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

77777ththththth Sep. to 13 Sep. to 13 Sep. to 13 Sep. to 13 Sep. to 13ththththth Sep. 2015 Sep. 2015 Sep. 2015 Sep. 2015 Sep. 2015

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BSE Open High Low Close Diff31/08/2015 26,469.42 26,504.73 26,215.16 26,283.09 -109.2901/09/2015 26,127.04 26,141.07 25,579.88 25,696.44 -586.6502/09/2015 25,891.95 25,939.37 25,395.09 25,453.56 -242.8803/09/2015 25,614.69 25,835.41 25,555.77 25,764.78 311.2204/09/2015 25,772.58 25,775.38 25,119.06 25,201.90 -562.88

Net Weekly Loss -1190.48NSE - Nifty Open High Low Close Diff31-Aug-15 8009.25 8043.6 7947.95 7971.3 -30.6501-Sep-15 7907.95 7929.1 7746.5 7785.85 -185.4502-Sep-15 7856.65 7862.55 7699.25 7717 -68.8503-Sep-15 7774.45 7845.6 7754.05 7823 10604-Sep-15 7803.4 7804.9 7626.85 7655.05 -167.95

Net Weekly Loss -346.9

Last Week Sensex, Nifty Moves

77777ththththth September to 13 September to 13 September to 13 September to 13 September to 13ththththth September 2015 September 2015 September 2015 September 2015 September 2015 2SMARTI N V E S T M E N T

Hemangi [email protected]

Hidden GemHidden GemHidden GemHidden GemHidden Gem

Sandesh Ltd.(BSE : 526725) RS 710.00 (FV RS 10)Sandesh Group is over 90 years old, the journey of Sandesh as a newspaper started in 1923,

and today Sandesh isGujarat’s largest and most influential media house, having a strong foothold across media

landscape, such as :Newspaper : Sandesh, which is published from Gujarat & Maharashtra is the largest media

Gujarati company with 7 editions across Gujarat & Mumbai.Television : Sandesh News (Award winning channel) is the region’s fastest growing 24x7

Gujarati News Channel, which reaches out to the most affluent and powerful gujarati audience.Digital : Harnessing the potential as a future of communication, Sandesh is among first to

launch a Gujarati news Smart Phones App in India to provide information and news in real timesas it happens, and continues to have an expanding digital presence of over 5 million followersacross all platforms.

Magazine & Weekly Publications : Through “Agro Sandesh” which provides relevant andenriching content to the farming, Dairy and co-operative sector, thus contributing the sector posi-tively. “Stree” is popular women focused magazine which reaches out to women across all classesand addresses the issues related to them directly.

OOH (Out of Home) Media Solutions : “Spotlight” Brand Management focuses on every as-pect of Brand Launching, upto Brand Building and enhancing the brand message by going be-yond just grabbing eyeballs, but creating a lasting buzz around the brand. Company has its sitesat all the major commercial areas in Ahmedabad. The company has procured various prestigioustenders like BRTS, Bus Shelters, AUDA & Ahmedabad Municipal Corporation. Besides all of theabove, the company also successfully operates its Real Estate (by the name of ApplewoodsEstates Pvt Ltd, by monetizing its land bank in Ahmedabad) and Finance business.

To cover the entire geography of Gujarat state, the company has its printing facilities at Baroda,Surat, Rajkot, Bhavnagar, Bhuj to cater Semi urban & rural areas. The regional offices are locatedat Mumbai, Delhi, Kolkata, Bangaluru, Chennai & Pune. Company enjoys a strong regional fran-chise, where it enjoys strong readership loyalty.

Future Outlook : According to FICCI-KPMG Report 2014, the print sector continued to buckthe global slowdown trend and the sector grew at CAGR of 8.5% last year to touch Rs 243 Billion.The print industry is expected to grow at a CAGR of over 9% for 2013-18, as against estimated8.7% expected in 2013. Vernacular market saw 10.8% growth in advertisement revenues, withEnglish print reporting a sluggish growth of 5.2%. The increase in population, literacy rate andreach has led to increased circulation and readership of the newspapers in India. The company issteadily increasing its geographical presence, which helps improve its circulation and readershipof its publications.

Sectors which spent heavily on print were FMCG (12.3%), Automobiles (11.7%), Education(9.7%), and Real Estate (8.7%). FMCG, Telecom and Automobile will continue to increase theirad-spent to push the sales due to slowdown, and majority will likely to come to Print media, due toits affordability, vast reach and direct impact. According to FICCI-KPMG Report 2014, amongvarious media, Print and Television continued to be the primary media platforms, claiming nearly


82% of total revenue and could continue to be the most dominant media for the next 5 years.Valuation : This closely held DEBT FREE, Cash Rich company, with a tiny equity of Rs 7.61 Cr

& Reserve of 392 Cr (Book Value Rs 604 per Share), where promoters hold 74.81% (Zero Pledge),HNIs hold 12.12% and rest (~13%) is held by Public, is trading at a PE of only 7.8 times TTM EPSof Rs 85 per Share (Average Industry PE stands at 18 times). At CMP of 680, the share is avail-able at a Price to Book value of close to 1.1 (Industry Price to Book value 4.5 times). Market Capto Sales Ratio is 1.5 (Industry Average is 4.5 times). “June 15 Quarter company posted YOY salesgrowth of 10%, while Net Profit Jumped over 50% from 13.3 cr to 20.35 Cr, posting an EPS of26.88 for June Quarter alone. The great news is that the company has posted a Super margins,OPM of 36.15% and NPM of 22%, which is the highest in the industry. ROE & ROCE stands at12.01% and 35.95%.

With blockbuster results of June quarter, one thing is clear that the company is now on a highgrowth path and that will continue going forward, the company can easily post an EPS of Rs 110for FY 16, which makes this stock one of the cheapest among media company at only 6 times PEat CMP of 680. Investors can invest in this another “Force Motors” in the making stock for longterm wealth creation.

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Market Scan

Rec. Name CMP SL TGT-1 TGT-2

Sell Maruti 4063 4152 3929 3793

Sell Col. Pal. 1885 1915 1839 1792

Sell Strides 1145 1173 1102 1057

Sell HUL 830 847 804 777

Sell CIPLA 650 664 628 603

This Weeks Recommendations

S3 S2 S1 Close R1 R2 R3

NIFTY 7323 7422 7540 7655 7723 7841 7947

SENSEX 24163 24587 24892 25201 25553 25910 26215

:::: INDEX LEVELS ::::

Last Weeks RecommondationStocks Reco.Price TGT Reached Lot Size Profit

Sell Bajaj Auto. 2280 2167 2183 125 12,125

Sell L & T 1616 1563 1520 250 24,000

Sell ACC 1363 1316 1317 250 11,500

Sell BHEL 235 222 204 1000 31,000

Sell Hexaware 236 224 228 1000 8,000

Total 86,625

Black FridayBlack FridayBlack FridayBlack FridayBlack FridayAugust Lows Breached :- Just when it seemed that the market was stabilising near

the Nifty 7700 levels, the Bears attacked with all the vengeance and breached the re-cent August lows of Sensex 25298 and Nifty 7667. This is sign that indicates that notonly the recovery will take longer than expected but the downside will also be lower thanexpected.

Technically Speaking :- On the daily charts, both the indices made a Bullish Haramion Thursday, but the pattern could not get confirmed. On Friday both Sensex and Niftyformed a big Opening Black body Marubuzo which has strong bearish implications. Onthe weekly charts, both the indices have formed a big Black body candle in line with thedown trend. Thus the daily as well as weekly charts indicate bearishness in the nearterm.

Since the market has gone down sharply, it will not be a surprise if a dead cat bounceis witnessed. The relevant Retracement levels are placed at Sensex 26551-26938-27325and Nifty 8044-8161-8277.

Both the indices made a Bearish Gap on Tuesday between Sensex 26141-26215and Nifty 7929-7947 which will act as strong resistance going forward. Any Pull-Backrally is likely to face strong resistance at the above mentioned levels. On the higher sidethere is a Bearish Falling Gap on daily as well as weekly chart i.e. between Sensex26730-27131 and Nifty 8091-8225. This gap combined with 50% Retracement level(Sensex 26938 and Nifty 8161) will act as a strong Resistance zone going forward.

The current fall helped achieve the target for Bearish Rising Wedge (which was at26049 for the Sensex and 7882 for the Nifty). But targets for Ascending Broadening


pattern (Sensex 25034 and Nifty 7533) and Head and Shoulders pattern (Sensex 24486and Nifty 7425) still remain intact. This week a higher degree Head and Shoulders gotcompleted on Monday and the target as per that pattern falls at Sensex 22552 and Nifty6741. The above mentioned patterns will fail only if Sensex closes above 28578 andNifty above 8654.

MACD and Price ROC are both negative and continue in Sell mode. RSI and Sto-chastic oscillator are in oversold zone. MFI indicate money flowing out of the market.ADX has gone above 35, which suggests that the current down trend is very strong.Directional indicators continue in Sell mode. Bollinger Band continues with its Sell sig-nal. Thus Oscillators suggest bearishness to continue in near term.

This week, both the indices continued to remain below the short term average of20dma, the medium term average of 50dma and even the long term average of 200dma.Thus the trend in the short term, medium term and even the long term timeframe contin-ues to remain bearish.

Volatility Index India VIX shot by around 20% to close around 27 on weekly basis,which is a sign that Volatility is here to stay and will remain in an upward trajectory witha likely target of 39. Options data for September series indicates highest Put OpenInterest build-up at the strike of 7500 and highest Call build-up is now at the strike of8200. Thus Option data suggests a very wide trading range with resistance coming in at8200 and support around 7500.


Terrific Shots

Cyient (Rs.597.00) (Code: 532175) :- Expert in engineering designing, it is a mediumsize IT company. The company's client list includes PRATT AND WHITNEY, HAMILTONSUNDSTAND, BOMBARDIER, ALSTOM, CATERPILLAR among others. The company providesnetwork solutions and GIS services to utilities, telecome, digital maping companies. As againstequity of Rs56.18 crore,the company has reserves of Rs1787.88 crore. In June quarter thecompany's income increased from Rs621.7 crore to Rs726.31 crore, while profit increased fromRs68.51 crore to Rs74.83 crore with EPS of Rs6.66. Following consolidation, the stock has wit-nessed new break out and it may witness improvement in the stock prices in future. The companypaid 160% dividend in 2015.

Brigade Enterprise (Rs139.00) (Code: 532929) :- The company has completedmore than 100 residential, commercial, retail and hospitality sector projects till now taking totaldeveloped area to 1858 million square meter. The company aims to complete 7.7 million squaremeter proejcts in seven years including luxury apartments, technical parks, SEZ, five star hotelsand others. The company along with Singapore's GIC has purchased 15 acres land at cost ofRs550 crore in Chennai's Perungudi. In June quarter, the company recorded net profit of Rs22.08crore on income of Rs. 293 crore with EPS of Rs7.83. The company's equity has not changed butreserves has doubled. It is a bonus candidate.

