Smart-Investment May
Smart-Investment May
Smart-Investment May
E-mail :
[email protected]
[email protected]
web : www.smartinvestment.in
Financial Weekly TM
1 lakh mark in
5 years: Chris Wood
of Jefferies
Well-known India bull Chris Wood of global brokerage firm Jefferies has said that it will only be a
matter of time before Sensex reaches the 100,000 level. "This target, on a five-year view, now as-
sumes trend 15% EPS growth and that a five-year average one-year forward PE multiple of 19.8x is
maintained," Wood wrote in his GREED & fear weekly newsletter.
Exuding confidence like all long-term bull markets, the Indian stock market will continue to climb the
proverbial wall of worry, he said, citing two stress points in the near term. "One obvious worry over the next
12 months will be the inevitable questioning of the current consensus, namely that Modi will be re-elected.
Another potential risk is a further reduction in retail investor activity following a period when the stock
market has traded in a tight range," the Global Head of Equity Strategy at Jefferies said. Data shows that
active demat accounts have declined from a peak of 38 million in June 2022 to 31 million in April 2023. Of
late, the FII flow on Dalal Street has also taken a U-turn as investors have retreated again from China. "After
selling a net $4.5 billion worth of Indian equities in the three months to February, foreigners have bought a
net $7 billion since March," Wood said. Dedicated emerging market investors, he said, now appear only to
be slightly overweight India, relative to history. "One issue here is that India's neutral weighting in the MSCI
benchmarks has always been inappropriately low given the size of the economy. India still accounts for
only 13.2% of the MSCI AC Asia Pacific ex-Japan Index," Wood wrote.
With the Sensex trading sideways in the last few months, the top analyst said earnings growth has
caught up with valuations and made India not as expensive as it was both in absolute terms and relative to
the region. Nifty's one-year forward PE at 18x is only slightly above the 10-year average of 17.4x, while the
Nifty PE premium to Asia ex-Japan at 42% is also near the 10-year average of 38%. "Meanwhile if the
monetary tightening cycle is over, with rate cuts coming either later this year or next year, there is no
obvious near-term trigger for a further valuation de-rating save for a bout of external risk-off market action,"
Wood said, adding that the property cycle can run for at least another 3-4 years. Wood's Asia ex-Japan
long-only portfolio has had an average 40% exposure to India in recent years. "Within that portfolio GREED
& FEAR has always had since its inception at the end of 3Q02 a weighting in Indian private sector banks
which have been the best equity investment story in Asia in the more than 20-year period since the portfolio
has been in existence." he said.
Financial Weekly TM
D(en)O(f)W(ealth)
Superb Performance of our latest Recommendations
Out of 32 calls only 2 calls click Stoploss so far
Date Stocks Recom. Remark
14th September 22 H T MEDIA Buy at 24.75 with stop loss of 22 Stop loss clicked
15tth September 22 J M FINANCE Buy at 69 wth stop loss of 63 Booked full profit on 23rd September at 76.25
19th September 22 VARDHMAN ACRYLICS Buy at 59 wth stop loss of 54 Stop loss clicked
4th October 22 SKM EGG Buy at 103 with stop loss of 92 Book 50% profit on 9th December at 144 then made a high of 222
11th October 22 HCC Buy at 15.75 with stop loss of 13 Book full profit on 18th November at 18
12th October 22 BHARAT SEATS Buy at 83 with stop loss of 77 Book full profit on 13th October at 89
25th October 22 RVNL Buy at 39 with stop loss of 35 Book full profit on 4th November at 44
27th October 22 BBL Buy at 2160 with stop loss of 1850 Book full profit on 25th November at 2350
3rd November 22 REDINGTON Buy at 159 with stop loss of 140 Book full profit on 24th November at 175
7th November 22 NELCAST Buy at 93 with stop loss of 78 Book full profit on 5th December at 108
23rd November 22 RCF Buy at 109 with stop loss of 97 Book full profit on 24th November at 124
23rd November 22 WPIL Buy at 1215 with stop loss of 952 Book full profit on 13th Frbruary at 1631
25th November 22 FLEX FOOD Buy at 105 with stop loss of 95 Book full profit on 25th November at 109
25th November 22 IRB INFRA Buy at 255 with stop loss of 240 Book full profit on 29th November at 274
30th November 22 SIGACHI IND Buy at 290 with stop loss of 265 Book full profit on 9th January at 350
5th December 22 ARIES AGRO Buy at 150 with stop loss of 125 Book full profit on 28th December at 194
5th December 22 AMD IND Buy at 48 with stop loss of 41 Book full profit on 8th December at 57
9th December 22 DEEPAK SPINNERS Buy at 246 with stop loss of 225 Book full profit on 12th December at 261
12th December 22 COCHIN MINERALS Buy at 282 with stop loss of 245 Book full profit on 12th January at 316.55
13th December 22 MOREPEN LAB Buy at 32.3 with stop loss of 28 Book full profit on 22nd December at 36
22nd December 22 RDB RASAYAN Buy at 95 with stop loss of 75 Book full profit on 9th January at 104
28th December 22 CLSEL Buy at 135 with stop loss of 115 Book full profit on 6th February at 153
5th January 23 M&M Finance Buy at 237 with stop loss of 215 Book full profit on 6th February at 261
5th January 23 FLEX FOOD Buy at 99 with stop loss of 80 Book full profit on 9th January at 120
8th March 23 NCC Buy at 95 with stop loss of 85 Book 50% profit on 25th April at 115 and full profit on 3rd May at 125.5
3rd April 23 VA TECH WABAG Buy at 363 with stop loss of 330 Book 50% profit on 25th April at 397 and full profit on 11th May at 421
5th April 23 DENIS CHEM LAB Buy at 72 with stop loss of 61 Book 50% profit on 10th April at 80
25th April 23 EXIDE IND Buy at 191 with stop loss of 175 Book full profit on 17th May at 206
26th April 23 Gulshan Poly Buy at 253 with stop loss of 225 Book 50% profit on 3rd May at 273
2nd May 23 Star Cement Buy at 121 with stop loss of 105
16th May 23 TAJ GVK HOTELS Buy at 231 with stop loss of 205
TM
https://on-app.in/app/home?orgCode=vgfob
Financial Weekly TM
Technical Speaking : Currently company's share price quoting at 106.9 Stock is in buy
mode on Super trend, MACD, ADX and Parabola Sar on daily and Monthly Charts. Investor can
accumulate in zone of 107 to 98 with daily closing Stop loss of 80 for immediate target of 130 and
medium-term target of 157 and long-term target of 185+.
Financial Weekly TM
Cont....
Financial Weekly TM
They are India’s pioneers and leading agri-solutions provider, offering diverse products
and services across the farming value chain. Starting our operations from India’s first fertiliser
plant at Ranipet, Tamil Nadu in 1906, we have been evolving for over a century by offering
customized farm solutions and advisory services. Their ‘Farmer First’ approach, quality
focus and consumer connect initiatives have helped in gaining farmer’s trust and has estab-
lished ‘Gromor’ amongst the most trusted brands in the country.
