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SMART PLUS N e w s L etter
(Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 1 Issue No. : 47
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SMART PLUS N e w s L etter
(Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 2 Issue No. : 47
DHOOM.......... DHAMAKA..........
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REVIEW OF “SMART PLUS NEWS LETTER” No. 46 Dt. 19-7-2021
Company Rate High after Diffrence Diffrence Company Rate High after Diffrence Diffrence
Reco. Reco. (in Rs.) (in %) Reco. Reco. (in Rs.) (in %)
STOCK PICKS TECHNICAL SHARES
Gloster 1218 1288 70 5.75 Bajaj Finance 6126 6179 53 0.87
Ultratech 7331 7488 157 2.14 Wipro 577.65 599 21.35 3.70
Gland Pharma 3958 4016 58 1.47 Infosys 1555 1590 35 2.25
High Energy Batt. 2289 2782 493 21.54 Divi’s Lab. 4762 4823 61 1.28
D-Mart 3349 3412 63 1.88 Pidilite 2245 2306 61 2.72
Colgate 1746 1795 49 2.81 Tata Consumer 763 775 12 1.57
Navin Flurine 3891 3939 48 1.23 MID CAP STOCKS
Coforge 4549 4686 137 3.01 JSW Energy 193 240 47 24.35
STOCK WATCH I.B. Real 142.95 170 27.05 18.92
L&T Techno 3399 3495 96 2.82 Bombay Dyeing 102 103 1 0.98
ASM Techno 263 290 27 10.27 Faze Three Autofab 103 112 9 8.74
Endurance Techno 1647 1655 8 0.49 Hindustan Tinworks 106.5 123 16.5 15.49
Mrs. Bector Foods 438.9 455 16.1 3.67 Ram Ratna Wire 146.15 161 14.85 10.16
FUNDAMENTAL STOCKS Shilp Gravures 113 121 8 7.08
Sandesh Ltd. 922 942 20 2.17 Mindtech India 91.65 103 11.35 12.38
Rajapalayam Mills 908 1138 230 25.33 SMALL CAP STOCKS
IEX 412 443 31 7.52 Fineotex Chemical 95 102 7 7.37
Mangalam Cement 393 449 56 14.25 Windsor Machine 35.4 39 3.6 10.17
GSPL 337 338 1 0.30 MK Exim 65 79 14 21.54
Talbross Engg. 241 256 15 6.22 Prima Agro 42 51 9 21.43
Banswara Syntex 201 206 5 2.49 Godavari Drugs 75 76 1 1.33
Mold-Tek Packaging 491 524 33 6.72 RDB Rasayans 86.1 92 5.9 6.85
Skipper 88 93 5 5.68
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SMART PLUS N e w s L etter
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Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 5 Issue No. : 47
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SMART PLUS N e w s L etter
(Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 6 Issue No. : 47
MOVE FORWARD : BPS RAJA (Mumbai)
E-mail bpsraja@gmail.com
GODAWARI POWER & ISPAT (Rs.1657): share Due to restricted trading GPIL is subdued. Today
set to double Financial Results (Year ended FY 20- Goldman Sachs reiterated that iron ore prices will be
21) - YoY Comparison at higher level at least for one or two years. GPIL is
The company has reported total income of
Rs.4075.96 crores during the 12 months period ended EXCITING BONUS IN CHEMCRUX ENTERPRIS-
March 31, 2021 as compared to Rs.3293.18 crores ES (Rs.356)
during the 12 months period ended March 31, 2020. The Board of directors of Chemcrux Enterprises
Ltd have considered the issue and allotment of Bonus
for the 12 months period ended March 31, 2021 as shares in the ratio of 2:1 (i.e., 2 shares for every 1
share held) subject to the approval of shareholders
period ended March 31, 2020. in the ensuing Annual General Meeting.
The company has reported EPS of Rs.181.17 for SAY YES TO YES BANK
the 12 months period ended March 31, 2021 as com-
pared to Rs.47.33 for the 12 months period ended
March 31, 2020. (Q1FY22) on a rise in non-interest income and a sharp
dip in provisions.
Financial Year Year Change
Ended Ended the same quarter last year (Q1FY21). Sequentially,
FY20-21 FY19-20 (%) the bank had booked a loss of Rs 3,788 crore in the
Total Inocme 4075.96 3293.18 23.77% quarter ended March 2021 (Q4FY21).
