REVIEW OF “SMART PLUS NEWS LETTER” No. 42 Dt. 22-6-2020 · Lowest gold wastage in jewellery...

DHOOM..... .. . . . DHAMAKA.... ... . . .

Company Rate Weekly Diff rence Diff rence Recco. High (in Rs.) (in %)

AMAZING ReturnSmart Gain ForSmart Investors

Company Rate Weekly Diff rence Diff rence Recco. High (in Rs.) (in %)

REVIEW OF “SMART PLUS NEWS LETTER” No. 42 Dt. 22-6-2020

FLASH FLASH

STOCK PICKS

Associated Alcohols 246 251 5 2.03

Escorts 985 1030 45 4.57

Godrej Properties 895 911 16 1.79

HUL 2089 2174 85 4.07

SBI Life 775 795 20 2.58

Bajaj Finance 2698 3027 329 12.19

Britannia 3438 3467 29 0.84

STOCK WATCH

Laurus Labs. 536 576 40 7.46

Glenmark 409 519 110 26.89

HDFC Life 520 538 18 3.46

ICICI Lombard 1266 1292 26 2.05

Kaveri Seeds 597 624 27 4.52

Alkyl Amines 2084 2177 93 4.46

Bajaj Finserv 5849 6317 468 8.00

United Breweries 1019 1051 32 3.14

FUNDAMENTAL STOCKS

Adani Transmission 221 268 47 21.27

Adani Green 420 463 43 10.24

Chmabl Fert. 147 149 2 1.36

Polymedicare 297 308 11 3.70

Eid Parry 264 276 12 4.55

UPL 437 463 26 5.95

Chola Invest 196 206 10 5.10

Century Tex. 299 324 25 8.36

Nelco 197 203 6 3.05

TECHNICAL SHARES

Kotak Bank 1302 1389 87 6.68

BEML 642 658 16 2.49

Hero Moto 2372 2559 187 7.88

NMDC 82 87 5 6.10

M&M Fin. 164 179 15 9.15

Biocon 381 404 23 6.04

MID CAP STOCKS

Manappurm Fin. 151 158 7 4.64

Carborundum Uni. 264 268 4 1.52

Cummins India 392 403 11 2.81

Rallis India 261 271 10 3.83

Dollar Ind. 137 143 6 4.38

STAR Cement 79 87 8 10.13

Adani Enter 152 161 9 5.92

orrent Power 320 326 6 1.88

SMALL CAP STOCKS

Future Retail 111 135 24 21.62

JSW Energy 47 51 4 8.51

Menon Bearing 33 34 1 3.03

BEL 80 83 3 3.75

Tata Power 43 44 1 2.33

L&T Fin. 67 70 3 4.48

DCW 12 13 1 8.33

Federal Bank 51 56 5 9.80

IDFC First Bank 25 28 3 12.00

Equitas 52 55 3 5.77

Issue No. : 43Vol. : 15 Page : 1

SMART PLUS N e w s L etter(Weekly)

Date : 29-6-2020 to 5-7-2020

FII & DII Activity from 22-6-2020 to 26-6-2020

FII Activity DII ActivityDate Buy Value Sell Value Net Value

22-06-20 5467.93 5043.72 424.2123-06-20 23234.73 23065.77 168.9624-06-20 8721.09 6954.19 1766.925-06-20 5716.86 6767.47 -1050.6126-06-20 4220.4 4973.58 -753.18TOTAL 47361.01 46804.73 556.28

Date Buy Value Sell Value Net Value

22-06-20 4781.76 6069.45 -1287.6923-06-20 4753.26 4298.78 454.4824-06-20 4527.64 6052.54 -1524.925-06-20 7786.25 8041.84 -255.5926-06-20 4763.5 3459.32 1304.18TOTAL 26612.41 27921.93 -1309.52



Date : 29-6-2020 to 5-7-2020

Rajesh Exports is engaged in the business of gold and gold products. The Company is engaged in manufacturing and marketing jewelry to consumers across the world. Rajesh Exports Limited was incorporated in 1989. The company is a global leader in the Gold business. REL is headquartered in Bangalore, India with operations spread across the world. The only company in the world with presence across the entire value chain of Gold from refi ning to retailing. Largest processor of gold in the world, REL processes 35% of gold produced in the world. Largest exporter of gold products from India. Lowest cost gold jewellery producer in the world. World’s fi nest gold products manufacturing and R&D facilities at various places, main facility being at Bangalore, India and the main refi ning facility being at Balerna, Switzerland. Extensive marketing network covering entire India and the major gold markets of the world.

REL has one of the world’s largest active jewellery design database of 29000 designs. REL has developed several innovative technologies and processes in the manufacture of Jewellery. REL is a professionally managed company committed to the highest standards of corporate governance. State of the Art and the most advanced world’s largest jewellery manufacturing facility. Lowest gold wastage in jewellery manufacturing process in the world. Lowest cost gold refi ner and gold jewellery producer in the world. One of the largest and the most advanced R&D facility in gold refi ning, bar making and jewellery making. The R&D facility at Valcambi, Switzerland has many global fi rst’s to it’s credit includ-ing manufacturing the fi rst minted gold bar in the world. The R&D at Bangalore, India has developed many proprietary jewellery making processes and designs. Most integrated jewellery entity with presence across the value chain of gold from mining up to retailing.