The trust built over the decades has catapulted us to be India’s largest private sector
phosphatic fertiliser company. They are also the world’s largest neem-based bio-pesticide
manufacturer, the number one organic fertiliser marketer; and we have the country’s largest
agri-retail chain with over 750 stores
Key Points:
1. Amara Raja Batteries and Gov-
ernment of Telangana signed
MoU for state's firstLithium-ion
Battery Gigafactory under the
Cont...
Financial Weekly TM
2. Company has signed a land lease agreement with GMR to set up an Advanced Energy Re-
search and Innovation Centre, called the E-Hub, at GMR Aerospace and Industrial Park,
AeroCity Hyderabad. The Centre will be a one-of-a-kind institute in India that will pioneer the
development of advanced clean energy technologies for mobility and energy storage.
3. It has announced a capex of 500 crore for setting up a lead recycling unit and a 50 MW solar
power project to support sustainable development and meet a significant part of its power
requirement through renewable energy sources.
4. It recently inaugurated its Advanced Lithium Technology Research Hub with a pilot plant
facility for cell development based on technology sourced from Indian Space Research
Organisation (ISRO).
5. Amara Raja Groupand Blaze Automation have formed a joint venture to leverage the com-
bined strengths and cumulative experience spanning over three decades to innovate, de-
velop and manufacture IoT (Internet of Things) devices for the world market.
7. The company has entered into an agreement with Gridtential Energy to collaborate on bipo-
lar battery technology.It will give benefits of lead batteries with silicon-enabled, high-perfor-
mance characteristics.
8. It has tied up with Schneider Electric India to manufacture and sell prefabricated
substations.The package substation solution not only helps one to save on cost of land but
also removes the need for coordination with different suppliers.
In last 3 years the stock gave a return of 2.31 %as compared to the rise of Sensex and Nifty in the
same period.
The company incorporated a wholly-owned Subsidiary company for diversifying and setting up
a Battery Recycling Plant which can be a very good earning source for the company considering
the growth of battery usages across the globe.Company is currently focusing on producing Li-ion
cells and battery packs that are optimized for the unique conditions found in India under its invest-
ment in Giga factory which offers it extra advantage in being preferred OEM for EV car manufactur-
ing companies. Company is also looking to expand its overseas presence by considering Africa,
Financial Weekly TM
HET ZAVERI
(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 positions in above stocks so have vested interest obviously in their going up or
down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & au-
thenticated sources believed to be true & correct, and also is technical analysis based on & con-
ceived from charts. Investors should take their own decisions. We assume no responsibility for any
transactions undertaken by them. The author won't be liable or responsible for any legal or finan-
cial losses made by anybody. Investors must take advice from their financial advisors before invest-
ing in any stocks.)
The only company in India with feathers in its crown such as In-flight connectivity, Maritime
connectivity and LEO satellite connectivity provider.
https://forms.gle/Q6PG4V5J2PWvvWR59
Financial Weekly TM
https://angel-one.onelink.me/Wjgr/8tma4nzk
Financial Weekly TM
Date
Stock Name Advise PriceTarget PriceStop Loss Holding Period%Return Advice date End date Days
ICICIBANK Future 871 881 858 4-5 days 1% 20/01/2023 23/01/2023 3
https://www.smartinvestment.in/service/8
Financial Weekly TM
Company Reccom. High after Ch. Company Reccom. High after Ch.
TVS Motors 1260 1283 1.83 Varun Beverages 1559 1624 4.17
Shriram Fin 1363 1375 0.88 MRS Bectro 646 659 2.01
Corporate Feature
Incorporated in 2009 Infollion Research Services Lim-
ited (Infollion, The Company) is a marketplace of experts
operating in the B2B Human cloud segment of the gig
economy. It operates as a platform for on-demand access
of seasoned professionals and subject matter experts con-
necting them to clients like Global Management Consult-
ing firms, Private Equity funds, Hedge funds, and
Corporates. It has a proprietary technology stack and re-
search capabilities to connect its clients with curated, pre- NSE SME IPO Details
cise, and vetted subject matter experts. Operating at the IPO Opens Date : 29th May, 2023
premium end of the gig-economy, the company enables IPO Closes Date : 31st May, 2023
contingent hiring, temporary workforce management, con- Face Value : Rs. 10 per share
tracting SOW-employees and independent consultations. Offer Price : Rs. 80 to Rs. 82 per share
Infollion empowers businesses to draw actionable in-
sights from people who have been there and done that Lot Size : 1600 Shares
through knowledge sharing sessions and flexi-staffing so- Total Issue Size : 26,16,000 Shares
lutions. Aggregating up to : Rs. 21.45 Cr.
The Gig Economy Fresh Issue : 22,24,000 shares
The gig economy, as defined by Staffing Industry Ana-
lysts (SIA), includes any contingent work of a fixed dura-
Offer for Sale : 3,92,000 shares
tion, such as temporary workers and independent con- Issue Type : Book Built Issue IPO
tractors. Listing At : NSE Emerge Platform
Global businesses spent $4.4 trillion on contingent Market Maker portion : 132,800 shares
labor in 2020, with independent contractor services ac- Lead Manager : Holani Consultants Pvt. Ltd.
counting for 61% of that spend.
Registrar : Link Intime India Pvt. Ltd.
Financial Statement
Particulars (Rs. in Cr.) FY21 FY22 FY23
Total Income 16.06 22.2 35.3
EBITDA 2.71 4.43 7.05
EBITDA Margin (%) 16.87 19.95 19.97
PAT 2.07 3.41 5.58
PAT margin (%) 12.89 15.36 15.81
Operating Cashflow 1.88 0.52 2.47
ROE (%) 34.69 39.03 42.20
ROCE (%) 37.28 40.77 43.59
EPS (Rs.) 2.78 4.56 7.34
Book Value (Rs.) 9.41 13.97 21.44
Company is a tech-oriented marketplace, Networth 7.02 10.43 16.01
operating in the B2B Human Cloud segment, Total Liability 8.49 11.81 18.00
catering to on-demand contingent hiring Total Assets 8.49 11.81 18.00
and work arrangements with senior man- Total Customers Base 15.97 21.98 35.03
agement talent, subject matter experts, and Domestic & Export Sales 16.07 22.20 35.03
high-ranking, seasoned professionals. No. of Employee (Rs. in Lakh) 5.80 5.78 6.53
Employee Cost as % of Sales (%) 3.77 5.50 7.64
Cont...
Financial Weekly TM
clusive meetings with key stakeholders, tailored to the objectives of each client.
ONE ON ONE SIT-INS :- Company offers exclusive one-on-one sit-in programs for
consulting teams and business leaders to learn from subject matter experts. We ar-
range and manage in-person discussions and learning sessions, ranging from brain-
storming sessions to high-precision masterclasses, tailored to the needs of each client.
WEBINARS : - Conducts periodic webinars with key opinion leaders on changing
dynamics of their industries, based on recent or anticipated events. Our webinars cover
trending industry topics, regulatory changes, and investment activities, offering lead-
ers, investors, and consultants valuable insights to stay informed about their industry.
PEX-PANEL :- Company is a pioneer in facilitating pex-panel arrangements for
businesses, allowing them to utilize the services of ex-CXOs, top professionals, and
subject matter experts on a flexible, as-needed basis. This innovative human capital
management solution allows companies to leverage valuable experience and expertise
without committing to full-time hires.
