning to submit DRHP.
The oldest stock exchange of Asia, BSE's issue is likely to be Rs1300 crore and D'Mart
may come up with Rs2000 crore issue.
* Good News for Small Investors :- Sebi is likely to review share allotment norms and
share allotment to retail investors at its meeting on January 16. Currently, the retailers can
apply for minimum Rs10,000 to Rs15,000, in which shares are allotted through application
Non Convertible Debenture (NCD) Issues at a Glance

Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
22-12-2016 Rs. 300 Cr. 1,000/- 10 NCDs BSE
35 %
1. Kosamattam 20-1-2017 Base Size of Rs.150 Cr. (Rs.10,000) BBB- (Minus)
Finance with an option to Retain Lead manager : By IND AVOID
Oversubscription up to Vivro Financial Services
(Rs. 300 Cr.)
Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price (Rs.) Lead Manager Registrar
Issue Close Dt. (Rs. Cr.) (Likely)
1. BSE India 23-1-2017 OFS 800 to 850 Axis Capital, Edelweiss Karvy
Ltd. 25-1-2017 1,54,27,197 (F. V. Rs. 2) Motilal Oswal, Nomura Computer
(Book Building) (Listing Eq. Shares (Market Lot SBI Cap., SMC Capital, Shares
Only NSE) (Rs. 1311 Cr.) 17 Shares) Spark Capital
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INVESTMENT
proportionate allotment. In such situa- CPSE ETF - FFO
tion, the investors used to get more Central Public Sector Enterprise
shares than high value bids. Sebi is Exchange Traded Fund - Further Fund Offering
FFO Date 18-1-2017 to 20-1-2017
working on the system in which the in-
Type of Scheme An Open Ended Index Scheme, Listed on the Ex-
vestors with lower value bid can get changes in the form of an Exchange Traded Fund
(ETF) tracking the Nifty CPSE Index
more shares on proportionate basis.
Offer Size 6000 Cr. (Base Size 4500 Cr. & Green Shoe option
In the last week only Kosmattam's for Rs. 1500 Cr.)
NCDs issue was present in the market. Face Value Rs. 10/- Per Unit
CMP Rs. 26.73 (BSE) & Rs. 26.82 (NSE)
Moreover, NSE SME exchange's Libas
Discount FFO upfront Discount of 5% across the category
Desings and Profile Ind got listed. and Firm Allotment for Retail Investors
Kosmattam Fin :- Rs150 crore is- Entry & Exit Load NIL
sue has got one time subscription of its Trading of Unit Only in the Dematerialized (Electronic) Mode
Min. Application Rs. 5000/- & in multiples of Rs. 1/- thereafter
base price. The company is waiting till
Maximum invest Rs. 2,00,000 (in Retail Portion)
January 20 to get more fund as it has Registrar Karvy Computershares Pvt. Ltd.
got shelflimit of Rs300 crore. Listing Listed on NSE & BSE or before 10-2-2017
Last week's listings:- Past This Initial NFO was for Rs. 3000 Cr and was over-
subscribed to the tune of Rs. 4363 Cr., Excess amat.
Profile Ind :- The issue with offer of Rs. 1363 cr. was refunded to investors
price of Rs38 got listed on NSE-SME Past NFO Listing Units of the existing CPSE ETF Scheme were listed
on 4th April 2014 on NSE & BSE
exchange at price of Rs42 on January 9
but went down and closed to Rs35.50.
It closed at Rs33 on Thursday.
Gray Markets Premium
IPOs Name Offer Price Premium Kostak Price
Libas Designs :- The issue with of- (Rs.) (Rs.) Min. Appl. (Rs.)
fer price of Rs68 got listed on January BSE 800 to 850 95 to 97 600 to 650
CPSE ETF : Rs. 2 Lakh Form Kostak Price Rs. 2900/3000
9 at price of Rs78. It went up to Rs81.50
(FFO) Rs. 1 Lakh Form Kostak Price Rs. 1400 / 1500
and down to Rs61 before closing at Don't subscribe IPO only on the basis of Grey premium.
Before Investing check the fundamentals of IPO
Rs71. The stock closed at Rs71 on
For latest grey market premium please check everyday
Thursday. www.smartinvestment.in
Grey Market Movement