P.C. Jewellers (Rs.397.00) (Code: 534809) :- P.C.Jeweller was started with oneshowroom in Karolbaug area in Delhi in 2005 and now it has 50 stores in 33 cities of the country.The company has a big collection of gold, jewellery, wedding jewellery, spectrum jewellery andother items. The company is aggressive on brand promotion and marketing front. As againstequity of Rs179.10 crore, the company has reserves of Rs1811 crore. In June quarter, the company'sincome increased from Rs1323.02 crore to Rs1510.65 crore, while profit increased from Rs69.59crore to Rs82.47 crore with EPS of Rs4.60. The company has declared 35% dividend for FY2015.The company's market cap is Rs7100 crore. The stable gold prices and high demand for jewellerymay bost the company's performance.

Shilpa Medicare (Rs973.00) (Code: 530549) :- The mid cap pharmaceuticalcompany's share went up to Rs1246.7 and downt o Rs502.65 within a year. It produces activepharmaceutical ingredients. As against equity of Rs7.71 crore the company has reserves ofRs539.23 crore. The company's market cap is Rs3580 crore. In June quarter, the company'sincome increased from Rs138.9 crore to Rs148.5 crore, while profit decreased from Rs17.07crore to Rs16.06 crore with EPS of Rs4.17. The stock is being quoted at PE of Rs46 which seemsto be costly but the people close to development are quite bullish on future of pharma sector. Thestock can be bought on downward movement in phased manner.


Chart Buster By Talaksi Gosar(Mumbai)

BSE Sensex "troughed-out" on short-covering butends week with a loss

With many uncertainties hovering, marketsunlikely to resume buopyancy so soon

It was straight fourth week in a row when the Indian stock markets ended lower, initially hit by

mayhem in Chinese stock markets coupled with devaluation of its currency and lastly, by poor

domestic GDP numbers. The BSE Sensex lost as many as 939 points in the initial three trading

sessions on sustained off-loading by FIIs and breached one more psychological round figure of

26,000. On Thursday, however, it rallied by 311 points on buying in the form of short-covering but

still fell 628 points short of the previous week's closing.

After rallying for two consecutive days at the end of the previous week, the markets yielded to

sustained selling by bull operators and FIIs as well, right from Monday of the last week, a day

ahead of Q1 GDP data. The BSE Sensex closed 109 points lower on Monday on increased selling

in capital goods, select banking & financials, oil and technology stocks while only pharma stocks

could buck the trend. Standard & Poor's, a global rating agency, had expressed concerns on

falling exports and the rupee and was feared to degrade India's rating which prompted the major

bull operators to book profits.

On Tuesday the the markets crashed by 587 points amid sell-off in global stocks, after weaker

than expected Q1 GDP data coupled with slower pace of core sector and factory growth raised

worries about a pick up in the economy going forward. Besides, sales by FIIs also weighed on

investor sentiment. The BSE Sensex plunged by 587 points to close at 12-months low at 25696.

Meanwhile the prospects of Fed rate hike in September on the back of robust US economic data

had also dampened sentiment of market participants. The US stocks also fell sharply on weak

China factory data. All Asian markets ended lower while European and US stocks were no excep-

tion to the global phenomenon.

Bears retained tight grip on Dalal Street on Wednesday as well as equity benchmarks ended

lower by 243 points and at 13-month closing low, continuing downtrend for the third consecutive

session. However, buying in technology and index-heavy-weights ITC and Reliance Industries

capped the downside.

On Thursday, however, the three-day-long losing streak ended mainly on short-covgering by

bear operators in forward group shares help lift the BSE Sensex by 311 points following firm


opening of the US stocks in future deals on the news of strengthening of its economy. Thus, the

markets continued their slide in the fourth consecutive week with small and marginal investors

fleeing away from the scene.

The China mayhem has hurt the equity markets globally and hit the currencies very seriously

and thereby destablizing many emerging markets and economies from growing as with the sharply

devalued Yuan, these economies and nations would once again find it tough to compete with

Chinese goods in export markets. The Indian industries are also feared to fall prey to the Chinese

trick of preserving its own exports by hook or by crook.

The Indian economy also stares at a drought year this time as the monsoon is highly elusive in

most parts of the country leading to price spiral and consequently, likely denial of a rate cut in the

ensuing monetary policy meeting of the RBI on September 29. However, the US Fed is most likely

to come out with its first rate hike in the last nine years well ahead on September 17. On 15th

September, the advance income tax payment numbers by various companies will be known which

too are not going to be encouraging or significantly higher than the first quarter nos. However, the

most crucial issue will be that of the outcome of Bihar assembly polls as both BJP and Prime

Minister Narendra Modi have risked high stake to win the same and any shortcoming would be a

jolt to the stock markets as well.

Therefore, the markets are most likely to remain sustainingly under stress except technical

rallies and feared to go further down. The BSE Sensex last week reached a low of 25395 on

Wednesday and then rallied on Thursday. This low level was just a few points above its previous

bottom of 25298 or rather 25300 reached on August 25, by way of a sudden jolt from China.

Therefore, 25300 level would now lend support to the markets but in case it is breached, then the

markets might slide down swiftly and the losses could be bigger. Therefore, investors are advised

to tread highly cautiously and try not to buy hurriedly.

Jindal Drilling :- Jindal Drilling reached a life-time high of Rs 950.00 in the stock market

boom of the year 2007-08 and then entered a long-lasting downtrend that continued until in the

week before the last. The share, after topping out at Rs 950 in 2007-08, entered a long-lasting

bearish trend and did not even participate in the latest stock market boom that emerged from

August, 2013, as it continued to lose even when most others were gaining after August, 2013. In

the last eight years post the 2007-08 stock market boom, the share has formed sustainingly lower

tops. Even in the latest stock market boom, it reached a high of Rs 302.75, which was the lowest

top in the series. From the latest top of Rs 302.75 established in May, 2014, the share entered a

sustained downtrend until it reached a low of Rs 105 on Tuesday of the previous week. However,

after reaching this nine to ten years' low of Rs 105, the share rallied and rose to Rs 139.90 in just

two working days of hitting the lowest. A technical correction sent it back to Rs 118 on Wednesday

of the last week in intraday but before the markets closed it jumped to Rs 144 before closing at Rs

142.60. On Thursday, the share opened up with a bullish gap and rose to a high of Rs 164.80

before closing at Rs 159. Thus, the share has performed exceedingly bullish in the last couple of


trading sessions and closed higher than the preaks of many preceding days and therefore, most

likely to attract fresh buying support that could take it further up in the days to come.

Career Point :- Career Point had scaled to a high of Rs 179 on March 4, 2015, when the

markets were still in an ebulient mood following total change in the central regime. The share,

before hitting this high, had been ruling very close to this level and even thereafter also tended to

adhere to the peak levels but ultimately surrendered to the market forces as the major holders in

the scrip had nearly fully off-loaded the chunks that they had accumulated at low price levels. With

the distribution of accumulated shares in Career Point, the markets in general turned bearish and

that compelled it to cease its moving range closer to the peak price and enter a downtrend that

sent it to a low of Rs 101 on Wednesday of the last week. However, as if the share was made to

go down forcibly during all this time, it jumped up on Thursday, the last day of trading before this

article going to print and scaled to a high of Rs 125 and closed at that level in buyers' freeze. This

indicates that the share has freed itself from bearish grip and entered a fresh buying attraction and

therefopre, could be expected to go further up.

Caplin Point Laboratories :- Caplin Point Laboratories had scaled to a high of Rs 1361.50

on April 9, 2015, when the markets also nearly reached their final peaks of the latest unprec-

edented boom and then entered a technical correction alongwith the markets to have fallen to a

low of Rs 808 on June 9, exactly two months after hitting the new peak. The share then com-

menced a fresh journey in northward direction and indeopendently from the general trend as the

markets since then had been under sustained selling pressure whereas this scrip not only rose

and reached above the previous peak twice but also each time it rose. it scaled to newer peaks. In

the last week and especially on the last trading day, it jumped to a new life-time peak of Rs 1639

before closing at Rs 1605 and thereby indicated its strong will to go further up and therefore,

recommended for buying at declines.

Buy... Buy...Essar Oil 192.00HOEC 32.00Trident 35.00Nandan Exim 115.00Gujarat Pipavav 179.00Sail 47.00Nalco 32.00Mirza Inter. 98.00Ashok Leyland 85.00FDC 201.00MT Educare 125.00Bhuwalka Steel 11.29

Buy on Dips

SUN TV 387.00Aban Offshore 238.00Petronet LNG 175.00EMAMI 1258.00Ratnamani Metal 595.00Tata Motors DVR 223.00PC Jew. 386.00Atul Auto 407.00Nucleus Soft. 236.00Bharti Infra 408.00Excel Ind. 279.00Majesco 311.00Cairn India 146.00

KPR Mills 716.00Vardhman Tex. 885.00Bajaj Fin. 1835.00Oil India 437.00Castrol 425.00Caplin Point 1486.00Wipro 553.00E-Clerx 1700.00ACC 1350.00Sutlej Tex. 418.00Infosys 1073.00IDEA 149.00

Sell on HighBhushan Steel 48.00Bank of India 128.00Corporation Bank 46.00CESC 489.00PFC 206.00Amtek Auto 32.00JSPL 62.00Power Grid 123.00BHEL 206.00HDFC Bank 995.00ICICI Bank 257.00Kotak Bank 606.00HDIL 57.00

Hold


-: Golden quote :-Listen once in awhile, It’s amazing what you can hear

Stock WaveSarvesh Ashok Trivedi

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

Stock Wave (Closing as on September 3, 2015)BSE Index (25764.70) :- It is on downward movement from top of 28417.59. It shows

oversold position on daily, weekly and monthly basis. On upward movement, be-yond25940, it may go up to 26141, 26300 with resisting level at 26504. On downwardmovement, below 25555 it may go down to 25500, 25298, with last support at 25090.

Nifty Future (7842.55) :- From top of 8647.90 it is movind downwards. It shows over-sold position on daily, weekly and monthly basis. On upward movement, beyond 7915 itmay go up to 7980 with resisting level at 8000 and beyond that to 8080 with resistinglevel at 8225. On downward movement, below 7721 it may go down to 7665 with lastsupport at 7600.

Bank Nifty (16565.90) :- It is movind down from top of 19194. It shows oversoldposition on daily, weekly and monthly basis. On upward movement, beyond 16780 itmay go up to 16870, 16975,with resisting level at 17140. On downward movement,below 16230 it may go down to 16145, 15980 with support at 15815.

Bhel (211.60) :- From top of 290, the stock is movind downwards. It shows oversoldposition on daily, weekly and monthly basis. On upward movement, beyond 221 it maywitness resisting level at 228. On downward movement, below 194 may be critical.

Hindustan Unilever (833.75) :- The stock is on southward movement from top of944. It shows oversold position on daily and weekly basis, while overbought to neutralon monthly basis. On upward movement, beyond 848 it may witness resisting level at855. On downward movement, below 806 it may get support at 793.