FLEXI-STAFFING/ SOW EMPLOYEES :- Company provides flexi-staffing and state-
ment of work (SOW) employee services to companies for temporary work jobs in re-
mote environments. With an extensive pool of top management talent, we can cater to
all types of flexi-staffing requirements, both generic and specific, for medium to long
term projects.
***
Financial Weekly TM
Investors can watch this stock with a stop loss of Rs.47. It may give
very good returns in medium to long term.
Cont...
Financial Weekly TM
generation and 60% of India's Nuclear Power generation capacities, over 4,036 lane km of Ex-
pressways and Highways, more than 360 km of complex Tunnelling and 395 Bridges. Today,
HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. The HCC Group,
with a group turnover of ~9,855 crore, comprises of HCC Ltd., HCC Infrastructure Co. Ltd., and
Steiner AG in Switzerland.
The Company has an equity of Rs.151.31 crore. The promoters hold 18.59%, FIIs hold 12.29%,
DIIs hold 12.45% while the investing public holds 56.66% stake in the company.
For Q4FY23, HCC posted higher PAT of Rs.189.84 crore as against PAT of Rs.15.92 crore in
The Company's order book stood at ~14 772 crore as of March 31, 2023.
Mr. Arjun Dhawan, Vice Chairman, HCC, said, "It has been a transformative year for HCC,
The completion of our debt carve-out process and profitable divestment of our concession
assets further strengthened our balance sheet and plans for future growth."
Investors can watch this stock with a stop loss of Rs.15. It may give
very good returns in medium to long term.
Financial Weekly TM
CEAT (Rs. 2108.00) (Code: 500878) :- A part of the Goenka group, Ceat is a leading
tyre manufacturer. It makes tyres for heavy trucks, buses, light commercial vehicles, earthmovers,
tractors, motorcycles, cars, and scooters. The A group listed shares touched a 52-week high of Rs.
2181 and low of Rs. 890. The company’s market cap is Rs. 8528 crore. Promoter holding in Chat is
47.21%. For the fourth quarter, income increased from Rs. 2592 crore to Rs. 2875 crore, and profit
from Rs. 25 crore to Rs. 132 crore. For the whole year, income went up from Rs. 9363 crore to Rs.
11,315 crore, and profit from Rs. 71 crore to Rs. 182 crore. The stock is quoting at attractive valua-
tions. The company is seen benefiting from the growth in the automobile segment. The stock is a
good buy at any declines. Ceat has paid 120% dividend for the year.
Linde India (Rs. 3990.00) (Code: 523457) :- The A group listed shares have a face
value of Rs. 10. The shares touched a 52-week high of Rs. 4265.5 and low of Rs. 2711. The
company’s market cap is Rs. 34,036 crore. Promoter holding in the company is 75%. Its equity is
Rs. 85.29 crore and its reserves are Rs. 2929 crore. The company follows the calendar year as the
financial year. For 2022, its income increased from Rs. 2112 crore to Rs. 2505 crore, while profit
fell from Rs. 507 crore to Rs. 439 crore. For the March quarter, income increased from Rs. 534
crore to Rs. 630 crore, and profit from Rs. 66 crore to Rs. 99 crore. Linde Group operates in the
industrial gases, engineering, and healthcare sectors. Linde is an MNC and was earlier known as
BOC India. It has a big name at the global level. One can put money in the stock in tranches. DIIs
and FIIs hold 8.01% and 2.77% stakes respectively. The company’s ROCE is 16.6% and ROE is
15.2%.
Dixon Techno (Rs. 3659.00) (Code: 540699) :- Dixon is a leading manufacturer of
electronic equipment such as set-top boxes, and mobile and LED panels. It also makes washing
machine parts, LED lights and security surveillance systems. Most of these products are imported,
but the government has imposed high import duty on them to encourage domestic manufacturers.
The government has also announced a PLI scheme for the sector. The A Group listed shares have
a face value of Rs. 2. The shares touched a 52-week high of Rs. 4670 and a low of Rs. 2555. It has
a market cap of Rs. 21,745 crore. Promoter holding in the company is 34.05%, while DIIs and FIIs
hold 23.76% and 12.04% stakes. Its equity is Rs. 12 crore and its reserves are Rs. 1273 crore. For
the March quarter, profit increased from Rs. 63 crore to Rs. 81 crore, and sales from Rs. 2953 crore
to Rs. 3065 crore. Operating profit jumped from Rs. 118 crore to Rs. 156 crore. The stock has
corrected significantly from the highs, and one can invest in the stock in tranches.
Neogen Chemical (Rs. 1516.00) (Code: 542665) :- The shares of this A group
listed speciality chemicals company touched a 52-week high of Rs. 1731 and low of Rs. 1127. Its
high-margin CSM business is growing at a fast rate. It is foraying into electrolyte manufacturing
business. It has increased its capacity to meet the growing demand for its products. It is benefiting
from a very good product mix. The operating profit margin has fallen due to higher energy and
transportation costs. A surge in lithion prices, its key raw material, has also hurt margins. It has
increased its focus on non-agri and non-pharma products. It reported income of Rs. 205 crore and
profit of Rs. 14 crore in the March quarter. The corresponding figures were Rs. 157 crore and Rs.
15 crore in the previous year.
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
Financial Weekly TM
www.smartinvestment.in
Smart Investment Website Index
77,777 hits only 1 Week
Total number of Hits
1,90,11,111
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
Technical Shares, Speculative Scrips, Primary Market,
Financial Weekly TM
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
: Golden quote :
If you can dream it, you can do it
Financial Weekly TM
RIGHTS ISSUE variant of Covid-19 spread. Fund houses on a rampant buying on select
Shree Rama Multi (11 for 10)
counters in Metal, Consumer Durables, Capital Goods, Auto and IT
EX-BONUS
Vardhman Spl Steel (1 for 1). while profit booking was seen for the finance and healthcare segment.
EX-SPLIT Though Mid and Small Cap indices outperformed, weak side counters
Radhika Jewel (5 for 1) kept market breadth marginally in red. FIIs and DIIs both were the net
BONUS MEET buyers for the day.
NDR Auto (29-5-23)
Leading Leasing Fin. (30-5-23) Tuesday- Though market opened in green, it marked range bound
Anmol India (2-6-23)
trades with both side movements and closed with a small gain. BSE
BONUS ANNOUNCEMENT
Sensex rose by mere 18.11 points to end the day at 61981.79 and NSE
Bhansali Engg (1 for 2),
Thangamayil (1 for 1), Nifty scored just 33.60 points to close at 18348.00. FIIs' fancy for
Roto Pumps (1 for 1),
Sadhana Nitro (2 for 9), Pharma, Metal, Auto, Oil and Gas, kept market on a northward march
Aptech (2 for 5),
Mufin Green (2 for 1).
Cont...
Financial Weekly TM
Wednesday-We marked negative openings of the market that moved both ways to finally
close in red. BSE Sensex lost 208.01 points to close at 61773.78, and NSE Nifty marked a deficit
of 62.60 points to end the day at 18285.40. Weaker trends from the global markets kept a tab on
finance segment that met with selling spree. Selective buying in FMCG, IT, Pharma, Consumer
Durables kept market in a green pasture at the close. We marked hat trick of negative market
breadth though Mid and Small cap indices outperformed benchmarks. FIIs and DIIs both were the
net buyers for the day.