BIG BULL BUYS 5.75 CRORE SHARES OF SAIL
EPS 181.17 47.33 282.78
dropped surprise at Dalal Street when Steel Authority
Following is the results for Q4 and Q3 of India (SAIL) — a state-owned steel manufacturer
The company has reported EPS of Rs.92.79 for company — announced in its shareholding pattern
the period ended March 31, 2021 as compared to for April to July 2021 that Rakesh Jhunjhunwala has
Rs.45.64 for the period ended December 31, 2020. bought 5.75 crore SAIL shares. His latest buys also
include Indiabulls Housing Finance (Rs. 260)
Touched high of Rs119
Financial Q4 Q3 Change on Fri. Expect 40 to 50% gain by December
FY20-21 FY20-21 (%) Net Sales at Rs 250.62 crore in June 2021 up 67.34%
Total Inocme 1263.67 1132.49 11.58 from Rs. 149.77 crore in June 2020.
EPS 92.79 45.64 103.31 up 65.89% from Rs. 41.50 crore in June 2020.
EBITDA stands at Rs. 115.18 crore in June 2021
GPIL thru its concall minutes indicated pellet prices up 46.43% from Rs. 78.66 crore in June 2020.
ISL EPS has increased to Rs. 2.20 in June 2021
from Rs. 1.30 in June 2020.
Shyadri VS.Visaka Ind: Normally the price of Visa-
kaRemains higher than that of Visaka. This time the
results of Shyadri Ind was too good and exceeded
that of Visaka. Now the Investros feel if Shyadri could
perform so well Vasika whose results expected soon
should be much better and can cross the 1000 mark.
be announced on the 27th of this month will equal or
exceed the entire 4 quarters of last year
SMART PLUS N e w s L etter
(Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 7 Issue No. : 47
STOCK SCAN
VISHAL PRAVIN BALIYA (CO-FOUNDER AT HAPPY CANDLES INVESTMENT)
MARKET OUTLOOK
Nifty this week still not able to cross the
milestone of 16000. We hope winning some
metals Golds / silver / Bronze in Olympics will
inspire Nifty to take the leap of faith from the
tussle of bears and bulls.Green lines on the
down side indicate supports: 15720, 15579.
Resistances on the upper side are 15918 and
15960. The direction of the blue arrow indicates
the target of 16208. Let us see if bulls can hold
16000 happening for one more week? Reliance
has pitched in with a good result and we hope
that it can take NIFTY across 16000 next week.
given a breakout and a great end to the week. This ensures
its progress in the coming weeks. Although it may stay
around this range for few days or weeks but eventually the
targets will be 299 and 341 with a stop loss of 231. One of
the issue many investors have with this company is high
amount of stock pledges by the promoter and despite the
market cap of the company being close to 7000 Crores
promoter holding is high and public holding is compara-
tively low. Right now the signals are that things are moving
towards a trend reversal.
MENT:
CMP 246.1
ACE is making fantastic moves on the chart and
has given aAll time high breakout. It might spend some
time having done so and consolidate here or they can
just keep moving forward. The price is holding beauti-
fully above 225 and it is now a new support. The new
break out opens the door for 275, 300 and 325 with a
stop loss of 202. Financial durability of the company
looks sound however some investors are concerned
about valuations and PE ratio of the stock being too
high, however the momentum of the stock right now
is very good with good supporting volumes.
Disclaimer: I and my clients have personal position in one or both mentioned stocks. I am not a SEBI authorized analyst and will not be responsible for position taken by you or profit
and loss for any individual. The purpose of sharing the views is purely educational in nature for paper trading.
SMART PLUS(Weekly)
N L Page : 8
Vol. : 16 Date : 26-7-2021 to 1-8-2021 (Weekly) Issue No. : 47
Updates on Select Stocks
By Vijaya Kittu M, GetPaidIndia.com
By Vijaya Kittu M, GetPaidIndia.com, WhatsApp: +91 98495 19188
The author feels investors need to keep an open eye on their invested stocks’ fundamentals and
technicals. He is on WhatsApp at +91 98495 19188
1. ARVIND FASHIONS subsidiary Arvind Lifestyle Brands made an agreement with V-Mart Retail for
apparel chain stores, warehouse, and inventory is sold for about Rs. 150 crores. Arvind decided
to exit from the business to focus on its six high conviction brands.