In BSE IPO premium of Rs 95 / 97is expected
Minimum Appl. form rates are 600/ 650 but no deals taking place
CPSE-ETF's Rs 2 lakh form gets Kostak Price Rs. 2900/3000
and Rs. 1 lakh form Kostak price Rs. 1400 / 1500
Though there is no official announcement regarding IPO of BSE, it is believed that it will open
on January 23 and close on January 25. The offer price might be Rs 800 /850. Though there is
hardly any movement in the grey market, the premiums in BSE issue is expected to be Rs 95/97
and minimum application rates are expected to be Rs 600/650.
In Rs 6000 crore CPSE-ETF interest rates for Rs 2 lakh application is around Rs 2900 /3000
and Rs. 1 lakh application is around Rs. 1400 / 1500.
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INVESTMENT
Is CPSE-ETF FFO worth investing ?
The mutual fund scheme was started in March 2014 by Goldman Sachs in PE of 10 PSUs
which Rs3000 crore were raised through NFO of 10 Maharatna and Navrathna Cos. P/E
PSUs. NFO gave handsome returns to the investors. Those who missed the Average P/E 17.149
opportunity before three years should not miss it now. Bharat Electronics 23.15
In March 2014, the investors were given 5% discount. Moreover, the inves- Engineers India 34.37
tors who held on the shares for one year got bonus in ratio of 15:1. So consid- Container Corp. 33.89
ering bonus and discounts, it has given returns at CAGR of 18.1% against Rural Electric 4.62
which Nifty has given returns at CAGR of 8.5%. It should be noted that ETG Power Finance 5.44
valuation composite portfolio is being quoted at PE of 17.49. More details are Oil India 14.75
given in separate box. Indian Oil 10.49
Coal India 12.72
The portfolio includes energy, oil marketing, infra and financial sectors which
Gail 15.26
has good track record and bright future ahead. So the investment in ETF will ONGC 16.8
be attractive and secure.
* This week's issues :-

CPSE - ETF FFO issue :- The government is coming up with CPSE-ETF FFO issue of
Rs6000 crore on January 18. It will raise Rs4500 crore through original follow-on offer and
Rs1500 crore through green shoe option. The government could raise only Rs 24000 crore
Subscription Figures of
through disinvestment as against target of Rs56500 crore. In this
Kosamattam Finance NCDs
issue the minimum application for retail investors will be for Rs500 No. Shares Issue
and then after in multiplication of the same. Unit's face value is Offered/ Subscribe
Reserved 12-1-17
Rs10 and it will get listed on BSE and NSE. More details are given
Category I 150000 0.00
in separate box. Category II 600000 0.62
Category III 750000 1.54
* Insight into mainline issues:
Total 1500000 1.02
BSE :- It is believed that BSE's Rs1500 crore issue may open on
January 23 with price band of Rs800-850. IPO will get listed on Listing Information of
NSE. Retailers will be given 5% discount. The facevalue is Rs1 Prolife Industries
NSE SME NSE SME
which will be taken up to Rs2. The company will offer 29955434 Listing Date 9-1-2017
shares through offer for sale. Offer Price Rs. 38.00
Listing Price Rs. 42.00
Avenue Supermarket :- The promoter of the company is Radha
Listing Day High Rs. 42.00
Krishna Damani. The company operating retail chain D'Mart is com- Listing Day Low Rs. 35.50
ing up with Rs1870 crore after budget. It will create high volatility in Listing Day Close Rs. 37.10
CMP (12-1-17) Rs. 33.00
market.
Sagurn :- Social Commerce Start-up will file documents with US Listing Information of
regulatory for mini IPO worth $20 million (Rs.135 crore). It plans to LIBAS Designs
sell 869564 shares at price of $23 per share. Minimum share appli- NSE SME NSE SME
cation will be for 13 shares, valued at $299. Listing Date 9-1-2017
Offer Price Rs. 68.00
Listing Price Rs. 78.25
Listing Day High Rs. 81.50
Listing Day Low Rs. 61.00
Listing Day Close Rs. 71.40
CMP (12-1-17) Rs. 69.65
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INVESTMENT
CPSE ETF FFO opens on 18th Jan & Closes on 20th Jan. 2017
It's part of Govt's Disinvestment program & will get Rs. 6000 Cr.
Retailers may apply minimum Rs. 5000 & Maximum Rs. 2 Lac.
Looking to the strong track record of First CPSE-ETF
Considering strong track record for first CPSE-ETF, this FFO is safe investment
It was March 2014, when the first novel mutual fund scheme called CPSE-ETF (Central Public Sector
Enterprise - Exchange Traded Fund) was introduced by Golaman Sachs for bundle of 10 Maharatna and
Navratna PSUs. This initial NFO (New Fund Offer) was for Rs. 3000 crore and was oversubscribed to
the tune of Rs. 4363 crore and the excess amount of Rs. 1363 crore was refunded to investors. This
maiden offer has given good returns with a CAGR of above 14 per cent since inception.
As the Goldman Sachs AMC was taken over by Reliance Nippon Life Asset Management Company,
the second such offer as CPSE ETF FFO (Further Fund Offer) is coming to market from Reliance
Mutual Fund. This offer is set to mobilize Rs. 6000 crore (base size is Rs. 4500 crore and green shoe
option for Rs. 1500 crore). Out of the total offer, 30 per cent is reserved for Anchor Investors, for whom
the offer is open for a day i.e. on 17.01.17 and for other categories, the offer opens on 18.01.17 and will
close on 20.01.17. Out of the residual portion, 70 per cent is kept for retail investors (i.e. application up to
Rs. 2 lakh) on firm allotment basis and the second preference would be given to EPFO and PFs and the
rest will be for HNIs and QIBs, as informed by the management.
The composition of CPSE ETF as on 31.12.16 was as ONGC (24.35%), Coal India (20.54%), IOC
(17.96%), GAIL (11.17%), PFC (5.58%), REC (5.21%), Container Corp (5.04%), BEL (4.33%), Oil India
(3.39%) and Engineers India (2.26%). While NFO had a loyalty bonus linked to it, this time, FFO has
upfront discount of 5 per cent across the category and firm allotment for retail investors. CPSE ETF has
an expense ratio of 6.5 bps, which is much lower than the other non-ETF that has an expense as high as
up to 200 bps.
As this novel instrument garnered good response for maiden offer, it is expected that this time too it
will have better acceptance despite all odds as it has a proven track record and pack of highly liquid and
most prestigious, monopolistic and sector leader PSUs in it. This FFO is part of the Government of
India's overall disinvestment program.
Selections of these companies were done on following characteristics:
A report by Trust Investment Advisors has also done a comparison of ETF with other investment
alternates. The table is given below for investors' reference.
Note :- As this is a Mutual Fund scheme, it attracts KYC norms. As per market experts, Demat KYC
is valid while Bank KYC will not be accepted. Application it so be given with cheques (i.e. no ASBA). No
third party cheques will be entertained. PAN Card copy as well as demat client master to be attached
along with application is must. If application is made in the name of minors, copy of birth certificate is
mandatory.
Recommendation : Considering track record of the first CPSE ETF, this FFO is considered as a
safe investment option for medium to long term.
Comparison of ETF with other Equity Linked Instruments