Thursday - Fourth session of the week marked opened on a weaker note to mark derivatives
expiry. However, short covering helped market to close in green with small gains. BSE Sensex
scored just 98.84 points to end the day at 61872.62 and NSE Nifty gained mere 35.75 points to
close at 18321.15. Rising global worries kept a tab on general sentiment. However, we marked
Cont...
Friday - With a positive opening for the last session, indices traded in green and closed with
good gains. BSE Sensex scored 629.07 points to close at 62501.69 and NSE Nifty gained 178.20
points to end the day at 18499.35. Thus while Sensex closed above the sentimental barrier of
62.5K, Nifty missed the level of 18.5K by a kissing distance. RIL, Sun Pharma, Hindalco, HUL,
HCL Tech lead the rally while ONGC, Grasim, Bajaj Auto, Bharti Airtel, Power Grid lead the doom.
Positive trends in the side market gave boost to the indices. HDFC twins were the most active
counters of the day. Market breadth remained positive even when Mid and Small cap indices
underperformed benchmarks. FIIs and DIIs were the net buyers for the fifth session in a row.
The week ahead :- Brent crude moved in a narrow range and marked76.98$ a barrel by the
weekend.Rupee hovered in a narrow range and endedthe week atRs. 82.60 a dollar.We have
around 1950+ corporate meetingsfor the ensuing week that will keep market in a stock specific
mode. Market men have on radar global and domestic macro-economic data. Even despatch data
for cement and auto sector for the month of May 23 will trigger market mood for both these segments.
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 before making any actual investment decisions, based on the information published here. Any reader taking
decisions based on any information published here does so entirely at its own risk. Investors should bear in mind that any
investment in stock markets is subject to unpredictable market-related risks. The above information is based on RHP and other
documents available as of date coupled with market perception. The author has no plans to invest in this offer.
Investors are worried about the recession in developed countries. I want to share my perspec-
tive on having faced these challenges many times in my investment carrier. While the event may
be causing concern and uncertainty, it is important to recognize that itis not new. Economic cycles,
including periods of recession, have been observed throughout history.
I believe attempting to accurately predict these events' specific outcomes and implications can
be challenging and often fruitless. Instead, I believe it is more productive to focus on proactive
measures that can help mitigate the potential impact on investment portfolios.
A proven strategy is to carefully tune the portfolio to reduce exposure to export-oriented compa-
nies. During times of economic downturn, businesses heavily reliant on exports may face more
significant challenges due to decreased demand from international markets. By diversifying your
investments and considering a broader range of sectors and industries, you can potentially reduce
your portfolio's vulnerability to the effects of a recession.
Furthermore, I emphasize the importance of evaluating the management capabilities of the com-
panies you invest in. A competent and savvy management team can make a significant difference
in navigating through challenging economic times. Companies led by astute leaders are more
likely to adapt their strategies, make necessary adjustments, and seize growth opportunities, even
in the face of a recession. Therefore, focusing on the strength of the management teams behind
your investments increases the likelihood of weathering the storm and emerging more robust on
the other side. For example, companies like HUL, ITC, Bajaj Finance, TVS Motor, and more faced
several challenges in the path, but their management found ways to grow, and they always emerged
stronger.
While I acknowledge the existence of economic uncertainties, I remain optimistic that compa-
nies with resilient management, robust strategies, and a focus on long-term growth can not only
withstand the challenges posed by a recession but also thrive in the post-recession environment.
Accordingly, one should identify and invest in such companies for sustained success and favor-
able returns.
I encourage you to stay informed, regularly review your investment portfolio, and consult your
financial advisor to ensure your investments align with your risk tolerance and long-term goals.
Thank you for your continued trust and partnership.
Best regards,
Team Smart VERC
Happy investing!
Dr. Anil KumarAsnani : Equity Research Analyst : Whatsapp: 9755920780
Mobile: 9131361959 : Website: https://www.smartverc.com
Financial Weekly TM
Conclusion :- Graham and Buffett both follow value investing principles. Warren
Buffett has evolved and adapted his strategy over the years, incorporating additional factors such
as the quality of the company and its competitive position.
Happy investing!
Kishore Purswani
M No 9425604104,
Mail id: [email protected]
Financial Weekly TM
Eicher Motors (Rs. 3690) (Code : 505200) : Eicher Motors reported consolidated
net profit for the quarter ended March at Rs 905.58 crore, registering a growth of 48.42 percent from
Rs 610.14 crore in the same quarter last year. Revenue from operations came in at Rs 3,804.32
crore, rising 19.13 percent over Rs 3,193.32 crore in the year-ago quarter. The board of the com-
pany also recommended final dividend of Rs 37 per share for the financial year ended March 31,
2023. During the quarter, VECV recorded the highest-ever quarterly sales of 26,376 units, up 31.3
percent from 20,093 units sold during the same period last year. The Board has also approved a
cash outlay towards capex of Rs 1,000 crores for Financial Year 2023-24, which also includes the
investment towards EV manufacturing facility and product development and new product devel-
opment under Internal Combustion Engine portfolio.Eicher Motors Ltd is set for the next phase of
growth. Buy.
Astral Ltd (Rs. 1776.00) (Code : 532830) : The management of Astral Limited
indicated demand for PVC pipes is expected to remain healthy in H2-FY23E as PVC resin prices,
which had corrected about 38 per cent FY23-TD, have now started stabilising; also see some price
increases. East plant (Orissa) has started PVC pipes production and should enable the company
to have deeper penetration in this geography and thus, better volume growth. The management
indicated it is on track to achieve its guidance of high double-digit pipe volume growth in FY23.
Adhesive segment demand remains healthy and the company believes it will grow revenue in high
double digit in FY23. volume growth in the pipe segment will pick-up going forward led by sharp
correction of about 38 per cent in PVC resin prices seen earlier (FY23-TD) which has now started
stabilising. CPVC prices remain stable and demand is expected to be robust driven by housing
segment. Buy.
Interglobe Aviation (Rs. 2323.00) (Code : 539448) :- Shares of budget carrier
IndiGo’s parent company Interglobe Aviation Limited surged sharply on Wednesday. This comes
after smaller rival Go First filed for bankruptcy on Tuesday after facing a severe fund crunch, for
which it blamed engine maker Pratt and Whitney. Go First's bankruptcy and curtailed operations
will benefit IndiGo as it will get a larger share of the aviation market in India. It may be noted that
lessors may also be keen to allocate some of Go First aircraft to IndiGo, according to Credit Suisse
analysts. They added that the development would benefit IndiGo in terms of market share and
stronger yields in a capacity-strained environment. Analysts predict that IndiGo will gain the big-
gest market share as a result of GoFirst's bankruptcy. Additionally, a sharp decline in crude oil will
benefit aviation stocks. As brent crude oil prices are below 80 dollars and the government has also
reduced levy on ATF at Zero. It will reduce cost significantly. Buy.
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 positions in above stocks so have vested interest obviously in their going up
or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived
from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses
made by anybody.
Financial Weekly TM
Engineers India (Rs. 104.00) (Code: 532178) :- Shares of this engineering design
and construction sector company are listed in the A group and have a face value of Rs. 5. The
shares touched a high of Rs. 111 and low of Rs. 56 in the last 52 weeks. The PSU has reported
average performance in both the consultancy segment and EPS segment in the last quarter. As
per its new vision statement, the company aims to emerge as a total energy consultancy organisation.