Its CMP is 479 Rs with the M.cap of 14169 Cr. Stock is traded at 11 P/E. currently stock is available near 52 weeks Low (464). This is a pure contrarian Call so those who are long term investors and wait for a year can invest it. It is potential to give 30-40 % return in 2020.

RAJESH EXPORTSKanak kumar Patel, Patan, Gujarat, India, Email: [email protected]

mailto:[email protected]

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Stocks Reco Date Reco Price Recomm. High AfterAPOLLO MICRO 4th May 20 70 85-95 120.9

(Booked pro t around Rs.85)NAVKAR CORP 8th May 20 23.25 27-30 32.8

(Booked pro t around Rs.25.75-26)

EID PARRY 8th May 20 156 175 275ZEE LEARN 11th May 20 14 17-19

Remain Range boundADVANCED ENZYMES 15th May 20 160 185-190 Stop lossGRANULES 19th May 20 164.5 190-200 224LAURUS LABS 19th May 20 438 490-525 542TALBROS AUTO 29th May 20 92.5 105

Booked around Rs.100PLASTIBLEND India 1st June 20 160 190-200 Target achievedMoldtech Techno 3rd June 20 41 55-60 45.50KALPATARU POWER 5th June 20 218 245 Exit at 215MOIL 5th June 20 141 165

Book pro t at 154TALBROS AUTO 5th June 20 101 120-125 Exit at 100ALBERT DAVID 5th June 20 525 600-625

First kissed 557 and stop loss click laterIBULLS HSG FIN 10th June 20 152.5 175 209.45MAHESHWARI LOG 10th June 20 188 225 Stop lossRain Industries 18th June 20 76 85 82.35MIDHANI 18th June 20 210 227-235 221

Performance of our last Recommendation

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Date : 29-6-2020 to 5-7-2020

Globus Spirits Limited Ltd (CMP Rs.125.45)Script Info: 533104 / INE615101010

Globus Spirits Limited is engaged in manufacturing, marketing and sale of Indian made Indian Liquor (IMIL), Indian made foreign Liquor (IMFL), bulk alcohol and contract bottling for established IMFL brands. The company has a well established presence in the IMIL segment and set to become a Pan- India IMIL leader with launch of distillers in Bihar and West Bengal. GSL currently operates three modern and fully integrated distilleries at Behror, Rajasthan and Samalkha and Hisar, Harayana. It is one of the largest and most effi cient grain based distilleries in India with highest alcohol recovery per unit of grain. The overall industry environment was very conductive with government strengthening its commitment to ethanol blend-ing and reducing dependence on imports in the wake of volatile crude prices. The biofuel policy approved by cabinet permitted ethanol manufacturing from various grains and moreover OMCs placed a premium on grain ethanol over the traditional C grade molasses based ethanol. The company being one of the largest grain based distilleries in the country was in a strong position to leverage these developments. The company has secured allocation of 35 million liters of ethanol to be supplied to OMCs over the period march 2019 to November 2019. This ensures guaranteed off-take for our bulk alcohol in states of harayana and Bihar, which due to surplus supply situation in these states, is dependent upon neighboring states/exports for sale. The sudden increase in ethanol requirement and consequently shift of capacities from ENA to ethanol had a positive impact on bulk alcohol realizations which quickly moved up in December 2018 refl ecting a huge supply defi cit situation in the industry. The company has been leveraging a strong 360 degree business model straddling across the entire alcohol value chain. In the year 2019-20, the company earned revenues of Rs.1254 cr up from Rs. 1073 crores in the previous year bring the growth of revenue to the extend of 17%. EBITDA was at Rs. 137 cr up from Rs. 102 crores in the previous year and net profi t after tax was at Rs. 59 cr up from Rs. 30cr. The revenue growth was led by better raw material prices and reduction in fi nance costs. mThe manufacturing vertical experiences a slightly lower share in revenues decreasing from 92% to 88%. The consumer business has been relatively stable with a drop of 2% mainly due to the lockdown effect in the last month. The bulk alcohol divi-sion is the backbone for the company 360 degree business model and provides high quality Extra neutral alcohol to the other divisions, ensuring a sustainable competitive advantage. Bulk alcohol revenue grew to 50%revenue as against 47.5% in FY19. The company is riding on twin engines of higher utilization and a strong product realization like ENA, IMIL. Newer brands for ImIL (like NIMBOO launched) and newer opportunities for ethanol utilization would lead to greater usage of captive ENA. The company’s premium IMFL venture Unibev which witnessed healthy traction as it spread its wings in South and East India and launched two more brands in whisky category. Unibev now offers a portfolio of three brands and is present in fi ve states. All brands have been highly appreciated by both trade and consumers. Total income grew on account of higher ENA volumes. EBITDA for the quarter stood at Rs. 390 million in Q4FY20 growth of 32% YoY. Profi t after Tax was at Rs. 215.5 million compared to Rs. 144 million in Q4FY20 robust growth of 50% YoY. The company stands at a comfortable liquidity position with strong and healthy balance sheet by repaying long term debt and also bringing down its short term debt signifi cantly GSL has shown strong improvement in EBITDA margin to 11.8% in FY 20 . Also the company is planning to further rationalize high cost debt and debt repayment which should reduce interest cost and aid in improving profi tability. The company is expecting increased growth in revenue, EBITDA for FY 20-22 but PAT is expected to grow with 12% CAGR mainly due to lower interest expenses. Globus Spirits has placed itself in a solid position as existing businesses are thriving and path to growth is well defi ned with Unibev leading the way which is the integral part of the business model and growth strategy as we seek to allocate free cash fl ows generated by the existing business of Unibev.For the fi rst time consumers will get and experience of MADE IN INDIA WHISKIES which are blended with aged imported scotch from SCOTLAND. Its further diversifi cation into ethanol (hand sanitiz-ers) business is also helping the company to grow further adding to the brand value. The Cash rich and low debt company is a perfect company to invest in the long run bringing good gains to the investors.