2. ASIAN PAINTS
was in the spotlight as COVID second-wave restrictions are coming down, and a potential good
monsoon is on the cards. Raw material costs that escalated in Q1 are now softening. These point
out a potential happy Diwali season for its investors.
3. TATA MOTORS is amongst the top bidders who are in foray for BEML. Meanwhile, Tata Altroz
Electric was upgraded to run 500 kilometres on a single charge. Nexon EV range, which reported
the highest sales in June 2021, was on plans for a model upgrade. TaMo announced having raised
Rs. 500 crores via the issue of NCDs. Reports say that TaMo is increasing its African business
coverage.
4. HERO MOTOCORP introduced the Glamour ‘XTEC’ 125cc BSVI-engine motorcycle. Hero
Motocorp will fall into legal trouble and a potential setback if it uses the ‘Hero’ brand name for its
electric vehicles to be launched at the end of 2021. A 2010 arrangement prohibits 2/3/4-wheelers
of Hero MotoCorp from using the brand. Naveen Munjal’s Hero Electric has the right to this. The
issue surfaced with Ola Electric aggressively getting ready to launch EV models soon.
5. TATA POWER and HPCL have partnered to provide end-to-end EV charging stations at HPCL’s
petrol pumps in multiple cities and major highways across the country.
6. ICICI BANK announced its HPCL co-branded credit card. Last month its ICICI Bank-Amazon
credit cards crossed the 2 million cards issued milestone. With HDFC Bank under RBI restrictions
for credit card issues, both ICICI Bank and SBI Cards are increasing their penetration.
7. KOTAK MAHINDRA BANK signed an MoU with Indian Navy for special salary accounts for both
serving and retired personnel.
8. VEDANTA has a setback after the NCLAT stayed the takeover of Videocon by Vedanta after an
expressed dissatisfaction at the low valuations. The next hearing of this case will be on September
7. Vedanta has invited partnership from cement companies for its by-products.
Two Month Stock Market Training Program
Learn Personal Finance, MF, Re rement and inves ng in Equity shares
Webinar Fee: Rs. 10,000. Training period: Two months, weekends, on Zoom
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SMART PLUS(Weekly)
N L Page : 9
Vol. : 16 Date : 26-7-2021 to 1-8-2021 (Weekly) Issue No. : 47
Aashka Hospitals to expand across
the state of Gujarat with more hospitals soon
BIPIN SHAH
CMD - Aashka Hospital
The importance of the healthcare sector during the Corona epidemic is well understood by everyone
common citizen. And that is why work is now being done in all directions at all levels. There has been
Coronation period. Aashka Hospital has also been active in increasing its capacity and for this it is soon
entering the capital market through SME IPO.
Ashka Hospital is a Tertiary Care Hospital with a capacity of 200 beds in Gandhinagar. It is well known
in North Gujarat. Aashka is set to raise Rs 101 crore through a small and medium enterprise (SME) IPO
in the near future. Cont....
Mr. Bipin Shah will 72977 : HAPPY SMILES
build 1000 bed 47018 : OPD
capacity for which he 18068 : INTENSIVE CARES
will make strategic 4968 : SURGERIES
e-up. For that there
will be management
contract with 35 hos-
pitals across the state
in next 3 years
Corporate Feature
Gandhinagar based Aashka Hospitals
will come out with SME IPO of Rs.101 croreSMART PLUS(Weekly)
N L Page : 10
Vol. : 16 Date : 26-7-2021 to 1-8-2021 (Weekly) Issue No. : 47
Aashka Hospitals Ltd. is the brainchild of Mr. Bipin Shah, a re- “As part of our ex-
nowned visionary and currently the Chairman and Managing Director
of the company. He is also a Director at Calica Construction and Impex pansion plan, Aash-
Pvt. Ltd., a realty developer company and has undertaken several ka Hospital is going
projects in Gujarat. He is a technocrat businessman with a dynamic
approach. He has been instrumental in carrying out the Rs 300 crore
to start 20-50 bed
IT SEZ project in Ahmedabad city. He has also been instrumental in hospitals by mak-
carrying out two major realty projects in Gandhinagar. ing strategic con-
Apart from big cities in Gujarat, the aim of Aashka Hospital is to pro-
vide modern medical facilities to the people in small towns as well, to nec ons in small
towns of Gujarat.