It will also focus on green energy. Promoter holding in the company is 51.32%. The company’s
equity is Rs. 281 crore and reserves are Rs. 1,489 crore. For the March quarter, revenue went up
from Rs. 806 crore to Rs. 866 crore, and profit from Rs. 126.29 crore to Rs. 158.73 crore. The stock
can be seen trading higher in the coming days and making new highs in the medium to long term.
Gabriel India (Rs. 173.00) (Code: 505714) :- The shares of this A group listed auto
components manufacturer have a face value of Re. 1. Promoter holding is 55%. The flagship com-
pany of Anand Group makes shock absorbers, front forks, and other products. Its clients include
Bajaj Auto, Honda Motors, Mahindra Scooters, Royal Enfield, Suzuki Motors, TVS Motors, Yamaha,
Honda Cars, Tata Motors, etc. It has seven plants and makes products for 2 & 3-wheelers, passen-
ger cars, and commercial vehicles. It has a market cap of Rs. 2490 crore. Its equity is Rs. 14 crore
and its reserves are Rs. 752 crore. The shares touched a 52-week high of Rs. 200 and low of Rs.
104. The stock can be seen crossing the 52-week in the short term and touching fresh highs in the
medium to long term. For the March quarter, its income went up by 7.7% to Rs. 737 crore, while
profit was up by 25.42% to Rs. 33.76 crore. Quarterly EPS was Rs. 2.35.
Syrma SGS (Rs. 366.00) (Code: 543573) :- Syrma SGS was established in 1978.
Syrma SGS provides innovative and efficient electronic system design and manufacturing and
precision OEM manufacturing. Its one-stop-solution electronics manufacturing services (EMS) in-
clude product design, quick prototyping, PCB assembly, box build, repair & rework and automatic
tester development services. It serves OEMs in 20+ countries. Exports accounted for 31% of its
revenue in 2023. The company hit the capital market in August last year and issued shares at Rs.
220 apiece. Income from the auto sector grew by 60%, the consumer segment by 156%, industrial
46%, and IT and railways 17%. The top 10 clients account for 47% of its revenues. Promoter hold-
ing in the company is 47.2%. As against debt of Rs. 117 crore in March 2022, the company has Rs.
536 crore in cash in March 2023. For the March quarter, it reported income of Rs. 679.52 crore and
net profit of Rs. 42.88 crore. For the whole year, revenue was Rs. 2048.38 crore and profit Rs.
123.07 crore. EPS for the year was Rs. 7.50. The company is planning capex of Rs. 200-250 crore
in fiscal 2024. It has an order book of Rs. 2100 crore. The stock can be bought with a target price of
Rs. 450 in the next 13-15 months with a stop-loss of Rs. 270.
Lumax Auto (Rs. 317.00) (Code: 532796) :- Lumax is a leading group in the auto
ancillary segment and has a strong name and presence in the segment. The B group listed shares
of Rs. 2 face value touched a 52-week high of Rs. 329 and low of Rs. 151. It has 12 manufacturing
plants and has a 60% market share of the lighting segment. Lumax’s equity is Rs. 13.63 crore and
it has reserves of Rs. 596 crore. Promoter holding in the company is 55.98%. For the December
quarter, its sales increased from Rs. 430 crore to Rs. 452 crore, and net profit from Rs. 25 crore to
Rs. 27 crore. It is expected to report strong numbers for the March quarter. There is still scope for
the stock to rise. DIIs and FIIs hold 5.60% and 19.41% stakes respectively. A decline in the stock
should be seen as a buying opportunity.
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 26th May, 2023 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
Financial Weekly TM
ITD Cementation (Rs. 149.00) (Code: 509496) :- The shares of this civil construction
company are listed in the B group of BSE and have a face value of Re. 1. The shares touched a 52-week high
of Rs. 156.3 and a low of Rs. 57.65. ITD Cementation is a leading infrastructure company and is active in
heavy civil, infrastructure and EPC businesses. The company undertakes construction of marine structures,
mass rapid transport systems, airports, hydroelectric power plants, tunnels, dams, irrigation systems, high-
ways, bridges, etc. The company’s equity is Rs. 17.18 crore and its reserves are Rs. 1220 crore. Promoter
holding in the company is 46.64%. FIIs and DIIs hold 12.23% and 5.07% stakes respectively, while public
shareholding is 36.05%. The company has announced bumper results for fiscal 2023 with profit zooming from
Rs. 69 crore to Rs. 125 crore and income from Rs. 3809 crore to Rs. 5091 crore.The performance in the year
was its best yet but the stock is trading significantly lower from its all-time highs. The company has orders of
Rs. 20,000 crore. Any decline can be used as a buying opportunity.
GMM Pfaudler (Rs. 1447.00) (Code: 505255) : This industrial machinery maker has
been operational since 1962. The company has a plant at Karamsad in Gujarat. The B group listed shares
have a face value of Rs. 2 and touched a 52-week high of Rs. 2189.5 and low of Rs. 1249.75. The company’s
equity is Rs. 9 crore and its reserves of Rs. 795 crore. For the March quarter, its income increased from Rs.
699 crore to Rs. 866 crore, profit from Rs. 17 crore to Rs. 36 crore, while EPS was Rs. 8.56. The operating
profit went up from Rs. 72 crore to Rs. 96 crore. For the whole fiscal, income went up from Rs. 2541 crore to
Rs. 3178 crore, and profit from Rs. 75 crore to Rs. 214 crore. The company has paid 50% interim dividend and
announced a final dividend of 50%. Promoter holding is 38.74%. FIIs and DIIs own 19.96% and 10.58%
shares respectively. One can invest in the stock in tranches with a long-term view. The company has a market
cap of Rs. 6506 crore. The PE ratio is 36.5. The book value of the stock is Rs. 179.
Schneider Ele. (Rs. 236.00) (Code: 534139) :- The A group listed shares have a face
value of Rs. 2. The shares touched a 52-week high of Rs. 239.9 and a low of Rs. 92. The company has a
market cap of Rs. 5653 crore. Promoter holding is 75%, while mutual funds hold 1.75% and FIIs 0.48%. Its
equity is Rs. 278 crore. The company’s income in the March quarter went up from Rs. 340 crore to Rs. 411
crore, and profit from Rs. 7 lakh to Rs. 45 crore. For FY2022-23, income increased from Rs. 1530 crore to Rs.
1777 crore, and profit from Rs. 28 crore to Rs. 124 crore. The annual EPS was Rs. 5.17. The company is an
MNC and is present in the capital goods sector. The large-scale revival in the sector reflects in the company’s
numbers. The performance in the previous fiscal was its best ever. The stock can be considered on declines.
Elgi Equipment (Rs. 543.00) (Code: 522074) :- Elgi Equipment is a leading air com-
pressor manufacturer and has a presence worldwide. The A group listed shares have a face value of Re. 1.