EVERGREEN STOCK INVESTOR Mr. Mahesh Nathan : Pune- Maharashtra : [email protected]




Date : 29-6-2020 to 5-7-2020

Arunkumar : [email protected]

TRADING IDEA FOR NEXT WEEK

Next week Trading Strategy. Next week 29jun-3 july Trading Strategy. Totally unexpected move-ment in next week.. SOME TRADING IDEA OF NEXT WEEK.INDEX... SELL NIFTY FUT BELOW 10230 TGT 10080-9960 SL 10350 BUY NIFTY ABOVE 10360 TGT 10455-10600 SL 10200 SELL BANK NIFTY FUT BELOW 21200 TGT 19660-19200 SL 21600 BUY BANK NIFTY ABOVE 21700 TGT 22140-22500 SL 21350FUTURE... SELL GLENMARK BELOW 465 TGT 452-445 SL 475 SELL AXIS BANK BELOW 417 TGT 407-398 SL 425 BUY MFSL ABOVE 515 TGT 528-540 SL 504 BUY SUNTV ABOVE 418 TGT 434-442 SL 406DELIVERY CALL BUY INDIABULL REALESTATE ABOVE 53 TGT 60-63 SL 47 BUY INFIBEAM ABOVE 65 TGT 72-75 SL 58

Global markets turns vola le&

Both side wild movement will be seen in the month of July

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Scrips given here may see good rise with solid up move in coming week….# HOT WEEKLY STOCK FUTURES:1) HDFC Bank (1044.30) Rs. 1024 stoploss…It may touch 1062 to 1071…2) ONGC (84.20) Rs. 80 stoploss..It may touch 90 to 99…3) Coal India (141.90) Rs. 135 stoploss..It may touch 153 to 162…4) PFC (90.35) Rs. 85 stoploss..It may touch 99 to 108…5) IDFC First (26.90) Rs. 25.50 stoploss…It may touch 30 to 33…6) Tata Motors (101.20) Rs. 96.50 stoploss… It may touch 108 to 117…7) NMDC (84.20) Rs. 81.50 stoploss.. It may touch 90 to 99…8) DLF (154.65) Rs. 149 stoploss….It may touch 162 to 171…9) IndusInd (494.55) Rs. 481 stoploss…. It may touch 504 to 513…10) HCL Techno (563.05) Rs. 544 stoploss..It may touch 576 to 585…# HOT DELIVERY BASED SHORT TERM STOCKS :1) Ujaas (9.05) SL 8… With solid upmove it may touch 12 to 14…2) Bajaj Hind (8) SL 7… Near term it may touch 10 to 12…3) TTML (4.20) SL 3… Near term it may touch 5 to 6 with upmove..4) IDFC (19.30) SL 18… Near term it may touch 21 to 24…5) Delta Corp (92.15) SL 85… Near term it may tocuh 108 to 126…6) Educomp (4.24) SL 3.50… Near term it may tocuh 6 to 8...7) R Power (3.90) SL 3… Near term it may touch to 5 to 6…8) MOIL (147.95) SL 140… Near term it may touch 171 to 198…9) KTK Bank (43.25) SL 40… Strong upmove from 54 to 63 in near term…10) IRB (90.10) SL 84… In short time it may touch 108 to 126…

Paras K.Ghelani (PG), Research Analyst (Email: [email protected])

BAAJ NAJRE



Date : 29-6-2020 to 5-7-2020

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Nifty & Sensex Movement during the last week Nifty Open High Low Close Diff22-Jun-20 10318.75 10393.65 10277.6 10311.2 66.823-Jun-20 10347.95 10484.7 10301.75 10471 159.824-Jun-20 10529.25 10553.15 10281.95 10305.3 -165.725-Jun-20 10235.55 10361.8 10194.5 10288.9 -16.426-Jun-20 10378.9 10409.85 10311.25 10383 94.1 Net Weekly Gains 138.6Nifty Open High Low Close Diff22/06/2020 34,892.03 35,213.52 34,794.40 34,911.32 179.5923/06/2020 35,015.73 35,482.16 34,843.69 35,430.43 519.1124/06/2020 35,679.74 35,706.55 34,794.93 34,868.98 -561.4525/06/2020 34,525.39 35,081.61 34,499.78 34,842.10 -26.8826/06/2020 35,144.78 35,254.88 34,910.34 35,171.27 329.17 Net Weekly Gains 439.54



Date : 29-6-2020 to 5-7-2020



Date : 29-6-2020 to 5-7-2020

* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken, we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction

S3 S2 S1 CLOSE R1 R2 R3Nifty 9731 9995 10194 10383 10553 10702 10827Sensex 33354 33887 34499 35171 35706 36443 37011

Jatin Sanghavi (www.jatinsanghavi.com)

61.8% RETRACMENT STRIKES :- The current Rally was not only huge but also very sharp and fast. It is so typical of a Bear Market Rally which creates doubts in the minds of Market participants whether a Bull Market has resumed. Even though the Nifty has managed to close above the 200 WeeklyMA, the Weekly candlestick formation is a Neutral formation and raises doubts regarding the current Upward Rally. More importantly, both the indices hit a roadblock in the form of 61.8% Retracement (Nifty 10551) by forming a Bearish Engul ng on daily charts. This suggests a Short Term Reversal unless Nifty closes above 10553. Hence in the near term, Nifty can consolidate between 10500-10000.

BEARISH ENGULFING :- On the daily charts, both the indices have formed a Bearish Engul ng on Wednesday at the top suggesting a short term reversal. On Friday, both Sensex and Nifty have formed a Doji like formation with negligible shadows. On the weekly timeframe, both the indices have formed a White Body Spinning Top at the top which can have bearish connotations. Thus daily as well as weekly formation suggests a Bearish bias in the near term.

WALL OF RESISTANCES STRIKES :- The WALL of RESISTANCES nally caught up with the Market as the strong Resistance of 61.8% (Sensex 35918 and Nifty 10551) halted the upward rally in the near term. In case this Resistance gets taken out, another very strong Resistance in the form of weekly Bearish Gap between Sensex 36950-37011 and Nifty 10751-10827 will follow. On the higher side, the 200dma (Sensex – 37010 and Nifty – 10901) will act as extremely strong hurdle to overcome.

9900 – TRENDLINE SUPPORT :- Indices have immediate support in the form of Trendline Support which is at Sensex - 33702 and Nifty – 9900. Below this strong Support comes in the form of Bullish Gap on Weekly as well as Daily timeframe i.e. between Sensex 32876-32480 and Nifty 9706-9598.

BULLISH ISLAND STILL HOLDS :- Bullish Island still holds, whose failure point is below the Low of Opening White Body Marubuzo which is at Sensex 32348 and Nifty 9544. In case of a failure of Bullish Island, Market will go down to test the higher bottoms at Sensex 29968 / Nifty 8806.

TREND REMAINS BULLISH :- Both the indices are well above the Short term average of 20dma (Sensex – 34195 and Nifty – 10097) as well as Medium term average of 50dma (Sensex – 32556 and Nifty 9576). Both the indices continue to remain below the Long term average of 200dma (Sensex – 37010 and Nifty – 10901). Thus the Trend in the Short term as well as Medium term Timeframe is Bullish, whereas the Trend in the Long term Timeframe continues to remain Bearish.

OSCILLATORS SUGGESTS POSITIVE BIAS :- MACD as well as Price ROC are both positive and continue in Buy mode. RSI (64) suggests bullish momentum. Stochastic Oscillator %K (77) is below %D and hence in Sell mode. ADX (20) suggests Trend yet to be developed. Directional Indicators continue in Buy mode as +DI continues above -DI. MFI (46) suggests Negative Money Flow. OBV continues in Buy mode. Buy signal in Bollinger Band continues. Thus majority of Oscillators are suggesting a Bullish bias.

OPTION ANALYSIS :- Options data for June series indicate highest Call Open Interest at the strike of 10500. Highest Put build-up is at the strike of 10000. Thus Options data suggest a trading range with Resistance at 10500 and Support at 10000.

DERIVATIVE STRATEGY :- It is suggested to construct a BULL Spread for Tata Power (CMP – 46).It is looking Bullish upto at least 51.Buy 46 Call @ 3.60 & Sell 51 Call @ Rs 1.60. (July Series Monthly)Cost of Construction is Rs 2. Hence Break-Even Point will be @ 48.Max Pro t can be Rs 3. Max Loss can be Rs 2.The above Option Rates are of July Series.

CATCHING UP WITH THE NIFTY

THIS WEEKS RECOMMENDATIONS STOCK CMP SL Tgt-1 Tgt-2Buy EicherMotors 18473 18123 18998 19531Buy Escorts 1017 996 1049 1082Buy IPCALab 1700 1662 1757 1817Buy EngineersInd 79 76 84 89Buy TataPower 46 44 49 53

http://www.jatinsanghavi.com)



Date : 29-6-2020 to 5-7-2020

By Vijaya Kittu M, GetPaidIndia.comUpdates on Select Stocks

The author feelsthat investors should keep a tab on the developments of their invested companies. Readers can reach him on WhatsApp at +91 98495 19188.

1. VedantaLimited (VEDL) got a step closer to its delisting plans after it got the shareholders nod for the same. Back in may, Anil Agarwal announced to make his businesses structures simpler and hence will be delisting VEDL from the stock exchanges. E-Voting washeld and 87.13% public institutional shareholders have cast their vote. 85.3% voted in favour of delisting. In the Public non-institutional shareholders’ category, only 32.51% voted. As many as 74.73% voted in favour. Earlier, the off er price was put at Rs. 87.50 per share. VEDL will now go for clearances from regulators and others taking the process forward. While Vedanta Limited is the rst company to go for buyback and delisting, several others have lined up too. Adani Power and Hexaware too have announced their plans.