cost to the people. To this end, he has brought together well-known
specialist doctors and has come forward to provide medical facilities
Doing so will allow
on a humanitarian basis throughout the state. pa ents in these
Aashka Hospitals Limited was established on November 9, 2012. small towns to get
After the company became a leader in Gandhinagar, it was trans-
the best healthcare
poration in 2018 under the name Aashka Hospitals Limited. service in or near
Cont.... their hometown. “
Aashka Hospitals has 200 bed capacity in Ter ary
Care and very well known in North Gujarat regionSMART PLUS(Weekly)
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Vol. : 16 Date : 26-7-2021 to 1-8-2021 (Weekly) Issue No. : 47
Equipped with Today, Gujarat has become a leader
state-of-the-art equipment
across the country. Gujarat has tradition-
ally been an industrial state and that is why
the healthcare industry is developing just
as fast here. Most tertiary care hospitals
are spread across four metros in the state.
Tier-2 and Tier-3 cities have good primary
health services, but lack high-quality ter-
tiary care facilities.
“We want to close this gap with the aim
of providing the best level of healthcare
services in Tier-2 and Tier-3 cities,” said
Mr. Bipin Shah, Chairman and Managing
Director, Aashka Hospital.
“As part of our expansion plan, we are
going to start 20-50 bed hospitals in small
towns of Gujarat,” he added. For this,
hospitals in the city. Doing so will allow pa-
tients in these small towns to have access
to modern healthcare services in or near
their hometown and not have to travel to
large cities for better treatment. “
According to our expansion model,
the doctors serving in this hospital will be
available there every day and they will
focus only on treatment, the rest of the
administrative and management operations will be done by Aashka Hospital.
Mr. Bipin Shah is thus determined to build a capacity of 1000 beds through a strategic tie-up.
For this, management contracts will be signed with 35 hospitals in the next two years.
Mr. Bipin Shah expressed confidence that the expansion plan of Aashka Hospital would
go a long way in bridging the gap in healthcare services between big and small cities of
the country.
***SMART PLUS N e w s L etter
(Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 12 Issue No. : 47
NIFTY 50 Index closed the week (as on Friday) on negative note losing 67.35 Points approx
Abhijit Mehta. CERTIFIED FINANCIAL PLANNERCM admehta.02111982@gmail.com
Weekly High: 15899.80 ; Weekly Low: 15578.55 ; Weekly Close: 15856.05
Nifty 50 Index close on upsidelast week bylosingapprox.67.35points.Nifty after opening on weaker note in starting of the
week noticed good pullback from lower levels. Bulls are still not giving up and trying to dominate. Niftydidn’t cross previous week
high and it’s still struggling to make new all time high but not giving up. Nifty can still remain in consolidation range. Buying from
bottom was clearly visible.Volumes are still missing out in index which should be watchful. Stock specific small and midcap rally
is still on. Global markets are still in consolidation mode. Nifty can easily gain 400 to 500 point rally if crosses last week high. Re-
sult season has started so nifty can give movement in coming weeks. Nifty may give breakout above 15960 in coming days.15600
is emerging as a strong support now for nifty. Hedge your position completely as per your risk taking capacity.Nifty may remain
between 15700to16100 this week.