The shares touched a 52-week high of Rs. 583.3 and low of Rs. 316.2. Elgi’s equity is Rs. 32 crore and it has
reserves of Rs. 1332 crore. Promoter holding is 31.19%. Its income in the March quarter went up from Rs. 728
crore to Rs. 836 crore, and profit from Rs. 73 crore to Rs. 170 crore. For the financial year, income went up
from Rs. 2525 crore to Rs. 3041 crore and profit from Rs. 178 crore to Rs. 371 crore. Elgi is also present in the
automotive component segment and the second largest in the compressor industry. The company can benefit
from the growth in the segment. Elgi is an investor-friendly company with generous dividend payouts and has
also issued bonus shares several times. The company’s market cap is Rs. 17,220 crore. FIIs hold a 29.09%
stake and DIIs 4.87%.
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 positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly TM
18400 we may witness further up trend. The main condition is nifty should not close slow 18180.
The market will be volatile but at this time trend is up. In US certain companies are coming out
with good results. NASDAQ is front runner. Dow is volatile but showing no sign of heavy fall.
Indian hotels the long term investors should grab an opportunity to buy around 360. Share is
Apollo Tyres is another share to pick up between 380/85. After next results we may see share
price of 415/20.
United Brewerse buy with SL of 1400. Long term share can go up to 1800.
KPIT is recommended to investors having strong. Buy this highly volatile share for target of
1050.
Vedanta : After dividend of 17.5 share moved to north direction. This share may move to 315/16.
Sl should be 2)90.
Lic india is big blow to capital markets. It is shame on company that after huge fall in share price
fall, Company declared dividend of just rs.3. Higher dividend of Rs.25 to 50 could have earned
loss of confidence.
Adani gas fall from rs 4000 to 790,adani transmission from rs.4200 has come in three digit of
910.
Gland pharma looks weak counter sale with sl at 950 for target of 905.
Financial Weekly TM
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 positions in
above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated
sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Inves-
tors should take their own decisions. We assume no responsibility for any transactions undertaken by them.
The author won't be liable or responsible for any legal or financial losses made by anybody.
Financial Weekly TM
Cont...
Financial Weekly TM
Rights Issue
Sr Company Issue Open Dt. Issue size Offer price Ratio & Listing Lead Manager/ Recomm.
Issue Close Dt. (Rs. Cr.) (Rs.) Record Dt. Registrar
1. Earun 2-5-2023 24,67,16,400 2 4 Shares for every BSE Axis Bank
Pharma 31-5-2023 Shares (F.V. Rs. 2) 1 Shares held on Registrar Avoid
(Rs. 49.34 Cr.) 10-4-2023 Bighsare Services
2. Samor 15-5-2023 1,07,50,000 10 1 Shares for every BSE --
Realty 2-6-2023 Shares (F.V. Rs. 10) 1 Shares held on Registrar Risky Bet
(Rs. 10.75 Cr.) 2-5-2023 KFin Technologies
3. Enbee Trade 18-5-2023 3,20,01,000 15 20 Shares for every BSE Saffron Capital Avoid
& Finance 1-6-2023 Shares (F.V. Rs. 10) 1 Shares held on Registrar (Fully Priced)
(Rs. 48.00 Cr.) 10-5-2023 Cameo Corporate
4. Clara 23-5-2023 16,53,986 167 2 Shares for every BSE --
Industries 1-6-2023 Shares (F.V. Rs. 10) 3 Shares held on Registrar Risky Bet
(Rs. 27.62 Cr.) 11-5-2023 Bigshare Services
5. Gala Global -- 3,93,03,420 11.85 72 Shares for every BSE --
Products -- Shares (F.V. Rs. 5) 100 Shares held on Registrar Next Week
(Rs. 46.57 Cr.) -- --
6. Piramal -- --- -- -- BSE ICICI Securities
Pharma -- Shares (F.V. Rs. 10) -- NSE Registrar Next Week
(Rs. 1050 Cr.) -- Link Intime
for. Despite the submission of issue documents, the company has not yet entered the capital
market. Our primary markets do not have the same depth as developed markets. IPO market
scenario will improve after some issues get good support from investors.India's share in the
amount raised globally decreased this year. India's share in the amount raised globally has come
down to 0.9 per cent this year. It has averaged close to 2.9 per cent in the last five years. After 6.1
percent in 2017, this share was the highest in 2022 at 5.2 percent.Some believe that there will be
a comeback from Enterprise Content Management (ECM) activities as companies prepare for
their issuances.
* Current Market situation : Three NSE SME - Crayons Advertising,Vasa Denticity,
ProventusAgrocom and one BSE SME -Hemant Surgical so total four SME IPO and four Rights
Issue -Earum Pharma,Samor Realty, Enbee Trade, Clara Ind. are in the market.
Last week two SME IPOs Auro Impex & Chemicals andKrishca StrappingSolutions got listed.
* Last week's listing:-
Cont...
Financial Weekly TM
• Auro Impex & Chemicals (NSE SME) :- The issue with a fixed Listing Information of
Krishca Strapping
price of Rs. 78 got listed on May 23 at Rs. 78 and went up to Rs. NSE SME KRISHCA
78.50 and down to Rs. 74.20 before closing at Rs. 75.70. It closed at Listing Date 26-5-2023
Offer Price Rs. 54.00
Rs. 75.60 on Friday. Listing Price Rs. 118.80
• Krishca Strapping Solutions :- The issue with an offer price o Listing Day High Rs. 118.80
Listing Day Low Rs. 112.90
Rs. 54 got listed with 118% premiums at Rs. 118.80 and went down Listing Day Close Rs. 112.90
to Rs. 112.90 before closing at Rs. 112.90. It closed at Rs. 109% CMP (26-5-2023) Rs.112.90
• CFF Fluid Control (BSE SME) : - CFF Fluid Control Ltd's SME initial public offer (IPO)
will open for subscription on Tuesday, 30 May, and will close on Friday, 2 June. The company
has fixed the price band at Rs. 165 per equity share for the proposed SME IPO.The total IPO
size is ?85.80 crore and it solely consists of fresh issue. The shares are planned for listing on
BSE SME.The IPO's registrar has been named as Cameo Corporate Services Ltd and Lead
Manager is Aryaman Financial Services. IPO may get listed on June 12.
• Comrade Appliances Ltd : - Comrade Appliances Ltd's SME initial public offer (IPO) will
open for subscription on Wednesday, 31 May, and will close on Monday, 5 June. The com-
pany has fixed the price band at Rs. 52 to Rs. 54 per equity share for the proposed SME
IPO.The total IPO size is ?12.30 crore and it solely consists of fresh issue. The shares are
planned for listing on BSE SME. The lead manager is Gretex Corporate. It may get listed on
June 13.
* This week's Rights Issues : - Analysis of Earum Pharmaceuticals, Samor Realty, Enbee
Cont...
Financial Weekly TM
Bajaj Auto (Rs. 4615.00) (Code : 532977) :- Bajaj Auto reported consolidated net
profit for the quarter ended March 2023 at Rs 1,704.74 crore, up 11.70 percent from Rs 1,526.16
crore in the same quarter last year. Revenue from operation came in at Rs 8,929.23 crore, register-
ing a growth of 11.96 percent from Rs 7,974.84 crore in the year-ago quarter. The board of directors
of the company has recommended a dividend at the rate Rs 140 per share. The company's EBITDA
maintained its strong run, growing 26 percent YoY to Rs 1,718 crore, with margin accretion of 220
bps to 19.3 percent. Sequentially, across quarters, price realisation and material costs held flat
with favourable mix driving the slight uptick. The company's surplus cash stood at Rs 17,445 crore
as of March 31, 2023. Meanwhile, the company sold 1,81,828 units in the domestic market last
month, recording a massive 95 percent YoY growth. However, with 1,06,157 units, its exports de-
clined by 44 percent on a YoY basis. Buy in phased manner.