2. Automaker Ashok Leyland – the agship company of the Hinduja group, reported a PAT of Rs. 240 crores for the year 2019-20 but a quarterly loss of Rs. 57 crores. Sharp revenue falls because of subdued demand and a policy push towards e-vehicles is stressing almost all automobile companies. The company, however, said that it will continue to bring in new and innovative technologies and that its modular business platform - AVTR – will help customers custom-build their vehicles. Managing cash ows, cutting costs and improving productivity are in focus right now.

3. Media reports are suggesting that ICICI Bank is going to raise capital to a tune of $3 billion to strengthen its capital ratios. The bank is reportedly in early-stage talks with advisors to take up this activity and might go for the share sale by September 2020 depending on the situation in the markets. Credit Suisse Group AG says all Indian banks combined will have to raise $20 billion of cash in the next year to make up to decent capital levels.

4. Asian Paints has reported decent numbers compared to others despite the pandemic-lead lockdown. Gross margins on Q4 are at highs, and this cheered the investor community. Though gross margins will continue to improve in FY 21, experts believe weak sales and price cuts would dampen it a bit. The International business in Africa, West Asia and Egypt grew while Nepal, Bangladesh and Sri Lanka declined.

5. L&T has offi cially announced its support for the ‘Atmanirbhar Bharat Abhiyan’ saying it will be committed for self-reliance. The infrastructure and construction company reiterated its commitment to “Make-in-India” initiative, saying it will reduce its imports.

KWJ Inves ng Webinars : Sundays of July 2020Get a strong introduc on on Por olio Design,

MFs and Equity Inves ngFee: Rs. 6000 for all the 8 sessions of the month

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Vol. : 15

SMART PLUS News LetterDate : 29-6-2020 to 5-7-2020

(Weekly)Page : 10 Issue No. : 43

NIFTY 50 Index closed the week (as on Friday) on positive note gaining 138.60.Points approx

Our Option Strategies

Weekly High: 10553.15 ; Weekly Low: 10194.50 ; Weekly Close: 10383.00Nifty 50 Index close on upside this week by approx. 138.60 points. Nifty traded in narrow range last week compare to few earlier weeks. Last week there were no major events In our market. Nifty has followed largely to the global markets. Cases of corona virus are increasing rapidly as guessed. Technically nifty is looking strong but corona virus issue will play important part this week. Monsoon is also one of the factor which cannot be ruled out to decide further direction of market. Risk reward is with seller now. Immediate resistance for nifty is around 10550 levels. Close above that can lead to next round of buying. Hedge your posi-tion completely as per your risk taking capacity. Nifty may fi nd support around 10200 and 10000 levels. Nifty may remain between 10200 to 10500 this week. Nifty will have some buying if it closes above 10550 on upside.

NIFTY: VIEW (BEARISH) TRADE: EXPIRY 30 JULY 2020BUY 10300 PE @ 324.00 1 LOTSELL 10000PE @ 210.00 1 LOTMAX PROFIT : 13950/-MAX LOSS : 8550/-BREAKEVEN: 10186.

Abhijit Mehta. CERTIFIED FINANCIAL PLANNERCM +91 8690190477, [email protected]

TVS MOTORS: VIEW (BEARISH)TRADE: EXPIRY 30 JULY 2020BUY 380 PE @ 26.50 1 LOTSELL 350 PE @ 13.00 1 LOTMAX PROFIT: 23100/-MAX LOSS: 18900/-BREAKEVEN: 366.50.

M&M FINANCE: VIEW (BEARISH)TRADE: EXPIRY 30 JULY 2020BUY 175 PE @ 15.00 1 LOTSELL 165 PE @ 10.00 1 LOTMAX PROFIT: 10500/-MAX LOSS: 10500/-BREAKEVEN: 170.

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Vol. : 15

SMART PLUSDate : 29-6-2020 to 5-7-2020 (Weekly)

Page : 11Issue No. : 43

N L

Fundamental StocksStock WatchInfosys 948.00Century Tex. 307.00Wipro 225.00L&T Info 1932.00Godrej Agorvet 457.00Shriram Trans. 705.00MindTree 949.00Britannia 3456.00Avanti Feeds 472.00Ultratech Cement 3860.00Honewell Auto 31153.00

Stock PicksNucleus Soft 208.00Engineers India 179.00Ujjivan 237.00Deepak Nitrite 504.00Exide Ind. 149.00Power Grid 179.00M&M Fin. 176.00Tata Consumer 367.00Tata Motors 101.00Adani Ent. 163.00Ambuja Cement 188.00

IPCA Labs. 1700.00ICICI Bank 348.00HDFC Bank 1056.00Bandhan Bank 338.00Glenmark Pharma 466.00Bajaj Auto 2868.00Marico 344.00Titan 966.00BPCL 394.00HDFC 1769.00Indusind Bank 493.00

Technical Shares

West Cost Paper 178.00Andhra Paper 211.70L&T 962.00Siemens 1116.00Cummins India 410.00Hero Moto 2540.00Havells 585.00Escorts 1017.00HCL Techno 563.00TCS 2115.00Eicher Motors 18476.00