Our Option Strategies
NIFTY: VIEW (NEUTRAL) SUNPHARMA: VIEW (BULLISH)
DR.REDDY: VIEW (BULLISH)
TRADE: EXPIRY 29 JULY 2021 TRADE: EXPIRY 29 JULY 2021
TRADE: EXPIRY 29 JULY 2021
BUY 15600CE @ 180.00 1 LOT BUY700CE @ 4.00 1 LOT
BUY5450CE @45.00 1 LOT
SELL 15900CE @ 55.002 LOT SELL 5550CE @ 18.00 1 LOT SELL 710CE @1.75 1 LOT
BUY 16200CE @ 7.00 1 LOT MAX PROFIT:9125/- MAX PROFIT: 10850/-
MAX PROFIT:6150/- MAX LOSS: 3375/- MAX LOSS: 3150/-
MAX LOSS:3850/- BREAKEVEN: 5477.00. BREAKEVEN: 702.25
BREAKEVEN: 15777 AND 16023. MARGIN REQUIREMENT: 25000APPROX MARGIN REQUIREMENTS: 37000APPROX
MARGIN REQUIREMENT: 45000 APPROX
SENSEX & NIFTY MOVEMENT DURING THE LAST WEEK
BSE-Sensex Open High Low Close Diff
19-07-2021 52,606.99 52,821.17 52,405.89 52,553.40 -586.66
20-07-2021 52,432.88 52,465.03 52,013.51 52,198.51 -354.89
21-07-2021 Bakri Id Holiday NA
22-07-2021 52,494.56 52,867.26 52,471.23 52,837.21 638.70
23-07-2021 52,967.87 53,114.70 52,653.77 52,975.80 138.59
Net Weekly Loss -164.26
NSE - Nifty Open High Low Close Diff
19-Jul-21 15754.5 15836.9 15707.5 15752.4 -171
20-Jul-21 15703.95 15728.45 15578.55 15632.1 -120.3
21-Jul-21 Bakri Id Holiday NA
22-Jul-21 15736.6 15834.8 15726.4 15824.05 191.95
23-Jul-21 15856.8 15899.8 15768.4 15856.05 32
Net Weekly Loss -67.35Subscription Chart
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N L (Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 14 Issue No. : 47
EVERGREEN STOCK INVESTOR
Mr. Mahesh Nathan : Pune- Maharashtra : evergreenstockinvestor@gmail.com
PRAKASH INDUSTRIES
The largest contributor for the Steel demand continues During the year 2020-21, the Company achieved Net Sales of
to be the Construction and Infrastructure sector. The sector Rs. 3216 crores as against Rs. 2974 crores in the previous year.
anticipates growth in near future, owing to Government infra- The EBITDA for the year was Rs. 323 crores in comparison to `
structure projects like Bharatmala, Sagarmala, Atal Mission for Rs. 356 crores in the previous year. After providing for interest,
Rejuvenation and Urban Transformation, setting up of National depreciation and tax, the profit after tax of the Company was
Investment and Manufacturing Zone, Smart cities etc. Further, Rs. 95 crores as against Rs. 118 crores in the previous year,
the rapid investment in the Infrastructure sector is expected which resulted in EPS of Rs. 5.55 in the current year.
to result in a growth in Capital Goods which consumes nearly The steel demand continued to improve in each successive
15% of the domestic Steel production. quarter which helped the Company to achieve highest steel sales
The Automotive Mission Plan 2026 is also expected to volume of 9.55 lakh MT during the year. The Company also added
fuel the Steel demand in auto sector, which is another major capacity in its Steel Melting Shop by commissioning two new
driver for steel demand in the country. The National Steel Policy energy efficient Induction Furnaces. The enhanced capacity now
(NSP) and its emphasis on Government tenders for domesti- stands at 1.25 Mn tonnes per annum. The Company’s Captive
cally manufactured steel & iron products shall also support the Iron Ore Mining operations at SIrkaguttu Mine, Odisha ramped
industry in the coming times. Last but not the least, the current up during the year. The Company achieved annual extraction
low per capita steel consumption and rapid urbanization in the of ~ 4.7 lakh MT, which has resulted in significant cost savings
country shall continue to provide significant potential for growth to the Company.
of the steel sector. The Net Sales at Rs 1,032.01 crore in March 2021 up 59.43%
The mood in the steel industry is upbeat so far as demand from Rs. 647.30 crore in March 2020. Quarterly Net Profit at Rs.
growth in India is concerned as the per capita consumption of 51.66 crore in March 2021 up 185.57% from Rs. 18.09 crore
steel in India is significantly low, which leaves room for growth. in March 2020. EBITDA stands at Rs. 106.76 crore in March
In India, it stands at around 78 kg compared to a global aver- 2021 up 28.81% from Rs. 82.88 crore in March 2020. Prakash
age of 225 kg. Further, the National Steel Policy 2017, which Industries EPS has increased to Rs. 3.00 in March 2021 from
has laid down a roadmap for achieving long term growth in Rs. 1.05 in March 2020.
the Indian steel industry, both on the demand and supply side, The Indian steel industry is also expected to remain buoy-
will continue to aim to increase demand of steel in the country ant amidst strong domestic demand recovery, accommodative
by targeting the domestic per capita steel consumption at 160 government policies and export opportunities. Further, the full
kgs by the year 2030-31. The Government’s focus on infra- scale operations from the captive Iron Ore mine at Sirkaguttu,
structure spending, expansion of housing and manufacturing Odisha in 2020-21 is expected to help the Company to largely
sector, road and railway projects will also fuel the demand for insulate itself against the volatility of Iron Ore prices. Furthermore,
steel in the country. the Company had received from Chhattisgarh Government the
Prakash Industries Ltd was founded in the year 1980 with a Grant Order for Iron Ore mining lease in District : Kabirdham
focused vision in the core competence areas of Mining, Steel (Kawardha), Chhattisgarh.