Pidilite Industries (Rs. 2586.00) (Code : 500331) :- Pidilite Industries’ stock has
been in consolidation mode for quite some time. Now, the stock is poised for upmove as there is
more convinience for the business. Crude oil prices slid further last week. Brent crude has come
down below 80 dollars. It is a major relief for adhesives companies like Pidilite as crude oil is its
key raw material. Pidilite Industries is engaged in the manufacturing of adhesives, sealants, water-
proofing solutions and construction chemicals, arts & crafts, industrial resins and polymers. De-
spite consistently strong fundamentals, higher raw material costs over the past year has severely
dented operating margins which has resulted in a below average returns for Pidilite industries in
FY23. Now, crude oil price has singnificantly come down from its last year avearge. Pidilite has
very low equity capital and huge reserve. Buy. Buy more at any decline.
Nestle India (Rs. 21581.00) (Code : 500790) :- Nestle India, the house of Kitkat
chocolates and Maggi noodles, reported a net profit of Rs 736 crore for the March quarter, making
a 24.7 percent jump over the year-ago period. The company follows a January to December finan-
cial year. Revenue from operations jumped 21.3 percent year-on-year to Rs 4,830 crore. On the
operating front, EBITDA (earnings before interest, taxes, depreciation and amortization) came in at
Rs 1,098 crore, up 18 percent. Margins at 22.7 percent were lower than 23.4 percent in the year-
ago period. Estimates had pegged margin at 23 percent. The company expects cost of fresh milk,
fuels, and green coffee to remain firm because of continued increase in demand and volatility. This
Cont...
Financial Weekly TM
Emami (Rs. 401.00) (Code : 531162) :- Emami has registered a 56.4% year-on-year
growth in consolidated profit at Rs 144.43 crore for March FY23 quarter and its Revenue from
operations for the quarter at Rs 836 crore increased by 8.8% over a year-ago period, with domestic
sales growing 5% and international business rising 19%.
Praj Industries (Rs. 374.00) (Code : 522205) :- Praj Industries will be forming of
a 50:50 joint venture with Indian Oil Corporation to set up biofuel production facilities and market-
ing of CBG, ethanol, SAF & other co-products. Both the companies will infuse Rs 50 lakh each into
the joint venture company. The company reported consolidated profit at Rs 88.1 crore for the quar-
ter ended March FY23, growing 53% over a year-ago period, while revenue from operations grew
by 21% to Rs 1,004 crore compared to same period last year. The board proposed a final dividend
of Rs 4.50 per equity share for FY23.
Max India (Rs. 92.00) (Code : 543223) :- Max India's board has given approval for
infusion of Rs 294 crore in its wholly owned subsidiary companies, i.e., Rs 177 crore for Antara
Senior Living, and Rs 117 crore for Antara Assisted Care Services, to meet their funding / business
expansion requirements.
eClerx (Rs. 1538.00) (Code : 532927) :- eClerx Serviceshas clocked a 11.6% year-
on-year growth in consolidated profit at Rs 132.5 crore for quarter ended March FY23, driven by
healthy revenue and operating numbers. Its Revenue from operations at Rs 693.1 crore for the
quarter increased by 17.1% over a year-ago period.
Voltas (Rs. 814.00) (Code : 500575) :- Voltas has laid the groundwork at Thiruvallur
district in Tamil Nadu, for its new air conditioner factory which is spread over 150 acres. The com-
pany will invest over Rs 500 crore in this factory, for RAC (room air conditioners) manufacturing,
over the next couple of years.
Prince Pipes & Fittings (Rs. 610.00 (Code : 542907) :- Prince Pipes and
Fittings has recorded profit at Rs 94 crore for the quarter ended March FY23, growing 7% over a
year-ago period despite lower topline numbers, supported by strong operating margin. Its Rev-
enue fell by 15% year-on-year to Rs 764 crore for March FY23 quarter.
GMM Pfaudler (Rs. 1447.00) (Code : 505255) :- GMM Pfaudler has reported a
massive 140% year-on-year growth in consolidated profit at Rs 38.5 crore for March FY23 quarter,
driven by topline and operating numbers. Its Revenue for the quarter grew by 23.8% on-year to Rs
866 crore.
Cont.....
Financial Weekly TM
Mahindra & Mahindra (Rs. 1281.00) (Code : 500520) :- M&M posted a net profit
of Rs 1,549 crore for the quarter ended March, up from Rs 1,268 crore in the base quarter. Its profit
was up 22.1 % and its Revenue for the quarter came at Rs 22,571,4 crore, up 31 % from Rs 17,237
crore in the same quarter of the previous fiscal.
Piramal Pharma (Rs. 82.00) (Code : 543635) :- Piramal Pharma posted its high-
est margin and revenue in FY23 during the fourth quarter. It bounced back from its loss in previous
quarter and has reported a net profit of Rs 50 crore in thequarter under review.Its Revenue also
grew 26 %sequentially to Rs 2,164 crore from Rs 1,716 crore in the previous quarter.
Infosys (Rs. 1317.00) (Code : 500209) :- Infosys has announced its collaboration
with Adobe to transform the digital workforce through Infosys' online learning platform, Infosys
Springboard, under its Tech for Good charter. Both organizations will aim to create over 10,000
new Adobe certified experts globally by 2025.
Wipro (Rs. 401.00) (Code : 507685) :- Wipro announced a partnership between its
Engineering Edge business line and Spartan Radar, an automated mobility sensor software pro-
vider, to build advanced vehicle solutions. Wipro's corporate investment subsidiary Wipro Ven-
tures has invested in Spartan Radar's Series B funding round.
Fine Organic Industries (Rs. 4474.00) (Code : 41557) :- Fine Organics has
reported a 40.7% year-on-year increase in consolidated profit at Rs 149.4 crore for quarter ended
March FY23, driven by healthy operating performance. Its Revenue from operations for the quarter
fell by 21.4% to Rs 596.6 crore compared to year-ago period. The company announced a final
dividend of Rs 9 per equity share for FY23.
Cont.....
Financial Weekly TM
Gujarat Pipavav Port (Rs. 108.00) (Code : 533248) :- Gujarat Pipavav Port has
recorded a 30.8% year-on-year growth in consolidated profit at Rs 97.3 crore for quarter ended
March FY23 despite weak operating margin performance.Revenue for Q4FY23 grew by 6.8% to
Rs 234.7 crore compared to corresponding period last fiscal. The board recommended a final
dividend of Rs 3.40 per share.
ICRA (Rs. 4764.00) (Code : 532835) :- ICRA has reported a 14.9% year-on-year
growth in consolidated profit at Rs 38.4 crore for quarter ended March FY23, as revenue grew by
16.4% to Rs 109.08 crore compared to corresponding period last fiscal. Profitability was also sup-
ported by other income and lower tax cost.