Kotak Bank (627.10) :- It is movind downward from top of 724.75. It shows oversoldposition on daily, weekly and monthly basis. On upward movement, beyond 636, resist-ing level could be at 651. On downward movement, below 600 shows weak condition.

Reliance (853.75) : It is movind downward from 1067.85. It shows oversold positionon daily, weekly and monthly basis. On upward movement, beyond 865 it may go up to874 with resisting level at 883. On downward movement, below 835 it may go down to818 on weak condition.

SBI (232.25) :- From top of 291.80, the stock is moving downwards. It shows oversoldposition on daily, weekly and monthly basis. On upward movement, beyond 245 it maywitness resistance at 251. On downward movement, below 228 it may go down to 216and 205.

Selling spree on spurt in stock prices


Expert’s EyeDilip [email protected]

Best BuyAlpine Hsg.,

Goodluck Steel,KLRF

Ex-SplitKushal Trade (5 : 1)

Another lack-luster week

Bonus AnnounedRuby Mills (1 : 1)Kavit Ind. (1 : 3)Tiger Log. (3 : 2)Dhabriya (1 : 4)

Ex BonsuPMC Fin. (1 : 1)

Damodar Ind. (1 : 4)

Bonus MeetVinaditya Trad : 7-9-15

Dividend AnnouncementsChaman Lal Setia (20%),

Gillette India (150%), KanchiKarpooram (5%) etc.

After turmoil in the previous week, the week under report started on a weak note following weakglobal cues and rising crisis at China and Euro zone. With first three session falls, indices markedlast 13 months low. On Thursday we marked reversal with gaining momentum that was attributedto short coverings of oversold market ahead of weekend holiday moods. Poor GDP of 7% for Q1of current fiscal brought selling spree that gathered momentum on weak global sentiment. How-ever, Thursday marked recovery on short coverings and fresh buying at lower levels. RBI termingSBI and ICICI Bank as systematically bank coupled with new terms that will enhance bank's NPAsspoiled banking sector with all out selling. Thursday gain was washed out on the final day of theweek and finally the week resulted in another mega loss recording week overshadowing earliertwo week's losses. Market also ignored cut in petrol and diesel prices during the week.

During the week BSE Sensex and NSE Nifty moved in the range of 26504.73-25119.06 and8043.60-76263.85 respectively.

Secondary Market :- On Monday markets opened on a firm positive note, but lost the momen-tum post noon with continued selling from FIIs that prompted red closing. BSE Sensex lost 109.29points to end the day at 26283.09 and NSE Nifty marked deficit of 30.65 points to close at 7971.30.Despite stimulus, China economy turning weak kept all guessing and forced pressing sell button.Banking, Auto, Capital Goods counter lead the doom. However select pharma counters gainedmomentum on bargain hunting. Mid and Small cap select counters surged on value buying. RILand ONGC lead the slide. PMC Fin turned ex-bonus (1 for 1). Ruby Mills announced bonus in theratio of 1 share for every 1 share held. Kavit Industries announced bonus in the ratio of 1 share forevery 3 shares held.

On Tuesday markets opened in red and drifted down further as theday progressed. BSE Sensex marked deficit of 586.65 points to closeat 25696.44 and NSE Nifty too mirrored similar trends with a loss of185.45 points to end the day at 7785.85. Poor factory PMI (last threeyear's low) from China brings selling spree with widening selloff by FIIs.Poor GDP of 7% for Q1 of FY16 spoke the sentiment with all out sellingand weak global cues prompted mega selling. Power, Banking, Pharma,Auto, Metal and Oil and Gas counters lead the doom. FII continuedheavy selloffs. Even Small and Mid cap counters witnessed hammer-ing at every rise. Tiger Logistics announced bonus in the ratio of 3shares for every 2 shares held and Dhabriya announced bonus sharesin the ratio of 1 share for every 4 shares held. Rama Steel got listed onBSE. Prabhat Dairy IPO lowered the price band to Rs. 115-126 fromRs. 140-147 and also extended the closing date to 04.09.15.

After cautious positive start on Wednesday, indices lost ground forthe third day in a row to close in red. BSE Sensex posted loss of 242.88points to end the day at 25453.56 and NSE Nifty marked deficit of 68.85


points to close at 7717.00. Hammering on Metal, Oil and Gas, Healthcare, Power, Banking andAuto counters kept indices on sliding mode. Although IT counters surged on weak Rupee, FIIremained net seller. Indices marked last 13 month low level and thus hope for rate cut from RBIgot washed out. Oyeeee Media got listed on BSE SME and quoted above the offer price, saving aday for SME IPOs. Damodar Ind turned ex-bonus (1 for 4). Due to poor response, Sadbhav Infragot 2.24 times subscription and saved the day for primary market.

With gap up opening on Thursday indices continued surge on short coverings ahead of weekend holidays on account of Gokulashtami. BSE Sensex gained 311.22 points to close at 25764.78and NSE Nifty marked rise of 106.00 points to end the day at 7823.00. FIIs that remained meganet seller for the month of August 15 remained leader for the first week of September 15 too astheir net sell for Aug-Sept marked Rs. 22K plus. Fresh buying at lower levels in select Cement,Realty, Capital Goods, Auto and Power counters helped indices to snap first three session slidingpattern. Positive corporate reports fuelled counters like GE Shipping, Ratnamani Metals, AvantiFeeds, Va Tech, Jet Airways, IRB etc. Deccan Gold turned ex-right. Kushal turned ex-split (5 for1).

After mixed openings tracking weak Asian cues on Friday indices again marked slippery trendswith mega losses for the second session of the week. BE Sensex lost 562.88 points to end the dayat 25201.90 and NSE Nifty followed footsteps with a deficit of 167.95 points to close at 7655.05.According to market reports, few sovereign funds opted for basket selling that played the spoilsport. VEDL, Gail, Tata Steel, Axis Bank, SBI, Glenmark etc lead the doom. All sectoral indiceswere in red. Abbott, VIP Ind turned the star performer in the dull market. CDBT announcing noMAT notices for FIIs for prior 01.04.15 period did not brought relief as FII remained on the sellmode. Universal Autofoundry got listed on BSE SME and managed to close above offer price andthus saved the day for SME IPOs listings. Bonus ratio details from Looks Health waited by themarket men.

Universal Autofoundry got listed on BSE SME. Bonus ratio details from Looks Health waited bythe market men.

Indices marked net weekly LOSS of 1190.48 and 346.90 points in Sensex and Nifty respec-tively on weak global cues and China trouble.

As per market reports, many retail investors and HNIs opted withdrawals of applications fromNavkar Corp, Pennar Engg IPOs before allotment has shocked the primary market operators. Onthe other hand, Prabhat Dairy IPO that got extended till 04.09.15 and also reduced the price bandfrom Rs. 140-147 to Rs. 115-126 got around 75% response till 16.00 hrs on the extended closingday. Most of the bids have come at the revised lower price band. Merchant bankers were tryinghard to sail through with heavy upfront commission offers, said prowlers on the Dalal Street. Thishas really brought the primary market on the cross-roads once again and the reason attributed itnothing else but the aggressive pricing.

Rupee remained range bound around Rs. 66.15 a dollar and ended the week on a weak note ataround Rs.66.45 a dollar. Crude turned volatile. Insufficient monsoon is keeping a tab on thegeneral sentiment for a while. All eyes will be now on inflation data that will be announced in thisweek. As AGM season is round the corner, stock specific mode will be the order of the day. Globaldata will continue to have its impact on general sentiment as usual.

Under the given scenario, BSE Sensex may move in the range of 26750-25250 and NSE Niftybetween 8150-7450.

Vinaditya Trading to consider bonus issue on 07.09.15.Scrip Watch :- Following scrip may be monitored for strategic investment ideas for medium to

long term.Alpine Hsg (BSE Code 526519) :- This realty sector company from Bengaluru has posted net

profit of Rs. 0.51 crore on a turnover of Rs. 5.61 crore for the FY16 Q1 against net profit of Rs. 0.31


crore on a turnover of Rs. 7.04 crore for corresponding previous period. For the fiscal 2014-15 itposted in net profit of Rs. 1.44 crore on a turnover of Rs. 17.70 crore. It has announced bonus inthe ratio of 1 for 1. As on 30.06.15, equity capital of Rs. 6.50 crore is supported by free reserves ofRs. 47 crore plus. Scrip may be considered on cum-bonus basis at declined level for medium tolong term. It currently quotes around Rs. 34 against 52 week High/Low of Rs. 37.50/17.85, FV Rs.10.

Good Luck Steel (BSE Code 530655) :- This government recognized export house has (onconsolidated basis) posted net profit of Rs. 7.22 crore on a turnover of Rs. 277.59 crore for theFY16Q1 For the fiscal 2014-15 it has posted net profit of Rs. 27.88 crore on a turnover of Rs.1101.23 crore. On standalone basis its FY16 Q1 net is up at Rs. 7.63 crore against Rs.6.38 crorefor corresponding previous period. As on 30.06.15, equity capital of Rs. 44.01 crore is supportedby free reserves of Rs. 176 crore plus. Scrip may be considered at declined level for long term. Itcurrently quotes around Rs. 87 against 52 week High/Low of Rs. 117.85/42.00, FV Rs. 2.

KLRF (BSE Code 507598) :- This primarily textile sector company has hived off textile busi-ness and is now engaged in foods and engineering biz. It has posted net profit of Rs. 3.40 crore ona turnover of Rs. 52.68 crore for the FY16 Q1 against net profit of Rs. 0.85 crore on a turnover ofRs. 69.43 crore for corresponding previous period. Thus textile division sale off has boosted bot-tom-line. For the fiscal 2014-15, it has posted net profit of Rs. 1.73 crore on a turnover of Rs.221.94 crore. As on 30.06.15, equity capital of Rs. 5.02 crore is supported by free reserves of Rs.20 crore plus. Scrip may be considered at declined level for medium term investment. It currentlyquotes around Rs. 39.65 against 52 week High/Low of Rs 59.00/22.05, FV Rs. 10.

DISCLAIMER: No financial information whatsoever published anywhere here should be con-strued as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matterpublished here is purely for educational and information purposes only and under no circum-stances should be used for making investment decisions. Readers must consult a qualified finan-cial 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 date along with market perceptions.Author has no holdings or plans to invest in any scrip referred in this article.

(Email: [email protected] )

Financial Financial Financial Financial Financial WWWWWeekleekleekleekleeklyyyyyEvery Wednesday

English & Gujarati Edition Gujarati Edition


Scrip Watch

DLF (Rs. 116.00) (Code : 532868) : DLF Ltd’s plan to raise about Rs.10,000 crore byselling stakes in two residential projects and monetizing its profitable portfolio of rental assetscould well be the turnaround plan investors have been waiting for as India’s most valuable realtyfirm battles both a massive debt pile-up and a slowdown in the real estate sector. Last week, DLFannouned that its subsidiary DLF Home Developers Ltd will raise Rs.1,990 crore from Govern-ment of Singapore Investment Corp. Pte Ltd (GIC), as the two form a joint venture to invest in anddevelop two upcoming residential projects in central Delhi. The projects have a combined devel-opment potential of about 5 million sq. ft. DLF also said its shareholders had approved a proposalby the company to pledge more than 50% of its shares in three of its units to raise as much asRs.7,500 crore, and create third-party rights, at its annual general meeting on 28 August. DLF’snet debt increased by Rs.633 crore to Rs.21,598 crore in the quarter ended 30 June. Of this,Rs.7,598 crore of debt belongs to its development company (that includes residential projects)and the remaining Rs.14,000 crore to its rental portfolio. The stock has seen sharp recovery onThursday which shows the stock is making bottom. Buy.