BEL 85.00IDBI Bank 40.00Tata Power 46.00Orient Cement 76.00IDFC First Bank 26.00Meghmani Org. 52.00Equitas 55.00Federal Bank 53.00LT Foods 40.00Verdhman Steel 62.00Birla Soft 92.05

Finolex Cable 293.00Just Dial 392.00Anup Engg. 384.00TD Power 120.00KRBL 123.00Monte CArlo 164.00Canara Bank 104.00GSPL 215.00Jindal Steel 153.00ICICI Prud. 423.00Deepak Fert. 117.00

Mid Cap Stocks Small Cap StocksChola Invest 137.00Torrent PHarma 2477.00Bharti Infra 220.00Aurobindo Pharma 782.00Biocon 401.00Zee Enter 176.00Mahanagar Gas 1074.00Sun PHarma 438.00Ashok Leyland 52.00IndiGo 1029.00LIC HF 270.00

Sell Stocks

All recommendation provided by Dilip K. Shah. He has not brought / sold any stock advised in this news paper during last one month Stoploos is useful for Short - Medium term investors only* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken, we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction

This week all eyes on....June 29, Monday : Q4 results : NTPC, BEL, Petronet LNG, Bharat ForgeJune 30, Tuesday : China June Manufacturing PMI data & Q3 results of ONGC & SailJuly 01, Wednesday : Indian Auto & Cement June Dispatch data & US June 2020 Manufacturing PMI DataJuly 02, Thursday : US June 2020 Non-Farm Payrolls Employment dataJuly 03, Friday : US June 2020 Services PMI data

Indian Markets in overbought position, henceOn Monday, Negative / Gap down opening is likely

Overall markets will remain high volatile during the weekResults related & Stock to remain in focus

More than 1800 fi rms to announce Q4 results



Date : 29-6-2020 to 5-7-2020

Cont...

Corona Virus and Lockdown push the Government’sRs.2.10 lakh crore disinvestment plans on shelves

Government mulls to make up by LIC’s Rs 90000 crore mega issue and stake sell in SCI

More than two dozen companies including NCDEX, Burger King, CAMS, NSE, Bajaj Energy to come up with issue

UTI AMC’s Rs3000 crore IPO gets SEBI node, will enter the market soonOut of two quality issues, LIC IPO will be ahead of RIL Jio

SME Segment will be vibrant following relief packages from State and Centre along with reduc on in interest rate

Two SME IPOs - Billwin and Ksolves- sailed throughThis week Bonlon Ind’s BSE SME IPO with fi xed rate of

Rs 28 to enter the market on June 28KLM Axiva and Muthoot Mini Fin’s NCDs issues get good response

Primary Market -DilipK. Shah

The investors felt enthusiastic due to huge premiums in RIL’s partly paid share listing. It has opened new door for investment.

The government is all set to achieve disinvestment target of Rs2.10 lakh crore. However, Corona

Virus and Lockdown became huge hurdles in achieving the goal. Now, the government is planning

to make up with mega issue of LIC, for which it has invited bid for appointment of two advisors.

It is believed that LIC may come up with the biggest IPO of Indian markets with total size going

up to Rs80,000 crore to Rs90,000 crore. In future, RIL Jio may also come up with IPO. Both the

IPOs are good in quality but LIC will come rst.

Moreover, SEBI has given approval to UTI AMC’s Rs3000 crore IPO, which may enter the

market soon. A number of unlisted companies are mentioned in the separate table, which may

prove to be goldmines for the investors.

UTI AMC Rs3000 crore IPO will be the biggest IPO by an asset management company. It will of-

fer 3.90 crore shares through OFS. In this issue SBI, LIC and BoB each



Date : 29-6-2020 to 5-7-2020

BSE SME IPOSr Company Open Dt. Issue size Off er price Minimum Lead Rating Remark

Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %

1. Bonlon 30-6-2020 37,56,000 Eq. 28 4000 Eq. Shares Sarthi

Industries 3-7-2020 (Rs. 10.52 Cr.) (Rs. 1,12,000) Capital

34% : APPLY FOR

LONG TERM

NCDEXEaseMyTripMonteCarloCAMSPolicy BazaarEquitasLodha BuildingBajaj EnergyBarbeque Na onNirmiteeBurger KingLICAngel BrokingNSEUTI Mututal Fund

Upcoming IPOs

Subscription gure of KLM Axiva Finvest

Category No. of Bond Issue (Issue Closed on Off ered/ Subscribed26-6-2020) Reserved 26-6-2020Cat. 1 QIB 1,00,000 0.00xCat. 2 NII 4,00,000 1.35xCat. 3 HNI 5,00,000 1.76xTotal 10,00,000 1.42x

Subscription gure of Muthoottu Mini Fin.

Category No. of Bond Issue (Issue Closed on Off ered/ Subscribed26-6-2020) Reserved 26-6-2020Cat. 1 QIB 1,00,000 0.00xCat. 2 NII 4,00,000 2.29xCat. 3 HNI 5,00,000 2.91xTotal 10,00,000 2.37x

Cont...

will offer 1.05 lakh equity shares. PNB and T Rowe Price Inter-national each will off er 38.04 lakh shares. The lead managers are Kotak Mahindra, Axis Capital, City Bank, DSP Merrill Lynch, ICICI Sec, SBI Capital and J.M.Fin. It will get listed on BSE and NSE.