Parameter Stock Index Funds Equity MF ETF
Safety Low to Medium High Medium High
Liquidity Low to Medium High High High
Return Wide Range - Medium Wide Range Medium
Low to High Low to High
Transaction Cost Low Medium High Low
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INVESTMENT
Smart Best Buy S. N. Zaveri
Bata India : Accumulate at current level

Dhanuka Agritech will rally on Buy back
PVR looks attractive asnumber of films are lined-up in March quarter
ICICI Prudential Life up on strong business in November
IndusInd Bank up on strong Q3 results
Bata India (Rs. 484.00) (Code : 500043) (F. V. : 5.00) :- Bata India is one of the
largest footwear manufacturing company is India. It has strong brand name and leadership posi-
tion across the segments. It has network of over 1200 stores. Life Insurance Corporation (LIC) has
hiked its stake in footwear major Bata India Ltd. by 2.03 percent, taking its total shareholding to
7.05 percent in the company. LIC bought 26.11 lakh shares, amounting to a 2.03 percent stake,
from open market in last one year. For the second quarter ended September 30, Bata India re-
ported a 36.35 percent fall in net profit to Rs 34.59 crore as against a net profit of Rs 54.35 crore in
the year-ago period.However, its total income from operations increased by 1.56 percent to Rs
583.74 crore from Rs 574.73 crore during the same period a year ago.The stock is worth accumu-
lating at current level. Buy more at decline.
Dhanuka Agritech (Rs. 768.00) (Code : 507717) (F. V. : 2.00) :- Dhanuka
has finalised the buyback price of Rs 850 with final amount of Rs 80 crore and it has started from
last week i.e. 12th January. The maximum number of shares to be bought back would be 941176
fully paid-up equity shares.Dhanuka Agritech manufactures and markets a variety of plant protec-
tion agro chemical products that include insecticides, herbicides, fungicides, etc.The Company’s
promoters hold 74.99% stake; while public shareholding amounts to 25.01% as on September
2016.The stock of Dhanuka has surged nearly 4% on approval of share buyback; while the stock
has surged nearly 10.5% ever since the announcement of buyback committee meeting on Decem-
ber 27, 2016. Dhanuka will outperform the industry thanks to a wider product portfolio, and stronger
dealer and farmer engagement initiatives. Accumulate the stock as the stock is 10 per cent below
its buy back offer price. Also, the general budget is round the corner which might focus on agricul-
ture.
PVR (Rs. 1183.00) (Code : 532689) (F. V. : 10.00) :- PVR stock looks attractive
at this price level. During December quarter, Dangal has collected Rs 350 crore even as there is
still cash crunch in the market.The percentage of sales through online channels had risen to 58
percent since the demonetisation announcement, while offline cash payments had significantly
reduced from 55 percent to 25 percent as of December-end. Investors should continue to hold on to
multiplex stocks like PVR, given the impressive line-up of films in the March quarter. Films such as
Badrinath Ki Dulhaniya, Jolly LLB 2, Kaabil, OK Jaanu, Passengers (3D), Raaes, Rangoon, Sarkaar
3, and Wolverine 2 (3D) are likely to generate higher footfalls. Also, as availability of cash im-
proves, consumer spending may gradually return to normal.On the valuation front, the enterprise
values of PVR is 12.4x projected EBITDA, lower than three-year averages of 13.4x. According to a
research by Edelweiss Securities, the stock looks attractive and has recommended to buy with a
target price of Rs.1429.
ICICI Prudential Life (Rs. 334.00) (Code : 540133) (F. V. : 10.00) :- ICICI
Prudential Life Insurance Company (ICICI Pru) has multiple reasons to feel optimistic about. The
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INVESTMENT
company made best use of the opportunity thrown up by demonetisation and increased its market
share in the private sector by 210 basis points to 27.2 per cent in November 2016 as compared to
October 2016. It is amongst the few bank-led insurance companies that have managed to cash in
on the higher footfalls in its bank branches in November. Post listing, it touched a low of Rs 273.65
on November 9, 2016 during intra-day trade. ICICI Prudential Life Insurance had raised Rs 6,057-
crore through IPO, become the first insurer to list.The foreign brokerage JP Morgan expects signifi-
cant margin improvement over the next 4-5 years. The two primary drivers are improvement in
persistency; and change in product mix. It believes the elevated valuations are supported by high
growth, improving margins and capital-light model.The stock has spurted from Rs.290 level to Rs.
234 in last 15 sessions. Buy.
IndusInd Bank (Rs. 1215.00) (Code : 532187) (F. V. : 10.00) :- Indusind Bank
has reported a 29 per cent surge in its December quarter net profit at Rs 751 crore, claiming that it
was not impacted adversely by demonetisation. The IndusInd Bank's net profit grew on account of
higher net interest income- the difference between interest earned and interest expended. The net
interest income for IndusInd Bank came in at Rs 1,578 crore, up 34.5 per cent on a year-on-year
basis. Gross non-performing assets as a percentage of total advances rose to 0.94 per cent from
0.82 per cent during the same period last financial year. Sequentially also gross non-performing
assets rose to 0.94 per cent from 0.9 per cent during the previous quarter.The stock has seen sharp
rally in January as it has jumped more than 12 per cent in last 12 days. There is still much upside
remained. Buy.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during
last one month • All stocks rates / indices on 13th January 2017 unless specified o Stoploos is
useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment
based on its recommendation. • Though, every care has been taken, we will not responsible for
any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Buy... Buy... Buy on Dips Hold Sell on High