BPCL (Rs. 364.00) (Code : 500547) :- BPCL reported a 159 % growth in net profit of
Rs 6,478 crore for the fourth quarter of the current 2022-23 (Q4FY23), compared to the Rs 2,501
crore in the same period a year back. Its Consolidated revenue from operations rose by 8.1 % to Rs
1,34,000 crore from Rs 1,23,000 crore.
JSW Steel (Rs. 701.00) (Code : 500228) :- JSW steel has reached an in-principal
agreement to establish a 50:50 joint venture (JV) with Japan's JFE Steel to manufacture cold rolled
grain oriented electrical steel (CRGO) in India.
Hindustan Zinc (Rs. 305.00) (Code : 500188) :- Hindustan Zinc has pledged its
entire 64.9 % stake in Hindustan Zinc to raise funds. Vedanta, has over the past month repaid all
loans and bonds due in April this year, helped by a hefty dividend from the Indian subsidiary.
BPCL (Rs. 364.00) (Code: 500547) :- The company has reported a profit of Rs. 6477.7
crore for the March quarter, beating analyst expectations of Rs. 3981 crore. Margins rose from
3.5% in the December quarter to 9.4%.
Fusion Micro (Rs. 499.00) (Code: 543652) :- The company’s March quarter profit
zoomed 750% from Rs. 13.1 crore to Rs. 114.5 crore. Net interest income surged by 61% from Rs.
170.6 crore to Rs. 276.5 crore.
Cont.....
Financial Weekly TM
As per Col Ajay CEO Www.ajayastromoneyguru.com first week of June month 2023 repre-
sented by planet known as Jupiter and year 2023 represented by planet known as ketu.
Combination of Jupiter and ketu may bring highest volatility in global market in week starts from
29 May to 3 June 2023
Nifty IT has seen vertical up trend as per our advance prediction made in previous article. Check
we said software stock to perform well. Nifty IT has seen 3.5% up move under highest volatility.
Hope readers must have enjoyed this unparalleled advance analysis on stock market.
Important planet Jupiter will make conjunction with Rahu,
Sun will be in Venus house
Now this week stock market may see volatility since global recession fear. Most important mon-
soon South West monsoon is uncertain which may impact Indian Economy.
This time for patience for investment.
It's better to focus on money market rather then secondary capital market.
Now as per astro economics this week is expected to show fresh buying interest in fertilizer and
seeds stocks keeping in view of South West monsoon.
Keep eyes on NFL, Chambal fertilizer for midterm investment.
Timely profit booking is mandatory for short term trading
The above prediction and Analysis is done basis of Fundamental Analysis and Financial As-
trology.
Risk management is mandatory tool in stock Market.
You may use your wisdom and consult your analyst before taking any decision.
The above Analysis only for Education purpose.
Col Ajayastromoneyguru
Mobile 9414056705
Financial Weekly TM
" 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.
29-05-2023 Monday :- " Nifty will still maintain strength this week. " Nifty remained
around 9.50 surface from opening. " Overall view is positive side in Nifty from 9.50 to 12.30.
" 12.30 to 14.40 Nifty mix to soft side. " 14.40 to 15.30 Nifty may enter recovery mode.
30-05-2023 Tuesday :- " Today will work with calculation of pure speculation. " Short
around 10.11 and recover around 11.11. " Nifty sell around 12.30 and recover around 14.10.
" Buy Nifty around 14.24 and square off the deal around 15.15.
31-05-2023 Wednesday :- " 9.15 to 11.35 can be called jobbing slot. 11.35 to 12.35 Nifty
up. " 12.35 to 14.35 Nifty mix remains. " 14.35 to 15.30 Nifty may bounce lightly.
01-06-2023 Thursday :- " Perfect day for intraday. " Let the market settle till 9.31,
then a decision should be taken. " From 9.31 to 10.53 the market will be jobbing on the
positive side. " Small correction from 10.53 to 11.21 may come in Nifty. " Nifty remains up
from 11.21 to 12.21. " From 12.21 to 14.21 Nifty will remain soft so that you will not get
clarity. " After 14.24 Nifty trend towards gain.
02-06-2023 Friday :- " From 05-06-2023 to 20-06-2023 Nifty may lose its previous strength,
so be careful from today. " Today from opening till 13.00 pm there is no clear trend only
every 12 minutes the trend will change so you will be doing frequent and fast deals. " From
13.00 to 14.00 (M) shape graph should be decided accordingly. " From 14.00 hrs Nifty will go
step by step up side.
Financial Weekly TM
Lincoln Pharmaceuticals Limited, one of India's leading healthcare companies has achieved
the milestone of Rs. 533 crore Revenue & Rs. 100 crore Profit before tax for the first time in a
financial year. Company has reported its Best-ever results in a financial year with the highest -
Revenue, EBITDA and Net Profit during FY 2023. Company has recommended a dividend of
15%, Rs. 1.50 per share on the face value of Rs. 10 per share for the FY 2022-23.
Company reported net profit of Rs. 72.90 crore for FY23 as against net profit of Rs. 69.36 crore
in the corresponding period last year, growth of 5.11%. Total Income for FY23 was reported at Rs.
532.79 crore, higher by 10.52% over previous fiscal’s same period total income of Rs. 482.08
crore. Company reported EBITDA of Rs. 111.65 crore in FY23, rise of 5.86% as compared to EBITDA
of Rs. 105.47 crore in FY22. EPS for FY23 was reported at Rs. 36.40 per share.
Commenting on the results and performance, Mr. Mahendra Patel, Managing Director, Lincoln
Pharmaceuticals Limited, said, "Company has achieved the milestone of Rs. 500 crore revenue
and Rs. 100 Crore in Profit in FY23 with a robust a operational and financial performance along
with healthy growth in revenue, margins and profitability.
Financial Weekly TM
Financial Weekly
Every Sunday Every Wednesday
Ami Organics 1168 1230 5.31 Hero Moto 2713 2732 0.7
The Ramco Cem. 843.3 880 4.35 Mastek 1888 1915 1.43
Adani Green En. 897.55 970 8.07 Ambuja Cement 403 419 3.97
KPI Techno 943 1021 8.27 Adani Wilmar 404 451 11.63
Capri Global 675 707 4.74 Exide Ind. 205 208 1.46
CG Power 340.25 373 9.63 Ugar Sugar Works 107 109 1.87
TM
Financial Weekly
ARCHI PUBLICATIONS
311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA
Phone : 079 - 2657 66 39, Fax : 079 - 2657 99 96 • Mob. : 0982500 6980
E-mail :
[email protected] / [email protected] / [email protected]
web : www.smartinvestment.in
Disclaimer :- Investment recommendations made in Smart Investment are for information
purposes only and derived from source that are deemed to be reliable but their accuracy and
completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column who
buy or sell securities based on the information in this column are soley responsible for their ac-
tions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
Financial Weekly TM
Subscription Chart
B.O.S.S. (Best of Smart Services)
3 Month 6 Month 1 Year
10,000/- 18,000/- 35,000/-
Smart Investment Report (SIR)
1 Month : Rs. 2,000/- only
www.smartinvestment.in
You will be assigned your subscription over there itself
TM
Subscription Rates
All rates are inclusive of GST
Telegram : https://t.me/smartinvest_25
Followers : 17,444+
Instagram : smartinvestment.in
Followers : 6,444+
Financial Weekly TM