ICICI Bank (Rs. 258.00) (Code : 532174) : ICICI Bank is going to be the top pick forsome time to come and probably on a valuation comfort as well as the price correction that thestock has seen. Also there are all chances that the performance going forward would improve forICICI Bank. A private bank quoting at almost PSU bank type valuation is indeed a wonderful buy.So, ICICI Bank qualifies as a very good buy. Meanwhile, The RBI has designated ICICI Bank Ltdas Domestic Systemically Important Banks (D-SIBs), meaning their collapse could have a cascad-ing impact on the entire financial system and the economy. ICICI bank's trailing 12-month (TTM)EPS was at Rs 19.80 per share. (Jun, 2015). The stock's price-to-earnings (P/E) ratio was 13.40.The latest book value of the company is Rs 138.50 per share. At current value, the price-to-bookvalue of the company was 1.92. The dividend yield of the company was 1.89 percent.The stock isworth accumulating.

SBI (Rs. 225.00) (Code : 500112) : SBI reported net profit of Rs 3,692 crs up 10.3%yoy in the first quarter of the year 15-16. NII depicted a weak growth of 3.6% and declined by 6.7%owing to a slack in credit growth and drop in margins. Non-interest income grew by 19.7% drivenby healthy fee income and treasury gains. Employee costs were well controlled and grew by 6.1%.Fresh slippages increased to Rs 7,318 crs, up by 53.4% Q-o-Q primarily due to seasonality wit-nessed in the retail book and some stress in SME and mid corporate segments. Asset qualityremained fairly contained during the quarter with gross and net NPA ratios at 4.3% and 2.2%respectively with coverage ratio of 69.5%. While standard restructured assets increased to 4.4%of loans from 4.3% in the previous quarter. Advances depicted a modest growth of 6.8% whiledeposits grew by 13.7%. Better capital position among PSU banks, strong deposit franchise andlower stressed assets are key differentiators for SBI. Currently the stock is trading 1.1x FY17 corebook and 8.2x FY17 core earnings, finding favorable risk reward. Buy. Buy more at decline.


Market TipsStrides Arcolab (Rs. 1151.00) (Code : 532531) : Pharmaceuticals firm Strides Arcolab

has, last week, completed the Rs 1,910-crore acquisition of Aspen Pharmacare's generic pharma-ceutical business and related assets in Australia.The acquisition included access to the productpipeline that was under development by Aspen and a number of major product launches slated forthe next six months. The portfolio of Aspen's 130 products in Australia comprises generic pharma-ceutical business together with certain branded pharmaceutical assets. The acquired productshad sales of 120 million Australian dollars in the fiscal year ended June 2014. The company'strailing 12-month (TTM) EPS was at Rs 92.84 per share as per the quarter ended June 2015. Thestock's price-to-earnings (P/E) ratio was 12.95. The latest book value of the company is Rs 247.28per share. At current value, the price-to-book value of the company is 4.86. Buy.

Wabco (Rs. 6580.00) (Code : 533023) : Wabco India is a market leader with a 85%market share in conventional braking products, advanced braking systems and other related air-assisted products and systems. An auto component company, it posted a set of fantastic numbersfor Q1FY16. On a 19% (YoY) rise in net sales at Rs.364 crore, the company posted a net profit ofRs.47 crore, up 52%. EBITDA was up 38% at Rs.69 crore and margins came in healthier at18.95% v/s 16.39%. Tax out for the quarter showed a 50% jump. On an equity of Rs.9.48 crore,EPS for the quarter was at Rs.25.04 (face value of Rs.5).The company is debt free. Reservestands at a healthy Rs.853 crore. Going ahead, for this market leader, success hinges on twoaspects – firstly an uptick in auto sector which will automatically boost demand. Secondly, itsbiggest trigger would be the successful implementation of compulsory ABS (anti-lock brakingsystem), which has been made mandatory in commercial vehicles, starting 1st April 2015. This initself would give a major spurt in the company’s income in the coming months. Buy.

Idea Cellular (Rs. 150.00) (Code : 532822) : After increasing data tariffs for pre-paid customers in Delhi, Idea Cellular, one of the biggest cellular carrier of the country, has hikedcharges for their post-paid users by around 20 percent in various circles including the nationalcapital. The company has raised data tariffs in Delhi, Punjab and UP West. A couple of monthsback, the top three operators -- Airtel, Idea and Vodafone -- had raised pre-paid data tariffs for 2Gand 3G services in Delhi by up to 47 per cent. Post-paid customers of the operator in the above-mentioned circles will now have to pay Rs 300 for 1GB 3G data, against Rs 250 earlier for thesame amount of data usage.Idea Cellular, an AV Birla group company, provides Global Systemfor Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all22 telecom circles. The promoters holding in the company stood at 42.26% while Institutions andNon-Institutions held 29.16% and 28.58% respectively. The stock is worth accumulating at thislevel.

MindTree (Rs. 1350.00) (Code : 532819) : Mindtree has completed the acquisitionof Relational Solutions Inc., a US based IT solutions provider specialising in technology servicesto the consumer goods industry. In July, the Bangalore-based firm had said it will acquire 100 percent of the equity interest in Relational Solutions in an all-cash transaction for USD 10 million(about Rs 63.5 crore). MindTree reported a healthy Q1 with sequential dollar revenue growth of4.8%, helped by volumes (6.4%) while organic revenue growth (4.2% QoQ) was better than peers.Interestingly, Q2FY16E could likely be even better. Though margins came off sharply led by sea-sonal factors and higher onsite mix related to acquisitions, we believe potential tailwinds fromrupee depreciation could help alleviate some of these concerns while healthy bookings (exhibit 1),strongest in the past five quarters, could help sustain revenue momentum. As the rupee has seenmuch depreciation against the dollar, the company will benefit. The stock has been firm even inmajor correction. It is one of the strong IT bet. Buy.


SMART TIPS

Suprajit Engg (Rs. 134.00) (Code: 532509) :- The shares of this B group listed autoparts equipment maker have face-value of Re. 1. The share touched a high of Rs. 170 and low ofRs. 111 in the last year. Company has a strong business model. TVS Motor holds 7.25% stake. Itthe leader in cable manufacturing and has 65% share in the two-wheeler segment. Its share is25% in four-wheelers. The company is increasing its production capacity by 50% with an invest-ment of Rs. 25 crores. For the June 2015 quarter, it reported net profit of Rs. 12.43 crores onturnover of Rs. 123.40 crores. Promoter holding is 41.84%, FII holding 4.46%, DII holding 1.19%and public holds 41.71%. Company's equity is Rs. 12 crores, net-worth Rs. 230 crores, marketcap Rs. 1624 crores, and share's book-value is Rs. 20. TVS Motor is very interested in this stockand is likely to increase its stake, which would help the stock become an outperformer.

Trident (Rs. 37.00) (Code: 521064) :- The shares of this textile company are listed inthe B group and have face-value of Rs. 10. The share touched a 52-week high of Rs. 49 and lowof Rs. 19. Trident is a leading yarn spinner based out of Punjab. It is also considered the world'slargest manufacturer of terry towels. It is also engaged in paper manufacturing. For 2014-15, itreported turnover of Rs. 3784 crores and net profit of Rs. 118 crores. For June 2015, sales fell 3%to Rs. 874 crores, but net profit jumped 91% to Rs. 61 crores, which was half of the profit of thewhole of last year. EBIDTA grew 8% to Rs. 196 crores, while profit margin rose from 20.22% to22.42%. The stock is trading at a PE multiple of only 11.2, and can be seen above Rs. 50 in theshort to medium term.

Chambal Fertilizer (Rs. 57.00) (Code: 500085) :- The share of this B group listedcompany has face-value of Rs. 10. The share touched a high of Rs. 72 and low of Rs. 54 in theyear gone by. Established in 1985, it is today the country's largest private sector urea producer. Ithas two high-tech urea plants in Rajasthan, and sells its products to farmers in 10 states. Com-pany also has presence in shipping business and in textile business. It reported turnover of Rs.8882 crores and net profit of Rs. 237 crores for 2014-15. For June 2015, it had turnover of Rs.2440 crores, which was up by 22%, and net profit of Rs. 146.32 crores, which went up by 18%.The stock is trading at only 5.74 times the estimated earnings of Rs. 10.71 for the year, while itsrivals are trading at PE multiple of 12 times. The stock is very attractively priced and can deliver 30to 35% returns.

M.T. Educare (Rs. 131.00) (Code: 534312) :- The share of this B group listed com-pany has face-value of Rs. 10. The share touched a high of Rs. 154 and low of Rs. 96. Establishedin 1988, it provides coaching and educational services under the brand name Mahesh Tutorials. Ithas 210 working centres in 136 locations across seven states. It provides services in verticalssuch as school, science, skill development, among others. It provides coaching to 80,000 stu-dents of 9th and 10th standard CBSE, 11th & 12th standard, engineering, medical, MBA, CA, etc.For 2014-15, it reported turnover of Rs. 199 crores, net profit of Rs. 28 crores, and EPS of Rs. 7.For June 2015, it had turnover of Rs. 63 crores, net profit of Rs. 4.21 crores and EPS of Rs. 1.08.Promoter holding in the company is 42.78 crores, DII holding 1.34%, and public holding is 34.05%.As against PE multiple of 44 for its rivals, the company's share is trading at only 16 times itsestimated earnings. The company is expected to perform very well considering the government'sfocus on education sector.


Smart super duper

Finolex Industries (Rs. 262.00) (Code: 500940) :- The stock has been witnessingconsolidation phase for quite some time. The company manufactures pipes and it accounts for25% market share in agriculture sector. The stock prices went up to Rs345 and down to Rs345 inone year. In June quarter the company's income decreased from Rs662.72 crore to Rs633.38crore, while profit increased from Rs50.2 crore to Rs70.26 crore with EPS of Rs5.66. The stock isbeing quoted at attractive valuation on current rate. The company has good track record of payingattractive dividends. The company reduced the credit limit for buyers from 365 days to 90 dayswith a view to decreasing debt and as a result debt to equity ratio has come down to 0.7. It maywitness good movement after consolidation.

RSWM (Rs284.00) (Code: 500350) :- The Bhilwara Group company owns popularbrand like Mayur. The stock prices went up to Rs412 and down to Rs179 during the year. Thecompany's market cap is Rs650 crore. The promoters hold 51.44%, FII hold 8.87% and publichold 39.67% stake in the company. In June quarter the company's income increased from Rs675.86crore to Rs700.80 crore, while profit increased from Rs23.59 crore to Rs28.84 crore with EPS ofRs12.46. It pays good dividend to shareholders. The stock prices were Rs412 in August but it hascome down to around Rs285 now so it is good time to buy the stock with dividend rights.