and Power. Prakash Industries Ltd. is rapidly carving its niche Being the cash rich and debt free company with growth in
in the Indian steel industry, and has emerged as one of the key net profits with increasing profit margin with increase in revenue
producers of value added steel products in the country. For every quarter with increase in profits attracts the investors to
highest value addition, the company has always laid emphasis make the investment in this prospective company in the long
on forward &backward integration. The company has stayed run to gain good capital appreciation. Recently our honourable
well aligned with economic trends and the market needs in prime minister shri. Narendra modi announcement on Production
the country, a result of which has been excellence in a diverse linked incentive scheme for speciality steel production with the
range of products, rapid growth, strong financial foundations approval of Rd. 6322 crores under Prime Minister Atmanirbhar
and a bright future outlook. initiative acts as a great booster to this stock.SMART PLUS
N L (Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 15 Issue No. : 47
Rapid Fire Stocks
Kalpna J (Email- Kjtech79@gmail.com)
(Ring : 97690 37711) Twi er : @Kj_TechTrades
DEEPAK NITRATE
BUY AT CMP 1927 TARGETS - 2333 TO 2555 (ADD IN ALL DIPS)
Q2 CONS NET PROFIT 1.7B RUPEES VS 1.5B (YOY); EST 1.8B ||
Q2 CONS REVENUE 9.87B RUPEES VS 10.03B (YOY)
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 3701.09 Crore) operating
in Chemicals sector. Deepak Nitrite Limited is an India-based company. The Company is a manufacturer of organic, inorganic, fine and
specialty chemicals, and is a business partner of chemical worldwide in pharmaceutical, agro, rubber, colorants and imaging chemicals. It
also manufactures of xylidines and cumedines. The company has four manufacturing facilities at different locations in the western part of
India -one at Nandesari in Gujarat and three at Pune, Taloja and Roha in Maharashtra. The company was incorporated in the year 1970.
The Company operates in three business segments: organic intermediates, inorganic intermediates, and fine and specialty chemi-
cals. The Organic Intermediates segment consists of nitro aromatic plants and also multi-purpose aromatic amines plant based on catalytic
hydrogenation technology. The Fine and Specialty Chemical segment produces a range of effect chemicals for the needs of speciality
producers. These include colour intermediates for optical brighteners.
During the year the 1984-1985, the company started to manufactured 3000 TPA concentrated nitric acid and in the same year the
company commissioned its hexamine plant. During the year, the company acquired 31 acres of land in village Kareli in District Bharuch.
During the year 1986-1987, the company started the production of new items namely, Guanidine Nitrate and Hydroxylamine Sulphate.
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED
BUY AT CMP 472 TARGETS - 555 TO 650 (ADD IN ALL DIPS)
They are one of the leading consumer companies in India with a 75+ years old brand legacy. As of February 2016, we are an inde-
pendent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. We market
our products under the “Crompton” brand name in India and select export markets.CG Power and Industrial Solutions Limited, previously
known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products
related to power generation, transmission, and distribution. It is based in Mumbai and a part of the Murugappa Group. The company was
restructured in 2016 following the demerger of its consumer goods business
Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015 is operating in Consumer Durables sector. Crompton
Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables, Lighting Products, Scrap, Sale of
services and Export Incentives for the year ending 31-Mar-2021.For the quarter ended 30-06-2021, the company has reported a Standalone
Total Income of Rs 1,070.08 Crore, down 30.63 % from last quarter Total Income of Rs 1,542.65 Crore and up 44.86 % from last year same
quarter Total Income of Rs 738.68 Crore. Company has reported net profit after tax of Rs 94.76 Crore in latest quarter.
Rapid Fire Stocks
For My Personal Assistance with My Elite Membership
At a Nominal Cost Whatsapp @ 9769037711
For My Free Stock Ideas Follow me on Twi er @Kj_TechtradesSMART PLUS
N L (Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 16 Issue No. : 47
Investment Points - Nikhil Bhatt (Jamnagar)
Dear Traders…. For the Trading Period on 26.07.2021 TO 30.07.2021
NIFTY FO CLOSED @ 15853 AS ON 23.07.2021
NIFTY FO Range @ 15676 TO 15909 Point In Short Term…!!!