RIL will separate telecom and

retail business with JIO’s IPO Reliance Industries Ltd has become debt-free. Now, it may

separate its retail and telecom businesses with IPO of RIL JIO. It

will unlock the value.

RIL has made its nancial position very strong by selling stake in

Jio Platforms and Rights Issue. As a result, the net debt to equity will come down from 0.51 to 0.06 next year. Moreover, it is also

expected that the company will be able to seal $15 billion deal with

Saudi Aramco. The free cash ow outlook will also be posi-tive for the company. If the deal with Saudi Aramco goes

through, RIL will also expand its re ning and petrochemical business.

In FY2021-22, RIL’s EBITDA is expected to be Rs86000

crore, which is doubled compared to past few years.

This week’s SME IPOs:-Billwin Industries :- Rs2.46 crore IPO closed on June 22



Date : 29-6-2020 to 5-7-2020In UTI AMC IPO the shareholders will off er 3,89,87, 081 shares through OFSRIL will separate Telecom and Retail businesses with Jio’s IPO in future

KLM Axiva Fin’s NCDs got 1.42 mes andMuthoot Mini Fin got 2.37 mes subscrip on

IBM, TAFE, Toyota, Sony and other unlisted companies are planning for IPO

Cont...

IBMTafe Motors & TractorsTractors & Farm Eq.USV PharmaGujarat Urja Vikas NIgamToyota Kirloskar MotorSony IndiaCognizant TechnologiesCargill IndiaSTAR IndiaMahanadi Coafi eldsNumaligarh Ref.Mother DairyRoy Blue IndiaPepsico IndiaShapoorji PallonjiHiranandaniNuclear PowerRashtriya Ispat Nigam

WellKnown

UnlistedCompanies

Who

planning to

comewith IPO

Subscrip on Figures of SME IPO (Dt. 19-6-20)IPO Lis ng Day SubscribedBillwin Industries BSE SME Issue Closed on 22-6-2020 1.37xKsolves India NSE SME Issue Closed on 26-6-2020 1.42x

KSolves India :- Rs4.02 crore IPO closed on June 26 with 1.42 times subscription.

Bonlon Industries :- BSE SME IPO worth Rs10.52 crore with fixed price of Rs28 opened on

June 30 and will close on July 3. The company is active in manufacturing, trading and marketing

of copper rods and bars. The company’s products are used in electrical, construction, transporta-

tion and automobile sector. Sarthi Capital Advisors is the lead manager.

This week’s NCDs issues:-KLM AxivaFinvest :- The issue with base price of Rs100 crore and shelf limit of Rs125

crore closed on June 26 with 1.42 times

subscription.

Muthoottu Mini Fin :- The issue with

base price of Rs100 crore and shelf limit of

Rs200 crore closed on June 26 with 2.37

times subscription.

Companies

planning for IPO:-Patanjali Ayurved Ltd :- Yog Guru

Baba Ramdev’s company is giving tough

fight to Hindustan Unilever. It has raced

ahead of Jyothi Labs and Emami with

Rs25000 crore turnover. It will get listed on

NYSE.

AMUL :- Gujarat Co-Operative Milk

Marketing Federation’s turnover may cross

38550 crore this year. Its topline witnessed

15% growth due to COVID-19 pandemic.



Date : 29-6-2020 to 5-7-2020

AB Fashion’s Rs 995 crore Rights Issue got board approval

AB Fashion Rights Issue :- Aditya Birla Fashion has got approval for Rights Issue from board of directors. It will issue 9.04 crore partly paid equity shares with face value of Rs10. It plans to raise Rs995 crore. The share price for fully paid up equity share is xed at Rs110. Rights entitlement ration is 9 partly paid shares against 77 fully paid shares.

SEBI has relaxed norms forpreferen al share issue

SEBI Relaxed norms for preferential share issue :- SEBI has given exemp-tion from pricing framework for raising funds through preferential share allotment. Moreover, preferential allottee has been given exemption from open off er obliga-tion. It becomes diffi cult for the companies to raise fund through traditional sources due to high debt and low share price. So SEBI has relaxed pricing methodology for preferential share allotment.

***

Parle Products :- $1.5 million company has left behind collective sales of McDonalds, Domi-

nos and Pizza Hut.

Bennet Coleman & Company :- The company owning top media brands like Times of

India, Economic Times, Times Now, ET Now, Femina, Maharashtra Times, Navbharat Times, etc

has 11000 employees and income of $2.5 billion.

Tata Sons :- It owns 100% holding in Tata Group’s listed and unlisted companies.

Airport Authority of India :- The PSU’s value is around 80000 crore to One lakh crore. It

has 120 airports under its belt, of which 85 are operational.



Date : 29-6-2020 to 5-7-2020

Reliance and Reliance Partly Paid (PP) shareholders rack in mullahs

Reliance PP share spurt to 900: May touch 1000A er lis ng RIL PP shares has given 160% return in just 15 days

RIL’s share touched 1804 levelMay touch Rs 2000 level.

Reliance Partly Paid Shares:- Reliance Partly

Paid Shares (RIL PP) were priced at Rs1257 and

applicants had to pay Rs314.25. It got listed with

spurt of 108% at price of Rs689 on June 15 and

went up to Rs894.15 and went down to Rs665

and it closed at Rs833.95 on Friday. Thus it has

come closer to Rs900. It has given more than

160% return as against off er price in just 15 days.