Majesco (Rs.327.00) (Code: 539289) :- It has recently got demerged from Mastek. Atthe current market rate the company's market cap is Rs758 crore. The promoters hold 50.44%,FIIs hold 9.79%, DIIs hold 6.69% and public hold 33.08% stake in the company. In June quarter,the company witnessed net profit of Rs1.62 crore on income of Rs150.19 crore leading to EPS ofRs0.73. The company's equity is Rs11.41 crore. It provides IT services and consultancy to morethan 140 insurance companies across the globe. It has its presence in USA, Canada, U.K. Malay-sia, Thailand and India. In last three years, the company's insurance business has grown by 22%and P&C business by 36% of annual rate. US accounts for 88% revenue of the company, while6% income comes from U.K.

Jyothy Lab (Rs306.00) (Code: 532926) :- FMCG Company was incorporated in1983 and now it is active in active in fabric care, household insecticide, utensil cleaners, fra-grances, personal care and other segments. The company's brand portfolio include Maxo, Ujala,Supreme, Ujala Washing Powder, Exo Dish Was Bar, Maya, Mexo Aerosel, Stiff and Shine, ExoDish Wash Liquid, and others. The company took over Hencal India before some time, which hasnow brought Henco, Mr. White, Super Check, Margo, Neem, Liquid, Fa and Pril brands under thecompany's brand portfolio. The company's equity is Rs18.10 crore, while reserves stand at Rs565.77crore. In FY 2015, the company's income increased from Rs1318.39 crore to Rs1505.29 crore,while profit has increased from Rs81.43 crore to Rs121.12 crore with EPS of Rs6.69. In Junequarter, the company's income increased from Rs385.48 crore to Rs414.34 crore while profitincreased from Rs42.46 crore to Rs44.58 crore with EPS of Rs2.46. The company paid 300%dividend in FY2014. The company's stock may shine as the FMCG shares are witnessing newbuying trend.


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

Uncertain prevailsThe markets are uncertain world over. The china factor has put world economy on back foot. In

the world over volatility has increased. India is not out of this circle.

After china's PMI data announced, market world over crashed.

In first three days our sensex lost 900 points. Thanks to DOW recovery on Wednesday, werecovered 300 points. But in this month in first four days we have lost over 500 points.

The black Monday of august when we lost 1500 points in index and almost 500 points in nifty-the confidence of traders and investors were shaken. It may take more time for them to return.

Nifty has closed at 8523 level. The first support is at 8500 and second at 7770.the trend belowthis may favor bears. Nifty has to close and cross above 7880 for good up trend.

FIIs are losing confidence in the government after land bill reform put off. One fobes said thatthere company has sold all Indian shares.

There is undue pressure is created by media and finance division on RBI chairman to cut rate.With world economy down and its expected effect, short fall in monsoon to the extent of 12%

plus fall in rupee against dollar, uncertain and volatility in crude price etc how we can force

RBI to cut rate? Over and above we have to keep eye on fed meeting.

In new gas policy, government wants private sector to join in gas business on profit sharingterms. Do you think that Reliance will join? Reliance has resistance at 875 and below which itsgame of

bears,

on Thursday steel and banking shares surged but its gives good opportunity to short for high

net worth people.union,pnb are good candidate.

IDFC has come down drastically to rs.125 one can start value base buying slowly.

On Tuesday when market crashed, finance division accepted p shah recommendations onmat. Sir

mat is not applicable after 1/4/15 and for earlier years due is only rs.600 Cr. FIIs are

selling shares of rs.1 to 2 thousand Cr. now what is rs.600 Cr. to them? This game may notfavor.

Saragama reached upper circuit on Thursday as expected in our last Coolum.

In MCX zinc and lead are not sustaining at higher level. copper has resistance at rs.360.crude

has become highly volatile so avoid is advise.


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

NIFTY (7635) :- For next week nifty has strong support around 7540 level, break withvolume will take it to 7480---7445 level. On the upper side it has strong hurdle at 7720 level, crossover with volume will take it to 7815 levels. As per our view market is now at its bottom. Investorswhose horizon is for long term can start buying from this level. Nifty can give handsome returns inmedium to long term from here.

Bank Nifty (16050) :- For next week BANK NIFTY has strong support around 15800level, break with volume will take it to 15615 level. On the upper side it has strong hurdle at 16310level, cross over with volume will take it to 16625 levels.

Stocks of the week…W H Brady & Co. (501391) (155) :- Last week recommended at Rs.158, in highly

bearish sentiment where nifty crashed from 8000 to 7600 but this stock is trading at Rs.155 levelswhich is clearly indicates that informed investors are one side buyer in this stock.

W. H. Brady & Company Limited designs, manufactures, and markets material handling equip-ment primarily in India. Its products include chain pulley blocks, travelling trolleys, electric wirerope hoists, electric chain hoists, hand pallet trucks, manual chain hoists and trolleys, hydraulicpallet trucks, electric winches, and cranes. The company is also involved in trading mechanicallifting equipment, high precision textile machinery and auxiliaries, metals, and specialized trans-portation equipment. In addition, it offers marketing and sales promotion services, logistics man-agement, installation, testing, and commissioning, and after sales services; and provides liasoningwith government and quasi-government agencies, manages customer databases, gathers marketintelligence, supports engineering and supporting software services, manages and executesprojects, and offers tax advisory services, as well as operates, maintains, and manages electro-mechanical services at the airport. Further, the company provides property facilities managementservices, including building management and maintenance services, people services, and busi-ness services. The company serves various industries, such as steel, chemicals, cement, power,textiles, metals, minerals, etc. It sells its products through dealers and distributors. The companywas founded in 1895 and is based in Mumbai, India.

It has an equity base of just Rs.2.55 crore that is supported by reserves of around Rs.12.59crore. It has a share book value of Rs.70.88.

The Promoters hold 73.76% while the investing public holds 26.09% stake in the company.For Q1FY16, sales have remains flat to Rs.5.02crore. Despite of flat topline & rise in income

tax, PAT has jumped by 24.56% to Rs.0.71crore. Q1FY16 EPS stood at Rs.2.77. The scrip istrading at P/E multiple of 14.5. It has declares 10% dividend for FY15 & declares E-dividend datefrom 18th September 2015.

Investors can buy this stock with a stop loss of Rs.140. On the upper side, it will zoom toRs.190-195 levels in the medium term while stock may zoom up to Rs.235-250 in the long term. Itsall-time high rate is Rs.235……

Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentionedabove. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned inwebsite. 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 responsi-bility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.


NIKHIL BHATT(+919979380808)

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

PERIOD : 7-8-2015 to 11-9-2015

Nifty F&O Range @ 7530 to 7909 point in short termDear Friends,NIFTY FO @ 7640 AS ON 04.09.2015..!! NIFTY FO has resistance at 7690 - 7709 Level; above

which other resistance levels are at 7719 - 7730 Level with highly Volatile Trend, In Downsidesupport levels are at 7609 - 7575 Level; below 7575 Level, other support levels are at 7560 - 7530Levels. I am positive for next week above 7730 Level but be with the trend. Let the market decidefurther moves. As we are saying from many days Buying is suggested in falls only...and it's still abetter strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remaincautious now...!!

If NIFTY crosses 7730 Level, again then the upper side target is quite high and it may touch7909 Level in short term...!!!

Golden Stocks for the Period : 7-9-2015 to 11-9-20151. JSW Steel (898) : It is suggested to buy @ Rs 888 with SL of Rs 873 for the target of Rs

919 - 930; below Rs 873 it can fall up to RS 864 - 850 levels. If it crosses Rs 933 level than expectnonstop rally up to Rs 949...!!

2. Sun Pharma (865) : Operator based Game start in this stock, Buy @ Rs 858 With SL ofRs 848 for the target of Rs 881 - 903 level below Rs 848 it can show further downfall up to Rs 828…!!!

3. Tulip Star (63) : Buy delivery of this stock near @ Rs 60 with SL of Rs 56 for the targetof Rs 77 - 83 level. It is very good for medium term position also…!!!

4. Binny (120) : This stock is looking very good to buy @ Rs 116 with SL of Rs 111 for thetarget of Rs 134 - 141 Levels below Rs 111 is stock shall witness free fall…!!!

5. CIPLA (650) : Buy @ Rs 636 levels considering minor support of Rs 626 and stop lossof Rs 619 for an upper target of Rs 664 - 674 levels. Below Rs 619 it can slip up to RS 609 - 603levels…!!!

6. SAYAJI HOTEL (166) : Operator based buying has been there in this stock. Buy @ Rs160 with SL of Rs 153 for the target of Rs 176 - 189 levels it is very good for long term positionalso…!!!

7. Rel. Capital (300) : Trading point of view BUY @ Rs 296 With SL of Rs 283 for thetarget of Rs 319 - 333 level below Rs 283 It can show further downfall up to Rs 273 …..!!!

8. MOHIT IND (43) : Buy delivery of this stock near @ Rs 40 with SL Rs 36 for the target ofRs 49 - 55 level. It's very good for long term position also…!!!

9. Bombay Dying (58) : For medium term buying is suggested @ Rs 55 with SL Rs 51 forthe target of Rs 66 - 74 level. Below Rs 51 it can show further downfall…!!!

10. Reliance Ind. (858) : It is suggested to SELL with SL Rs 868 for the target of Rs 818- 808 below @ Rs 808 it can slip up to Rs 793 - 780 level. Above Rs 868 level will take the stockto Rs 873 - 8883…!!!


Primary Market - Dilip K. Shah

Primary market got punctures as Indian indexes plunges 8% in a weekAt one point of time the market witnessed 5 IPOs at a time, but now flood resides

Syngene and Power Mech IPOs got 30 times subscription but now IPOs struggle to get 1 time subscriptionNavkar Corp, Shree Pushkar, Pennar Engg and Sadbhav Infra managed to sail through

This week all eyes on listing of Navkar Corp, ShreePushkar and Pennar Engg.

Prabhat Dairy's IPO got poor response leading to bringdown offer price and extend subscription deadline

This week only on BSE-SME IPO:P.B. Films will close on September 7 with flat rate

How and when will be Sadbhav Infra and Prabhat Dairy's IPO refund-allotment and listing?

Listing Information ofOyeeee MediaBSE SME IPO

Code 539310Listing Date 2-9-2015Offer Price Rs. 40.00Listing Price 45.00Listing Day High 47.25Listing Day Low 45.00Listing Day Close 45.00CMP (3-9-2015) 47.25

The Indian share markets have plunged 8% within a week on Chinese clues. The secondarymarket situation has also affected the primary market. The primary market is in critical modeafter witnessing bullish trend.

After Black Monday, the Power Mech IPO Projects got listed at discounted rates affectingNavkar Corp, Shree Pushkar Chemicals, Pennar Engineered IPOs, which had to managethings to sail through. Prabhat Dairy has to extend deadline and lower the offer rates to attractinvestors. Sadbhav Infra also faced troubleds in attracting investors.