L&T 1436.00 Dr. Reddy 2987.00
Jain Irrigation 93.00 Tejnaksh HC 627.00 AIA Engg. 1356.00
Chamanlal Setia 98.00 G.E. Shipping 382.00 Reliance Infra 503.00
GMDC 112.00 IDEA 68.00
Super House 171.00 Bajaj Corp. 384.00 Rushil Decor 660.00
Suzlon 15.00 TCS 2256.00 Torrent Pharma 1333.00
Kalpataru Power 271.00
Adani Power 292.00 Britannia 19.00 Bharti Air. 320.00
Power Grid 196.00
Gabriel India 112.00 United Brew. 818.00 Vivimed Labs. 102.00
D. B. Corp. 379.00
Nandan Denim 120.00 APL Apollo 1011.00 LUPIN 1494.00
BGR Energy 129.00
Crompton Gr. 64.00 Bharat Forge 941.00 Dishman Pharma 240.00
Phoenix Mills 359.00
SCI 66.00 Rel. Ind. 1089.00 ITC 247.00
Finolex Cable 414.00 Jubilant Life 672.00
Sanghi Ind. 60.00 INOX Wind 183.00 Tata Power 79.00
PTC India 83.00 CIPLA 580.00 HUL 825.00
Jay Bharat Mar. 366.00 BHEL 128.00 Dishman Pharma 241.00
Lakshmi Vilas Bk. 137.00 Escorts 357.00
S. I. Bank 21.00 8 K Miles 665.00 Nestle 5879.00
Banco Pro. 214.00
SMART
INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Trident (Rs. 60.00) (Code: 521064) :- Noted investor Dolly Khanna has bought 52.49
lakh shares of this towel and paper manufacturer in the December quarter. It is believed that this
company has gained a lot from the Welspun fiasco involving some leading retailers. A lot of action
can be expected in the counter.
Maharashtra Apex (Rs. 67.00) (Code: 523384) :- Maharashtra Apex is the NBFC
of Manipal Group. The company has been making losses and its net-worth has been completely
eroded. However, the stock is on market radar after jumping 200%. The company owns 49 lakh
shares of Kurl-on. Kurl-on is expected to follow its competitor Sheela Foam in the capital market.
Anjani Portland (Rs. 172.00) (Code: 518091) :- Chettinad Cement Corporation
owns 75% stake in the company. The company has recently commissioned a 16-MW captive power
plant in Telangana. It has reported 22% rise in sales and 59% jump in net profits for the third
quarter. Profit margin has improved from 23.89% to 25.94%.
Kalyani Steel (Rs. 329.00) (Code: 500235) :- In a bid to protect the domestic indus-
try, the government is mulling anti-dumping duty on 19 colour coated steel products. The govern-
ment has recently fixed minimum import price of these products. This will impact stocks of Kalyani,
Visa and Bhushan Steel.
Suzlon (Rs. 15.00) (Code: 532667) :- This wind turbine manufacturer has won some
big overseas orders. The company is gearing up to raise Rs. 800 crores from PE firms Asia Cli-
mate Partners and Olympus.
Welspun India (Rs. 71.00) (Code: 514162) :- Welspun Group has signed MoU with
Gujarat government to invest Rs. 4,000 crores in textile projects in the state.
Shiva Cement (Rs. 13.00) (Code: 532323) :- JSW Cement has acquired stake in
Odisha-based Shiva Cement for Rs. 88 crores. It has announced an open offer to acquire 32%
stake from investors at Rs. 14 per share. The stock has jumped by 80% in a year. It is expected to
continue the momentum.
HMT (Rs. 44.00) (Code: 500191) :- HMT is a loss-making PSU. There is a buzz that the
Centre may announce a package for revival of such units in the upcoming Budget.
Gabriel India (Rs. 111.00) (Code: 505714) :- Delivery-based volume has surged in
the last six sessions. The company's operating profit has gone up sharply in the last four quarters.
It is expected to maintain the same in December quarter.
Inox Wind (Rs. 182.00) (Code: 539083) :- The company boasts of a strong order
book. The heavy electrical equipment manufacturer can look forward to some good announce-
ments in the budget.