Nifty Future has resistance at 15888 – 15909 Point; above which other resistance levels are at 15919 - 15949 Point
with highly Volatile Trend, Nifty Future has Downside support levels are at 15808 – 15770 Point; below 15770
Point, other support levels are at 15707 - 15676 Point.
I am positive for the next bullish trend only above @ 15909 Point but be with the trend. Let the market decide
further moves. As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy
in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!
If Nifty Future crosses @ 15909 Point, again then the upper side target is quite high and it may touch @ 15919
Point in the short term...!!!
BANK NIFTY FO CLOSED @ 35040 AS ON 23.07.2021
BANK NIFTY FO Range @ 34676 TO 35404 Point In Short Term…!!!
Bank Nifty Future has resistance at 35188 – 35232 Point; above which other resistance levels are at 35373 -
35404 Point with highly Volatile Trend, Bank Nifty Future has Downside support levels are at 34808 – 34676
Point; below 34676 Point, other support levels are at 34606 – 34575 Point.
I am positive for the next bullish trend only above @ 35404 Point but be with the trend. Let the market decide
further moves. As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy
in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!
If Bank Nifty Future crosses @ 35404 Point, again then the upper side target is quite high and it may touch @
35474 Point in the short term...!!
Golden Stocks For Trading For the date - 26.07.2021 to 30.07.2021
1. GRASIM IND. FO ( 1550 ) : It is suggested to Buy @ Rs 1537 with SL of Rs 1530 for the target of Rs 1563 –
1577; below Rs 1530 it can fall up to RS 1517 – 1503 levels. If it crosses Rs 1577 level than expect nonstop
rally up to Rs 1590....!!
2. LUPIN LTD FO ( 1175 ) : Trading point of view Buy @ Rs 1160 With SL of Rs 1144 for the target of Rs 1188 –
1203 level below Rs 1144 It can show further downfall up to Rs 1140..!!!
3. ADANI PORT FO ( 676 ) : Buy @ Rs 663 levels considering minor support of Rs 656 and stop loss of Rs 650
for an upper target of Rs 696 – 707 levels. Below Rs 650 it can slip up to RS 644 – 640 levels…!!!
4. TVS MOTOR FO ( 581 ) : Buy @ Rs 573 levels considering minor support of Rs 567 and stop loss of Rs 560 for
an upper target of Rs 593– 603 levels. Below Rs 560 it can slip up to RS 553 – 547 levels…!!!
5. LARSEN LTD FO ( 1600 ) : It is suggested to Sell with SL Rs 1633 for the target of Rs 1588 – 1573 below @
Rs 1573 it can slip up to Rs 1566 – 1560 level. Above Rs 1633 level will take the stock to Rs 1640 – 1656…!!!
6. HCL TECHNO. FO ( 987 ) : It is suggested to Sell @ Rs 1008 with SL of Rs 1013 for the target of Rs 970 – 963;
below Rs 963 it can fall up to RS 955 – 947 levels. If it crosses Rs 1013 level than expect nonstop rally up to Rs
1022..!!
7. M & M FO ( 764 ) : It is suggested to Sell with SL Rs 777 for the target of Rs 757 – 750 below @ Rs 750 it can
slip up to Rs 744 – 737 level. Above Rs 777 level will take the stock to Rs 783 – 790...!!!
8. WIPRO LTD FO ( 597 ) : It is suggested to Sell @ Rs 606 with SL of Rs 613 for the target of Rs 586 – 580 below
Rs 580 it can fall up to RS 573 – 567 levels. If it crosses Rs 613 level than expect nonstop rally up to Rs 620....!!
Note :- Before act Please Agree Disclaimer, Terms & Condition, Privacy Policy & Agreement on https://www.nikhilbhatt.inSMART PLUS
N L (Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page :17 Issue No. : 47
NEXT WEEK TRADING STRATEGY. NEXT WEEK 26 JULY TO 31 JULY. TRADING STRAT-
Arunkumar : arunrangpariya@yahoo.co.in
LAST WEEK PERFORMANCE UPDATE..