It is believed that more than 15 companies have obtained SEBI nod for coming up with IPOsbut promoters and merchant bankers are not ready to take risk. Moreover, PSU disinvestmenthas also been put on hold by the government.

Last week two mainline IPOs - Prabhat Dairy and Sadbhav Infra and two SME issues -H.K. Trade International Ltd and P.B. Films were in the market. Analysis of all four IPOs wasgiven last week.

Last week's IPOs :- Subscription for all four IPOs have closed.

* Prabhat Dairy :- The issue that opened on August 28 and wasscheduled to close on September 1 got only 28% subscription includ-ing 0.37% in QIB, 0.0 % in HNI and 0.26 % in retail categories. As aresult the promoters have been forced to extend the subscriptiondeadline to September 4 and also lower offer rates from Rs140-147to Rs115-126. Moreover, 5% discount is also offered to retail inves-tors. The issue size had come down to Rs485 crore from Rs516 crore.

Subscription :- The issue got overall 42% subscription including


No.Shares SubscribedOffered/ 28-8-15 31-8-15 1-9-15 2-9-15 3-9-15 4-9-15Reserved

QIBs 2,06,03,987 0.29 0.37 0.37 0.56 0.66HNI 61,81,197 0.00 0.00 0.00 0.00 0.00Retail 1,44,22,792 0.01 0.05 0.26 0.23 0.25Total 4,12,07,976 0.15 0.20 0.28 0.36 0.42

Prabhat Dairy IPO SubscribedPrabhat Dairy IPO SubscribedPrabhat Dairy IPO SubscribedPrabhat Dairy IPO SubscribedPrabhat Dairy IPO Subscribed

* Prabhat Dairy IPO had extend to 4th September 2015from 1st September 2015 * Price Band has been revised fromRs. 140-147 to Rs. 115 – 126 (Per share)

No.Shares SubscribedOffered/ 31-8-15 1-9-15 2-9-15Reserved

QIBs 14465730 0.00 0.07 3.04HNI 6970728 0.42 0.45 1.66Retail 4647152 0.09 0.33 1.68Employee 2500000 0.01 0.05 0.29Total 28583610 0.12 0.20 2.24No. of Application : 44, 239 (Approx)

Subscription Figure of Sadbhav Infra

IPOs Name Offer Price Premium

(Rs.) (Rs.)

Navkar Corp. 147 to 155 3 to 4

Shree Pushkar 61 to 65 1.5 to 2

Pennar Engg. 170 to 178 Discount

Prabhat Dairy 115 to 126 --

Sadbhav Infra 100 to 103 2.50 to 3

Gray Markets Premium

Don't subscribe IPO only on the basis ofGrey premium. Before Investing check the

fundamentals of IPO

BSE SME IPO

Pricy Bet

Sr Company Open Dt. Issue size Offer price Minimum Applications Rating RemarkClose Dt. (Rs. Cr.) (Rs.) %

1. P. B. Films 1-9-2015 50,00,000 Eq. Rs. 10 Minimum Application Size of

7-9-2015 (Rs. 5 Cr.) 10,000 Eq. Shares (Rs. 1,44,000)34 %

0.66% in QIB, 0.0 % in HNI and 0.25 % in retail categories as on September 3.Discovery price :- Discovery price could be at floor price leading to cost of Rs110 for retail

investors. In case it is fixed at higher side then it will be Rs116 crore retail investors afterdeducting discount.

Refund/allotment :- Refund/allotment may take place on 17/18. Full and firm allotmentexpected in retail segment.

Listing :- It may get listed on September 21/22. Taking into consideration lowered priceband, the stock may get listed at premium rates on good market day. Listing date could bechanged taking into consideration Janmashtami on September 5 and Ganesh Chaturthi onSeptember 17.

* Sadbhav Infra :- The IPO got only 20% subscription in first two days but got full subscrip-tion on last day and sailed through. The issue opened on August 31 and closed on September2.

Subscription :- It got 2.24 times subscription including 3.04 times in QIB, 1.66 times in HNI,1.68 times in retail and 0.29 times in employee quota.

Discovery price :- Except for Employees quota, the issue got good response in all othercategories. The discovery price could be at upper price band of Rs103.

Refund/allotment :- The refund/allotment could be on September 14. As the response was


Gray Market MovementGrey Market in shock after tsunami in secondary market

IPOs with high premium witness heavy discountsPlayers dealing in application interests and premiums

vanish from marketMajor shock in offing as deals of Rs100 stuck

The secondary market plunged on Chinese clues and it echoed in the grey market as well.The applicants of Navkar Corp are rushing to banks for stop payment following discounted listingof Power Mech IPO. The grey market is anxious and scared due to plunging secondary market.The investors are keeping distance and grey market players are planning to sellout shares evenbefore discounts as they fear huge losses, but there are no buyers.

* Navkar Corp :- The premium rates have crumbled to discount of ¾ after reaching height of30. It may get listed on premium on listing day.

* Shree Pushkar Chem and Fert :- the premiums have come down to AT PAR from premiumof 8/9 last week.

* Pennar Engineered :- The IPO got one time subscription to sail through so the premiumstouched 18/20 at one point of time but now it has got discounted as grey market players are outto sell the stock.

* Prabhat Dairy :- The poor response lead to panic in grey market and no deals are taking inthe stock.

* Sadbhav Infra :- The issue premium touched Rs10/12 on closing day but now premium hasbeen washed away and it is traded at 2.50/3 level. No major deals are taking place.

Due Grey market volatility in Ahmedabad, major players have vanished from the market,while players dealing in application interest rates are in mood to cancel deals. As a result, dealsworth Rs100/125 crore are stuck in the market. If the deals don't go through, it will have hugeimpact on primary market.

poor in employees' quota shares could be transferred to retail quota. So out of seven retailapplicants, five applicants or out of five applicants three applicants may get 145 shares.

Listing :- It may get listed on September 16-18 around Rs110-115. However, the datecould be postponed to September 18 because of Ganesh Chaturthi on September 17.

* This week's IPOs :- this week only one SME IPO that of P.B.Films is in the market. Theissue with offer price of Rs10 opened on September 1 and will close on September 7. Thecompany aims to raise Rs5 crore through offering 60 lakh equity shares. Detailed analysis ofthe IPO was published last week.

* This week's Listing :- this week NavkarCrop may get listed on September 9/10, ShreePushkar Chem and Pennar Engg may get listed on September 10/11.

IPO market future depends on listing of these three companies.


MRSS tops as rewarding listed SMEMajestic Research Services & Solutions Ltd (MRSS) was founded in 1992, is today Asia's

largest full service market research firm. MMRSS is a member of ESOMAR, QRCA, and MRA andoffers a wide range of Qualitative and Quantitative Research Services across the globe. It servessectors like FMCG, Automobile, IT, Pharma & Healthcare, Telecom, Banking, Aviation, Media etc.

MRSS went public for SME listing on 30.06.15 with its maiden IPO of Rs. 1.43 crore offering1120000 equity share at Rs. 12.75 per share got listed on 16.07.15 at Rs. 14. Proceeds of the IPOare being used for procurement of new technology, working capital and general corpus funds.Issue was lead managed by Pantomath Capital Advisors (P) Ltd.

For the fiscal 2014-15 the company posted net profit of Rs. 0.53 crore on a turnover of Rs. 5.51crore compared to net profit of Rs. 0.13 crore on a turnover of Rs. 2.26 crore for correspondingprevious year. Its paid up equity capital of RS. 3.00 crore as on 31.03.15 stands enhanced to Rs.4.12 crore post IPO.

The company did well on following sessions post listing to mark a new all time high of Rs. 47.90on 24.08.15 giving an average return of around 275% on the offer price in just one and half monthof listing. Currently it quotes around Rs. 34.30 in depressed market.

The company's esteemed client list includes companies like HUL, Raymond, Nissan, NSDL,Hero Motocorp, Kelloggs, Maruti, Pfizer, HDFC Bank, CRISIL, Yamaha, Syngenta, Marico,Panasonic, Wockhardts, Cipla, Vodafone, UltraTech, Snapdeal, Birla Sun Life to name a few.

MRSS's vision is to be the largest market research company in India by the end of the decadeand has a mission to be the most respected Independent Market Research organization in India.It is Asia's largest Independent Full Service Market Research firm with office presence in countrieslike China, Taiwan, Hongkong, Singapore, Thailand, Vietnam, UAE, Philippines & Indonesia.


Smart Best Buy S. N. Zaveri

Britannia Industries becoming larger and largerAdvanta : When market falls, the stock rises

Sun Pharma completes Glaxo’s Opiates business acquisitionCoal India looks attractive after steep correction

Cummins India : Fundamentally very strong counter

Britannia Industries (Rs. 2986.00) (Code : 500825) : Britannia Industries, whichscaled to its all-time high of Rs 3,435 a share a fortnight ago, has corrected to Rs 3,000 levels. TheStreet is bullish on the company; analysts at Sharekhan and IIFL have given price targets of Rs3,650-3,960. Among key reasons for the bullishness is the firm’s ability to post industry-beatinggrowth and identify new opportunities.Britannia’s strong performance is seen sustaining. Amongthe reasons is its direct reach increased to one million outlets from 730,000 at end of March 2015,which will be scaled up further to 1.25 million outlets by FY16. Unlike many of its peers, Britanniastill derives 60 per cent of sales from urban areas. Britannia is gearing up to get a strong footholdin the super-premium biscuits space where competition is minimal. Britannia is also striving toexpand to other categories like dairy (market size Rs 75,000 crore) and adjacent snacking catego-ries (Rs 30,000 crore).” This should help it grow ahead of industry. Invest.

Advanta (Rs. 557.00) (Code : 532840) :Advanta is one of the first Indian multina-tional seed company with global footprint. It has a strong presence in the domestic & Internationalmarket who has been steadily investing in research, development and technology. It has unique,superior & proprietary germplasm and intellectual properties which give it a robust platform for thegrowth Advanta has leadership position in crops like Sunflower, Rice, Corn, Mustard, Cotton,Vegetables etc.Advanta utilises with the Molecular Marker Technology in some crops, while build-ing up value added biotech traits through seeds. A cash rich company with the ability to investinthe future, Advanta with it's strong network of technology collaborations is a preferred partner forthe technolgy providers. Advanta is now embarking upon a very aggressive growth strategy. Whileorganic growth will be a key factor in this, strategic acquitions will play a crucial role in achievingour objectives set for the next five years.Parent promoter company UPL is holding more than 50per cent stake in Advanta. While the overall market has fallen in last three months , this stock hasjumped almost 40 per cent in last three months which shows its real strength. Buy at every de-cline.