Fortis HC (Rs. 196.00) (Code: 532843) :- The company is in talks with strategic
investors for sale of its Rs. 2,300-crore project. Promoters plan to exit the project.
Ballarpur Ind. (Rs. 15.00) (Code: 500102) :- Paper shares have been outperforming
from some time. The promoters have secured release of a large number of pledged shares.
SMART
INVESTMENT
High Risk High Return Shares - Dilip K. Shah
Lupin (Rs. 1,489.00) (Code: 500257) :- Big bull Rajesh Jhunjhunwala has increased
his stake in the company from 1.72% to 1.84%. Some movement can be seen in the stock.
Endurance Techno (Rs. 601.00) (Code: 540153) :- The company has increased
its manufacturing capacity in Germany. This will enable it to increase its diversify its customer
base. Its profitability is expected to go up due to increased focus on two-wheeler segment in India.
MRF (Rs. 54,856.00) (Code: 500290) :- The company has signed a Rs. 4,500 crore
MoU to set up a tyres, tubes, flaps and related products plant in Gujarat. The stock can be seen
outperforming.
Biocon (Rs. 1,009.00) (Code: 532523) :- The company has received US FDA nod for
its breast cancer drug. The share has crossed Rs. 1,000 level, and can be seen going rising fur-
ther.
Tata Power (Rs. 79.00) (Code: 500400) :- This Tata group company has bid for
projects in three states, including MP and Rajasthan, for Rs. 14,000 crore projects.
IOC (Rs. 354.00) (Code: 530965) :- This oil marketing company is expected to post
bumper results for the quarter and the financial year. The stock is on radar of investors due to
reports that it may be included in Nifty Index when restructuring of index stocks is undertaken next
month.
AIA Engg. (Rs. 1,397.00) (Code: 532683) :- This Gujarat-based company is gearing
up to increase its production capacity and also prices. Certain brokerages are recommending a
buy on the stock in anticipation of strong December quarter results.
HIKAL (Rs. 230.00) (Code: 524735) :- The company is active in agri and pharma
segments. Agro products companies are expected to be the biggest beneficiaries of announce-
ments in the Union Budget. The stock can be brought for the medium to long term.
JK Tyres (Rs. 125.00) (Code: 530007) :- After correction in the previous week, tyre
stocks, led by MRF, have been in the limelight. Leading brokerages are recommending a buy on
the stock with a short to medium term target of Rs. 150.
Philips Carbon (Rs. 243.00) (Code: 536590) :- The stock of this carbon black
manufacturer is likely to remain in focus due to rally in tyre stocks. The company's board will meet
on January 18 to decide on quarterly results. After good performance in June and September quar-
ters, it is expected to report strong results for December quarter.
Liberty Shoes (Rs. 185.00) (Code: 526596) :- There is a buzz that the government
may announce a Rs. 4,000-crore package for leather industry. Kanpur is the hub of leather industry
and it is expected that the package may be announced ahead of assembly elections. Along with
Liberty, shares of Super House Leather and Bata are also expected to shine.
GE Shipping (Rs. 387.00) (Code: 500620) :- Both volumes and prices are on the rise
in shipping stocks from the past few weeks. The company's board is meeting on January 16 to
decide on Rs. 500-crore NCD issue.
Granules India (Rs. 103.00) (Code: 532482) :- The company's promoters have
secured release of 1.6 lakh shares which were pledged with JM Financial.
SMART
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
[email protected]
Sensex Predictions : Dt. 16th January to 20th January

Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganesha
advises you to compare every prediction with the prediction of the previous time slot. " We have
already launched the 2016-17 Stock Market Predictions Book.
16-01-2017 Monday :- " The Moon-Rahu Grahan Dosh is formed today. " The Sun has
now entered Capricorn Sign. " From opening to 10.45 Nifty may remain around the surface on the
down side. " Between 10.45 to11.45 Nifty will go up. " The period hereafter is best for Intraday and
jobbing. " From 11.45 to 15.30 just buy-sell with a margin of 2 Rupees, you will earn a good profit.
17-01-2017 Tuesday :- " In the Navmansh horoscope, the Moon-Sun-Ketu are in conjunc-
tion. " Deal as per your capacity today, and you will enjoy. " Around 9.37 buy Nifty, and around
11.37 exit. " Around 12.44 sell Nifty, and around 14.12 take an exit.
8-01-2017 Wednesday :- " The Moon and Jupiter are in conjunction today. " From 9.15
to 10.30 Nifty may go down. " Between 10.30 to 11.51 Nifty will go up. " From 11.51 to 14.39 will
be a "High Risk - High Gain", highly volatile and confusing period. " Between 14.39 to 15.30
initially Nifty shall go up, and then witness selling pressure around the end time.
19-01-2017 Thursday :- " From opening to 11.15, firstly Nifty may immediately go down,
and then immediately go up. " Between 11.15 to 12.45 you may not understand the market trend,
hence avoid trading. " From 12.45 to 14.00 Nifty may go down, step by step. " Between 14.00 to
15.30 take a tea break and avoid dealing, as the market may behave like a mad person.
20-01-2017 Friday :- " From tomorrow Mars will change Signs, which is a good point for
a personal horoscope. " Horoscope for the market is different. " From 9.15 to 10.30 Nifty may go
down slightly. " Between 10.30 to 11.30 buying in 'A' group stocks will positive influence Nifty. "
From 11.30 to 14.10 just do jobbing in Nifty, and avoid taking a long position. " Between 14.10 till
closing bell, expect a mixed pattern. Only buy-sell.
SMART
INVESTMENT
News Track
Ranbir Kapoor says