In Future, Jio’s Average Revenue Per Users

RIL Jio and Retail will unlock huge valueJio Pla orms value will growth 66%

Stock Split expected in RIL

Reliance Partly Paid Equity SharesIssue Price Rs. 1257 (Rs. 314.25 paid on applica on)Face Value Rs. 10 per sharePaid-up Value Rs. 2.50 per shareLis ng Date 15-Jun-2020Lis ng Rs. 689.00High a er Lis ng Rs. 894.15Low A er Lis ng Rs. 665.00CMP Rs. 826.95

(ARPU) will go up because the company’s income from advertising and application will go

up. Next year, Jio’s market share will go up to 45%. Mobile users will go up to 53.8 crore

and number of broadband customers will go up to 2.5 crore and enterprise customers will

be 1.1 crore. RIL PP share may touch Rs1000 next month.

RIL share prices touched top of 1804 but now it is being traded at Rs1740. It is believed

that there will be stock split once it touches Rs 2000 or Rs 2200 level. It should be noted

that RIL’s market cap has crossed Rs11.20 lakh, which hi higher than cumulative market

capital of HDFC Bank, Kotak Bank and ICICI Bank.

Bonlon Industries BSE SME IPOOpens on 30th July & Closes on 3rd June

Off er price Rs. 28; Lis ng on BSE SME Pla ormA er turnaround in FY 18, Bo om line growth remained good

Sudden jump in Net Profi t in 9 month of FY20 & incompetency in Top line is a concernConsidering low P/BV & PE seems a rac ve

Investors may apply in this IPO for long term horizon

Other side of Coins• Company has converts equity shares in the price range of Rs. 40.94 to Rs. 50 per share during march 2001 to April

2018• The average cost of acquisition of equity shares to the promoters is Rs. 23.08 and off er price is Rs. 28 per share.• It has not registered Logo till now• Company has made loss in FY17• As on 31st Dec. 2019, its trade receivable are Rs. 13.93 Cr. While trade payables & Other liabilit ies are Rs. 76.85

Cr. Its serious situation.• Sudden jump in First 9 Months of FY 20 is surprising and unsustainable• Its registered offi ce is not own by the company.• Company has reported negative cash ow during last 3 years.

Recommendation : Company has reported positive turnaround position in FY 18. Thereafter net profit growth remained good but incompetency in Top lines raises concern. Consider P/BV of 0.69 and at a PE of 2.15 valuations appears attractive. Investors may apply for long term.

Issue Details • Issue Opens on 30th June & Closes on 3rd July, 2020• Object of the issue : Working Capital requirment.• Issue Size : 37,54,000 Equity Shares Face Value Rs. 10, Total Rs. 10.52 Cr.• Off er price Rs. 28 Per Share• Minimum Lot : 4000 Shares Shares • Listing : BSE SMSE Paltform.• BRLM’s : Sarthi Capital Advisors• Market Maker : Choice Equity Broking• Registrar : Bigshare Services• Company Management : Arun Kumar Jain• Pre Issue Promoter Holding : 98.92% • Post Issue Promoter Holding : 72.44%• Issue Constitutes : 26.48% of the post issue paid up capital• Average of last 3 Yrs. EPS Rs. 1.52 & RONW 1.99% and• Pre IPO Equity Capital Rs. : 10.43Cr.Post IPO Eq. Capital Rs. 14.18 Cr.• Pre IPO P/BV Ratio : 0.62 (NAV : 45.05) • Post Issue : P/BV Ratio : 0.69 (NAV : 40.54) • Pre IPO P/E Ratio : 7.39• Post IPO asking P/E on Fully diluted equity : 2.15 • Industry Peer Group P/E Ratio : 7.02• BRLM’s performance : Total 42 issue Handaled in Last 6 Years. In Last 10 Listing, 7 Issues opened with premium

& 1 Issue Opened with discount and 2 Issue with at Par.

Delhi-based Bonlon Industries Ltd is engaged in manufacturing, trading, and marketing of copper rods and bars. They manufacture products for various industries including electrical, construction, transport, and automobile. The company manufactures products in diff erent speci cations and sizes as per the client’s requirement. With the amal-gamation with three companies of the Bonlon group, the area of operations of Bonlon Industries is extended in the manufacturing of metal, hotel business, and civil construction. The manufacturing unit of Bonlon Industries is located at Plot No. G-1-663, RIICO Industrial Area, Bhiwadi, Alwar- 301019, Rajasthan. The hotel of the company is the ‘Hotel Bonlon Inn’ located in Karol Bagh.

Par culars (Rs. Cr.) FY 17 FY 18 FY19 FY 20 31 Dec. 9 MTotal Revenue 238.89 243.13 217.44 186.99Pro t After Tax -1.23 0.28 2.82 13.88EPS 0.58 0.93 3.79 12.00RONW (%) -10.82 2.39 6.01 22.80

Financial Performance Consolidated Basis



Date : 29-6-2020 to 5-7-2020

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REVIEW OF “SMART PLUS NEWS LETTER” No. 42 Dt. 22-6-2020 · Lowest gold wastage in jewellery...

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