Sun Pharma (Rs. 858.00) (Code : 524715) : Industries has completed the acquisi-tion of GlaxoSmithKline's opiates business in Australia.This acquisition fortifies the company'sposition with two opiates manufacturing facilities in Port Fairy and Latrobe (both in Australia)complementing its API manufacturing footprint globally. Meanwhile, CLSA is of the view that SunPharma will see 40 percent EBITDA growth for FY17 year on year. Growth Contributors: Indiasales grow in mid-teens, Core US sales accelerate, Resolution of US FDA issues at Halol, Ge-neric Gleevec in US contributes with high margins. The stock has seen sharp correction.Howver,now, it shows some kind of consolidation. Accumulate.

Coal India (Rs. 347.00) (Code : 533278) : State-owned Coal India recorded anoutput of 36.21 million tonnes (MT) in August, missing the target by 3.82 percent. The company'sproduction target for August was 37.65 million tonnes, Coal India (CIL) said in a regulatory filing.The government has set an ambitious one billion tonnes coal production target for Coal India by


2020. CIL's achieved an output of 192.37 MT in the first five months of the current fiscal, missingits target of 196.73 million tonnes. Coal India's output target for the current fiscal is 550 milliontonnes. Coal India missed the production target for the financial year 2014-15 by 3 percent record-ing an output of 494.23 million tonnes. The stock had scaled a record high of Rs 447.25 on 5August 2015. The stock had hit a 52-week low of Rs 331.60 on 13 October 2014 and now it is veryclose to its 52 week low. There has been seen bargain hunting in this stock. It looks attractive aftersteep correction. Buy.

Cummins India (Rs. 1067.00) (Code : 500480) : Cummins India has correctedwith an overall market correction. However, it has still remained above Rs.1000 level. CumminsIndia posted a marginal decline of 0.59% in its net profit to Rs 210.73 crore during the quarterended June 30, 2015 against Rs 212 crore posted over the same period last year.However,company's total income has grown up 25.75% to Rs 1,314.31 crore during the quarter as com-pared to Rs 1,045.14 crore in the same period last year. Cummins has no long term or short termdebt, thus there is no interest burden. Power Generation business grew 23 percent over theprevious quarter as company improved market share. The Industrial business was flat quarter onquarter, but has grown 22 percent based on improving government led infrastructure investments.The Company has recorded strong growth in export revenues particularly for low kVA generators.Domestic sales grew 17% as compared to the same period last year and 14% compared to theprior quarter. Exports increased 36% as compared to the same period last year and 16% com-pared to the prior quarter.Cummins is one of the fundamentally very strong counter. Accumulateat every decline.

BUY.... BUY....BUYCo. Name Code PriceHCL Info 500179 33.00Suprajit Engg. 532509 135.00Tata Metaliks 513434 92.00Sterlite Techno 532374 76.00Brigade Enter. 532929 132.00Electro Therm 526608 33.85Shivvani Oil 522175 6.48Adani Ports 532921 339.00Jindal Drilling 511034 148.00UPL 512070 529.00Jyothy Lab. 532926 320.00Finolex Ind. 500940 26.00RSWM 500350 284.00

TIPS OF THE WEEK

Co. Name Code PriceJet Air. 532617 311.00Advanta 532840 558.00Cyient 532175 587.00Hester Bio 524669 587.00Alembic Ph. 533573 677.00TCS 532540 2549.00CIPLA 500087 649.00Avanti Feeds 512575 2705.00Sun Pharma 524715 858.00Ambuja Cement 500425 212.00Britannia 500825 2981.00TTK Prestige 517506 3953.00Wabco India 533023 6669.00


Dalal Street Whispers

Avanti Feeds (Rs. 2678.00) (Code: 512573) :- The board of the company is meet-ing on September 12 to decide on stock split proposal. Some major activity can be seen in thestock in the coming days.

DLF (Rs. 120.00) (Code: 532868) :- DLF's subsidiary DLF Home Developers hassigned a joint venture agreement with Singapore's sovereign wealth fund GIC. As per the agree-ment, the fund will invest nearly Rs. 2,000 crores in two DLF projects in Delhi. Positive impact ofthis plan is likely on the stock.

Jet Airways (Rs. 325.00) (Code: 532617) :- This leading aviation company is on themarket radar after the 11% reduction in ATF price. ATF prices have come down by 35% with this.Jet Airways has also finalised a merger with its loss-making subsidiary JetLite. Jet had acquiredSahara Airlines for Rs. 1450 crores in 2007 and had renamed it JetLite. The share can be seensoaring high in the coming days.

SRF (Rs. 1154.00) (Code: 503806) :- A well known north India-based broker is verybullish on this stock. In his opinion, as a result of the sharp reduction in commodity prices, the EPSfor the June quarter would be around Rs. 20. The stock can be seen crossing Rs. 1200 levels inanticipation of good performance in coming three quarters.

BEL (Rs. 3301.00) (Code: 500049) :- The central government holds 75% stake inBharat Electricals Limited, which makes defence equipment, e-governance and homeland secu-rity products. Analysts are shortly meeting at Bengaluru with regards to the company's growthplans. The company has net profit of Rs. 1200 crores on turnover of Rs. 7100 crores, and EPS ofRs. 150 on equity of Rs. 80 crores. The company has announced a bonus of two shares for everyone held. The stock can be seen touching Rs. 3500 soon.

DHFL (Rs. 447.00) (Code: 511072) :- The share of Dewan Housing Finance Limited isgoing ex-bonus on September 9. For financial year 2016, the EPS is expected at Rs. 50, whichmeans that the stock is trading at a PE multiple of 9 post-bonus. Experts say that the stock cantouch Rs. 500 in the coming months.

Ambuja Cement (Rs. 218.00) (Code: 500425) :- Leading foreign brokerage houseNomura has upgraded rating for the stock from 'neutral' to 'buy', which is leading to movement inthe stock.

e-Clerx (Rs. 1750.00) (Code: 532927) :- The company's board is meeting on Sep-tember 11. An announcement regarding merger of a subsidiary is expected in the board meeting.

ACC (Rs. 1395.00) (Code: 500410) :- There is a lot of buying in the last two days. Withmonsoon coming to an end, it is believed that demand for cement will pick up from constructionand infrastructure sectors. The company has also hiked cement prices by Rs. 20 per bag.

Ratnamani Metals (Rs. 613.00) (Code: 520111) :- The stock has jumped after thecompany bagged a Rs. 525 crores order from L & T. Promoter holding in the company is 60%. FIIshave increased their stake to 12.5%.

Atul Auto (Rs. 426.00) (Code: 531795) :- Some institutional investors are highlybullish on this Rajkot-based auto sector company. The trading volumes in the stock have shot upin recent times. A leading broking house, which has presence in both retail and insurance seg-ments, is marketing this stock.


High Risk High Return Shares

Ruby Mills (Rs. 403.00) (Code: 503169) :- The board of this company, which wasengaged in textile business earlier, has recently announced a generous bonus issue in theratio of 1:1. The company's equity will go up to Rs. 8.36 crore because of this. The stock willbe in focus in the coming days.

Mastek (Rs. 170.00) (Code: 523704) :- The share of this IT company is northwardbound. Itis believed that some high net-worth investors are taking a lot of interest in thestock, and many have taken long positions. The delivery-based trading volumes in thestock have also gone up.

HCL Info (Rs. 36.00) (Code: 500179) :- Reports from Mumbai suggest that someleading players and fund houses are aggressively buying this share after the correction inthe last quarter.

Suven Life (Rs. 217.00) (Code: 530239) :- The company has a strong businessmodel. In the recent big correction in the stake, promoters increased their stake by 1.62%.There is likelihood of re-rating in the stock.

Aptech (Rs. 63.00) (Code: 532475) :- The delivery-based trades in the counterhave gone up. Promoter holding is 46% of which 42% is held by Rakesh Jhunjhunwala.There is possibility of him further increasing his stake.

Nalco (Rs. 33.00) (Code: 532234) :- This is a zero-debt company and is resultsare improving quarter-on-quarter. People in the know of the developments in the companyare recommending a buy in the stock.

Vascon Engg. (Rs. 23.00) (Code: 533156) :- The company has recently raisedRs. 1,000 crores through a rights issue and would use the funds to pare its debt. Its orderbook stands at Rs. 1,000 crores. The stock can be seen outperforming in the coming quar-ter.

Gujarat Pipavav (Rs. 180.00) (Code: 533248) :- The stock is again on the buy-ing list of HNIs and it is seen crossing Rs. 200 soon. FII holding in this debt-free company is38%. Promoter holding is 43%, while DIIs hold 12%. HNIs hold 7% stake in the company,which leaves only 3% for retail investors. The low liquidity could push the stock higher inquick time.

Inox Leisure (Rs. 231.00) (Code: 532706) :- This company has finalised sixscreens in Ahmedabad and Rajkot, which has put it on the market radar.

Jindal Drilling (Rs. 159.00) (Code: 511034) :- The union cabinet has recentlyapproved auction of 69 oil & gas blocks. The company is likely to benefit the most out of thisdecision.


Astromoneyguru says Lt Col Ajay09414056705, 9887056704

As per Col Ajay Ceowww.astromoneyguru.comsecond week of September 2015 is rep-resented by planet known as Ketu while year 2015 is represented by planet knows asSaturn.

Our advance prediction on stock and commodities once again proved correct. Down-ward move Indian stock market was seen during first half while second half of the previousweek shown recovery in global and Indian stock market. Hope readers must have enjoyedbig profit base on financial astrology base trading

Now second week of September 2015 will be most important point for global capital andeconomy market.

During the week Sun and moon will make conjunctionin Fire sign and on 13th September2015 Lunar eclipse will take place. This is unique combination for globaleconomy.

I have written well in advance in my book Ajay market theory 2015-16 pages no 67 aboutthis economic crisis. My interview on Zee business TV channel about this crisis also on 3rdSeptember 2015 on same issue.

I shall quote what I have written in my book Ajay market theory about blood moon andseven year economic cycle

Blood Moons &the Seven Year Cycle of Economic CrashesCan you imagine in our lifetime of EVER seeing 4 consecutive Total Lunar Eclipses in

one sequence, called a TETRAD, and 4 Solar Eclipses occurring in a span of 17 ½ months?That's 1 eclipse every 65 days.

That is RARE. NASA, the National Aeronautical Space Administration which is com-prised of the most brilliantphysicists and astronomers in the world, has preciselyandaccurately documented on their websites every Lunar andSolar Eclipse from 3,000 BCto 3,000 AD.

A Lunar Eclipse occurs when the moon passes behind the earth and blots out the sun'srays from striking the moon directly, thereby giving it a "blood red" color, also called aBLOOD MOON. A Solar Eclipse occurs when the moon

Passes between the sun and the earth, thereby darkening the Sun.These coming BLOOD MOONS begin April 15, 2014 and end Sept. 28, 2015.NASA also tells us that the "fullest" view of this first BLOOD MOON will be seen across

North and South America, Australia, and Pacifica at exactly 3:47 AMEastern Standard Time the night of April 15, 2014. This date will be easy to remember,

its IRS tax day.Now, even more RARE is the fact that the coming BLOOD MOONS will be occurring

exactly to the day on 2 of the most special Holy Holidays (Feasts) of the Lord as describedin Leviticus 23:2.