‘#BaarishKoAaneDo’
with Asian Paints “Ultima Protek”
Asian Paints, India’s paint manufacturing giant has associated with none other than Ranbir
Kapoor as the brand ambassador for its premium exterior paint offering, Ultima Protek. Ranbir
Kapoor stands for high performance as an actor which perfectly complements the brand, Ultima
Protek which is known for its superlative performance as an exterior painting system.
Ultima Protek gives homes complete protection against rains and harsh weather conditions. It is
the ultimate product for monsoons offering 6 years waterproofing warranty and 10 years warranty
on overall life of paint, a first of its kind. Apart from this, it also addresses specific problems such as
dampness, algae and cracks which affect the health and look of the exteriors of your home.
The Ultima Protek TVC featuring Ranbir is on air now and features the character actor in a
completely new and different avatar. He is not playing himself but is seen playing a legendary
exponent singing Raag Malhar to invite rains, just like Tansen and Meera Bai who it is said, would
make it rain with their rendition of Raag Malhar. This results in heavy downpour which disrupts the
wedding at a fancy house that is not waterproofed with Ultima Protek. The film ends with Ranbir
recreating the legendary RK pose.
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Arvind 363 373 2.8 KRBL 312 326 4.5
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Dishman 230 262 13.9 NBCC 251 275 9.6
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HSCL 38.5 44 14.3 Power Grid 188 199 5.9
Laxmi over. 65 67 3.1 Vedanta 230 241 4.8
Asahi (I) 190 201 5.8 Karnataka Bank 116 121 4.3
SPIC 21 22 4.8 Cairn India 235 268 14
ROTO 57 62 8.8 Bank of India 107 115 7.5
Poddar Pigments 214 226 5.6 PNB 119 126 5.9
Carborundum Uni. 253 266 5.1 Yes Bank 1247 1342 7.6
L&T 1391 1451 4.3 GNFC 248 263 6
BEML 993 1242 25.1 Conart Engg. 39 41 5.1
Britannia 2912 2993 2.8 Navneet Education 123 132 7.3
Atlas Cycle 450 557 23.8 Patel Integrated 79 84 6.3
Dalmia Bharat 1536 1723 12.2 Manglore Chem. 50 55 10
Oracle Fin. 3134 3224 2.9 RCF 54 58 7.4
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Titan 354 365 3.1 Lakshmi Vilas Bank 136 142 4.4
8 K Miles 709 740 4.4 Guj. Ambuja Exports 91 94 3.3
Eicher Motors 22714 23350 2.8 Arrow Tex 42 45 7.1
Siemens 1164 1188 2.1 Ludlow Jute 107 118 10.3
Timken 621 644 3.7 Orient Bell 157 167 6.4
Auto Corp. Goa 660 709 7.4 ITD Cementation 163 167 2.5
Dr. Lal Path 1111 1134 2.1 Jaybharat Maruti 306 383 25.2
Zee Enter 453 485 7.1 West Cost Paper 133 139 4.5
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Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
12th Oct ARSS INFRA 36.5 50-54 114 212% 24th June IOL CHEM 136 175-275 156 15%
4th Nov LLOYD ELE 274 315-350 340 24% 1st July IL&FS TRANS 78.5 95-105 117.45 50%
16th Nov TANLA SOL 36.5 50 63.85 75% 7th Junly NETWORK18 45.5 64-71 49.25 8%
21st Nov PRIMA PLAST 83 100-125 272 228% 15th July SARDA ENERGY 141 180-200 296.2 110%
26th Nov PRATIBHA IND 45 55 51 13% 22nd July AARTI IND 553 620-625 764 38%
16th Dec COMPETENT 140 185-190 219 56% 28th July MAGMA FIN 106 135-140 125.65 19%
21st Dec SUN PHARMA 750 1000 899 20% 3rd Aug GARWARE WALL 453 535-540 648 43%
8th Jan ASM TECHNO 195 230-300 220 13% 5th Aug ION EXCHANGE 327 445-450 345 6%
5th Feb SWISS GLASS 118 150 163 38% 12th Aug IOL CHEM 137 175-275 156 14%
19th Feb ELEGANT MARBLE 95 125 164 73% 18th Aug SAMBANDAM SPI 113 130-140 143 27%
3rd March SHIVALIK BI 22 27-35 50 127% 22nd Aug 16 SUBEX 12.65 16.5-18.4 13.5 7%
8th March SUDARSHAN CHE 86 115 455 429% 31st Aug 16 IDFC 58.25 70 71.3 22%
21st March J K TYRE 83 105-135 161.4 94% 8th Sep 16 IRB INFRA 242 270-285 266.4 10%
21st March NHPC 21.85 27-32 28.4 30% 8th Sep 16 TALBROS ENG 238 255-260 359 51%
29th March LLOYD ELE 235 300 340 45% 16th Sep 16 NOCIL 68 85 82.45 21%
21st Sep 16 CONART ENG 40 48 58 45%
5th April ELECON ENG 59 75 74 25%
23rd Sep 16 KEI IND 120.5 140-170 145 20%
5th April MAN IND 68 85 75 10%
29th Sep 16 DYNAMIC IND 60 70-75 82.9 38%
8th April SURYALAKSHMI Cot. 112 130-175 165.5 48%
29th Sep 16 GSFC 77 101 118 53%
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5th Oct 16 MAGMA FIN 116 140 125.65 8%
13th April CAREER POINT 118 135-175 142 20%
19th Oct 16 JINDAL POLY 429 460-490 447 4%
13th April KLRF 58 75-110 70 21%
25th Oct 16 A2Z INFRA 40.75 50 51.45 26%
26th April BENGAL TEA 50 60-65 63.5 27%
30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%
29th April WALCHAND PEOPLE 106 145 210.5 99%
30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12%
3rd May IOL CHEM 103 150-250 156 51%
4th Nov 16 MAFATLAL IND 443 425-500 448 1%
5th May INDIGO 1075 1200 1095 2%
4th Nov 16 ABC BEARINGS 174 210-250 178 2%
6th May PPAP AUTO 144 175-200 207.7 44%
2nd Dec 16 MRPL 100 119-138-149 116 16%
13th May HP COTTON 53 75 58 9%
9th Dec 16 SONATA SOFT 164 195 210 28%
16th May GANDHI SPE TUBE 235 300 352 50%
16th Dec 16 INDIA GLYCOL 137 180-200 169 23%
16th May BAJAJ ELE 233 265 282 21%
30th Dec 16 MADHAV MARBLE 59 64-66 65.8 12%
19th May ITD CEMENT 127 175 164 29%
30th Dec 16 ORIENT BEVERAGES 160 170-172 164 3%
19th May ASM TECHNO 195 220 203 4%
4th Jan 17 RAIN IND 56.5 70 58.5 4%
27th May KUSHAL TRADE 145 175-225 550.85 280%
5th Jan 17 MAGNGALORE CHEM 48.2 55-60 56 16%
3rd June J M FIN 47 56-59-65 90.9 93%
6th Jan 16 INDO RAMA 34.25 36-37 36.7 7%
9th June BAJAJ ELE 232 300 282 22%
11th Jan 16 TRIDENT 62.5 75-100 66.4 6%
20th June GAEL 58 75-85 103.3 78%