Those being 2 consecutive Feasts of Passover and 2 consecutive Feasts of Tabernacles.The Feast of Passover marks the day when the Lord supernaturally enables the Exodus

Economic Crashes is just head ?


from Egypt of all the enslaved Jewish people and their leader Moses, some 3,500 yearsago.

The Feast of Tabernacles welcomes the Glory of God's protection and the coming of hispresence to all Jews and Gentiles alike.

I will focus only on financial aspect in this book. Otherwise during this period Increase ofgeo-political tensions, Flood, earth quake, disturbances on borders of different countriesmay increase.

Ihave observed a pattern of economic crashes occurring approximately every seven toeight years , Just recall the Great Depression- the Great Depression, the Arab Oil Em-bargo, the S&L crisis, Black Monday, the 1994 Bond Massacre, the 2001 NASDAQ crash,and the 2008 Financial Collapse- each financial crisis has occurred following a 7 year cycle

Now big question Mark Are we on the verge of a major economic crash based on thisseven year cycle of economic crashes? There is an additional element to this cycle whichmakes it even more extraordinary- This seven year cycle also lines up with the seven & 49year cycles of land rest &jubilee debt forgiveness that God commanded the Israelites.

If this cycle holds up once again in 2015, investors may be in for the worst market of theirlifetimes those who enter in to Stock market after 2008 crash

Blood moonLarge numbers of people believe that an economiccrash is coming next year based on a

seven year cycle ofeconomic crashes that goes all the way back to the GreatDepression.WhatI am about to share with you is very controversial.

Some of you will love it, and some of you will think that it isutter rubbish.But there is an economic cycle is expected to start may bring bad news for US economy.

I am worried for US dollar may suffer within 3 years' time period. Impact may be seen inglobal capital (stock) market.

I am more worried for US Bonds repaymentstructure is also create question mark.Now whole world will look forward some other alternate for safe investment other than USdollar Bonds.

And if this cycle holds up once again in 2015, it may bereally bad news for the U.S.economy.Looking back, the most recent financial crisis that weexperienced was back in2008. Lehman Brotherscollapsed, the stock market crashed and we were plungedinto theworst recession that we have experienced as anation since the Great Depression.

Just recall Lehman brother's stock price were touchingsky high and all time high thensudden crash and collapsedworld fourth largest Funds

You can see what happened to the Dow Jones IndustrialAverage below…The Dow - 1999 tothe PresentPrior to that, the last time that the stock marketExperienced a major decline of that nature was during thebursting of the dotcom bubble

seven years earlier.2001 was a year of recession for the U.S. economy andof big trouble for stocks. And oh

yeah, a little event knownas "9/11? Happened that year.Seven years before that, in 1994, investors experiencedthe worst bond market of their

lifetimes.The following is how Reuters recalls the carnage…The 1994 bond market massacre is

remembered withhorror by those who lived through it.Yields on 30-year Treasuries jumped some 200 basispoints in the first nine months of the


year, hammeringinvestors and financial firms, not to mention thrustingMexico into crisisand bankrupting Orange County.

Going back another seven years brings us to 1987.Anyone that lived through that eraremembers "BlackMonday" and the horrible stock market crash very well.

The next major economic crash prior to 1987 was in theEarly 1980s.In 1980, the S&L crisis was blooming and everyoneWas talking about the "stagflation" that we wereexperiencing under Jimmy Carter.The Federal Reserve raised interest rates dramaticallyto combat inflation, and this helped

precipitate the verydeep recession that we experienced early in RonaldReagan's firstterm.You can read much more about the "early 1980s

Recession" right here.Seven years prior to 1980 brings us to1973.To many young investors, that year does not have anysignificance, but older

Investorsremember the Arab oilembargo and the super long lines at the gas pumps reallywell.In addition, a recession began in 1973 which ended upstretching all the way until 1975.

And those that havestudied these things say that the pattern keeps going backall the way tothe Great Depression.

Many correctly point out that the stock market crashwhich began the Great Depressionwas in 1929, butactually the worst year for the stock market during theGreat Depressionwas in 1931. And 1931 fits perfectly intothe cycle.

So we have this pattern of economic crashesoccurring approximately every sevenyears.But there is an additional element to this cycle whichmakes it even more extraordi-nary.

That date also corresponded with the 29th of Elul on theJewish calendar - the day rightbefore Rosh Hashanah.

Will the pattern hold up in 2015?Well, the 29th of Elul falls on a Sunday in 2015, sothestock market will be closed. But it is very interesting tonote that there will be a solareclipse on that day.

It is observed solar eclipses in the past have proceededMajor financial disasters…In 1931, a solar eclipse took place on Sept. 12 - the endOf a "Shemitah" year. Eight days later, England abandonedthe gold standard, setting off

market crashes and bankfailures around the world.It also ushered in the greatest month-long stock marketpercentage crash in Wall Street

history.In 1987, a solar eclipse took place Sept. 23 - again theend of a "Shemitah" year. Less

than 30 days later came "Black Monday" the greatest percentage crash in WallStreet his-tory.

Will doom and gloom on Sept. 13, 2015? Plus minus 10-15 days I strongly advise toreaders to keep away from market and hold cash for bottom fishing at lower price levels.

As per Astro economics September 2015 may be theworst for the global economy plus -minus one month timeperiod.

What will it bring this time? Again, as before, thephenomenon does not have to manifestat the nextconvergence.

But, at the same time, and again, it is wise to take note that September 2015 is expectedto positive for south west monsoon


Senior AstrologerDharmesh JoshiMob. : 9909941816

E-mail :[email protected]

Sensex Predictions : Dt. 7th September to 11th September" 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.07-09-2015, Monday :- " Today, the Moon is in the Ardra constellation. You may experi-

ence delusions, while trading in the stock market. Be careful, thus! " During 9:15 to 10:11, Niftyshall maintain its opening surface. " Between 10:11 to 13:13, Nifty may witness a soft to negativetrend. This implies that you shall manage to earn a plenty of money by doing jobbing, during thistime slot. " From 13:13 till to the closing bell of the trading day, the overall view at Nifty shallremain positive. Hence, you should plan and deal accordingly.

08-09-2015, Tuesday :- " The Moon will be in Punarvasu constellation today, which shouldprove to be auspicious. " Friends, we hope that you must have gained, thanks to our predictionsthat are being sent to you regularly. " Ganesha has been advising you since 31st October 2009that you should also prepare your portfolio with a long term view for the financial year 2017-18. "From opening till the next 4 hours, you must frequently buy-sell Nifty stocks on both the sides, andavoid taking a long or short position during this time slot. " Between 13:15 to 14:30, Nifty shallexperience an upward trend. " At around 14:30, there may be a small correction at Nifty. " From14:50 to 15:30, Nifty may regain its original trend, but overall this period may be boring.

09-09-2015, Wednesday :- " The combination of the Moon-Mars-Rahu getting formedtoday is favourable for Intraday. " From 21-02-2016 to 18-09-2016, Mars will be transiting betweenLibra and Scorpio Signs. " This way, the planet Mars that generally stays in a Sign for 45 days onlywill spend about 7 months alternating between only two Zodiac Signs - by being moving direct andretrograde and then direct again. This unusual planetary movement can be expected to bringchallenges for individual Horoscopes, basis the planetary placements therein. Plan for these months,thus, in advance, and get your Horoscope checked. " Today, Ganesha advises you to do Intradaytrading, only as per your delivery capacity. " At around 9:45, short sell at Nifty, and later buy Niftystocks at around 10:30. " Again short sell Nifty stocks at around 12:00, and then buy Nifty stocksat around 13:15. " You may buy Nifty stocks at around 13:20, and plan to exit on making a smallprofit.

10-09-2015, Thursday :- " As the three planets Moon, Mars and Venus are in Ashleshaconstellation today, they will tend to nullify each other's strength. " Given the planetary configura-tions, Ganesha feels that today you may face some big or small difficulties, even while doing yourroutine work and dealing in the stock market. " During 9:15 to 10:00, Nifty shall be up. " The timeslot between 10:00 to 13:00 looks set to be a high risk-high gain period. Hence, Ganesha advisesyou to do Intraday, as you shall gain by trading on both the sides. " From 13:00 to 15:30, Nifty maypass time within a nano range. Thus, you may be able to trade only with a small margin, and may,thus, not manage to even earn back the commission amount.

11-09-2015, Friday :- " Today the Moon is in the Magha constellation. Hence, the overallview at Nifty may be somewhat mixed. " Divide the time between 9:15 to 11:15 in two clear parts.Nifty shall go up in the first half part, and it may go down in the second part. " Astrologicallyspeaking, Nifty shall move up during 11:15 to 12:00. " From12:00 to 13:00, Nifty may remaindown. "Between 13:00 to 15:30, the stock market breadth shall be positive.


News Track

A range of tiles across categories, high on design and built to lastMumbai, August 2015: NITCO, a leading player in tiles and interior aesthetics solutions pro-

vider in India, has launched its latest collection, Explorer Edition 2015. With design and perfor-mance at its core, the new launch comprises of a range of tiles that are not only aestheticallybeautiful but built to last. These include tiles across all categories from Wall tiles, Ceramic Floortiles, Glazed Vitrified tiles and Vitrified Double Charged tiles. To meet consumer needs and satiatetheir exploratory spirit for more wall and flooring options to beautify their homes, NITCO's ExplorerEdition 2015 presents itself as the perfect solution offering a whole new range of designs andcolors in tiles under the popular NITCO brands, NITCO Casa, Dura Digi, Duracottura, Truliferange.

Inspired from timeless shapes, forms and patterns that have defined the very foundation of art,NITCO Casa tiles are an eclectic masterpiece. With the help of reactive finish, Casa Wall tilescreate an effect of engraved surface. These tiles reflect-off light giving depth to the design. Theytransform ones home into a gallery of art, painting a magical dream space for itself on the canvasof the future.

The DuraDigi is collection of "The Next Gen Tiles" with designs from wood to slate, stone tomarble and geometry. Digitally produced, it is made with a combination of flat and digital printingtechnology, with the 'Eclat finish' which gives a lustrous effect where the design is depicted on thematte surface.

The Dura Cottura collection is a chic yet elite, stylized yet conventional piece of art which isbound to make heads turn. The Classic Elegance with clean structural style defines simplicity andreinforces the feeling of timeless quality.

The Trulife range is inspired from the rhythmic pattern of the nature. Each piece is crafted toadd a touch of soothing sophistication to your interior with near to life designs.

Speaking on the Explorer Edition 2015, Mr. Ashok Goyal - CEO, NITCO elaborates, "Consum-ers are always exploring new designs to style their living space with artistic impressions. With theExplorer Edition 2015, we bring a tiles collection inspired from natural elements and designswhich blend into the world of contemporary patterns. These vibrant designs combine "the Old withthe New" keeping the world of patterns at its core".

NITCO unveils Explorer Edition 2015NITCO unveils Explorer Edition 2015NITCO unveils Explorer Edition 2015NITCO unveils Explorer Edition 2015NITCO unveils Explorer Edition 2015


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