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Hard Copy is available on Every Sunday Morning at your nearest book-stall

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GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

FII Activity (Rs. Cr.)

Most Popular Webstie for the Stock Market Investors

SMART BUY OF THE WEEK

Pitti Laminations Ltd.

Hindustan Oil Exploration Company

MEP Infrastructure DevelopersLimited

English & Gujarati Edition Gujarati Edition

Market is scaling high

Nifty & Sensex Movement during the last week

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

Pull - Back Gathers Momentum

Last Weeks Recommondation This Weeks Recommendations

:::: INDEX LEVELS ::::

 022 38110 110

Unlimited Trading Plan Flat Rate Trading Plan

 Lowest Transcation Charges  Free Trading Software

Timken India (Rs629.00) (Code: 522113) :- Industrial machinery manufacturing com-

Selected shares will witness positive movement

FIIs exit continued

Aurobindo Pharma (Rs. 693.00) (Code : 524804) (F. V. : 1.00) :- Aurobindo

Dr Lal Pathlabs (Rs. 1095.00) (Code : 539524) (F. V. : 10.00) :- Dr Lal

SEBI Registered Research Analyst)

Jagran Prakashan (Rs.184.00) (Code:532705):- It is one of the leading print

3 stocks for short to medium term investment

Non Convertible Debenture (NCD) Issues at a Glance

Main - line IPO (Non SME)

Grey Market Movement

* This week's issues :-

Comparison of ETF with other Equity Linked Instruments

Bata India : Accumulate at current level

(SEBI Registered Research Analyst)

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

Sensex Predictions : Dt. 16th January to 20th January

Ranbir Kapoor says

Buy or Sell, Confused ?

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