Our Target done in SBI 421, sell at 431
Our Target done in COFORGE 4480, sell at 4540
Our Target done in ITC 211, Buy at 205
Our Target done in INDUS BK 1010, sell at 1045
NIFTY & BANKNIFY also achive our Target
Delivery both cal IEX and Maninfra given superb return
INDEX Buy NIFTY Fut Above 15840 TGT 16020-16150 SL 15700
Sell NIFTY Fut Below 15700 TGT 15580-15480 SL 15840
Buy BANKNIFTY Fut Above 35000 TGT 35380-35600 SL 34720
Sell BANK NIFTY Fut Below 34750 TGT 34450-34300 SL 35020
FUTURE Sell MINDTREE Fut Below 2730 TGT 2698-2670 SL 2755
Buy BPCL Fut Above 460 TGT 472-480 SL 650
Sell ULRATECH Fut Below 7500 TGT 7420-7360 SL 7560
Buy RBLBK Fut Below 203 TGT 208-211 SL 199
DELIVERY CALL Buy THOMAS COOK Near 59 TGT 67-71 SL 54
Buy PNB Near 40 TGT 43.50-45 SL 37.50
Markets have reached to the life me high
levels & many stocks have reached in overbought
zone & profit booking will be witnessed.
In coming days only selec ve stocks will run the bull rally.
If you want to know which selec ve
stocks will run the rally going ahead ?
Join Equity 99 Telegram Channel
h ps://t.me/equity99SMART PLUS
N L (Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page :18 Issue No. : 47
BAAJ NAJRE
Paras K.Ghelani (PG), Research Analyst
RISE THROUGH VALUEBUYING IN COMING DAYS
SMALLCAP SHARES MAY GIVE SOLID RISE…
# HOT WEEKLY STOCK FUTURES:
1) SUN PHARMA (695.40): RS. 682 STOPLOSS… IT MAY TOUCH 711 TO 729…
2) LUPIN (1176.60): RS. 1160 STOPLOSS… IT MAY TOUCH 1206 TO 1242…
3) JSW STEEL (718.50): RS. 702 STOPLOSS… IT MAY TOUCH 729 TO 738…
4) AURBINDO (963.80): RS. 955 STOPLOSS… IT MAY TOUCH 981 TO 990…
5) RELIANCE (2104.60): RS. 2090 STOPLOSS… IT MAY TOUCH 2133 TO 2160…
6) HDFC BANK (1145.50): RS. 1127 STOPLOSS… IT MAY TOUCH 1179 TO 1197…
7) TATA MOTORS (295.45): RS. 288 STOPLOSS… IT MAY TOUCH 306 TO 315…
8) ZEE (205.85): RS. 199 STOPLOSS… IT MAY TOUCH 216 TO 225…
9) INDUS IND BANK (991.70): RS. 975 STOPLOSS… IT MAY TOUCH 1017 TO 1035…
10) M&M (764.25): RS. 752 STOPLOSS… IT MAY TOUCH 792 TO 828…
11) LIC (454.90): RS. 451 STOPLOSS… IT MAY TOUCH 477 TO 504…
# HOT DELIVERY BASED SHORT TERM STOCK :
1) CPL (536974) (35): RS. 32 SL… THROUGH SOLID RISE WE MAY SEE 39 TO 45…
2) GG ENGG (540614) (26.20): RS. 23 SL… ROCKET LIKE MOVEMENT UPTO 30 TO 33…
3) VISHWARAJ SUGAR (149.95): RS. 141 SL…. BIG UPSIDE SOON UPTO 171 TO 189…
DISCLAIMER: THIS IS FOR EDUCATIONAL PURPOSE & AUTHOR’S PERSONAL VIEW,TAKE INVESMENT DECISION AT YOUR END.
FII & DII Activity from 19-7-2021 to 23-7-2021
FII Activity DII Activity
Date BuyValue SellValue NetValue Date BuyValue SellValue NetValue
19-07-21 6366.78 8565.49 -2198.71 19-07-21 5913.3 4865.64 1047.66
20-07-21 4276.7 7111.66 -2834.96 20-07-21 5675.86 4802.72 873.14
21-07-21 Holiday 21-07-21 Holiday
22-07-21 8329.28 8576.87 -247.59 22-07-21 6386.46 5443.91 942.55
23-07-21 7663.49 7826.8 -163.31 23-07-21 7415.99 5228.19 2187.8
TOTAL 26636.25 32080.82 -5444.57 TOTAL 25391.61 20340.46 5051.15SMART PLUS
N L (Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page :19 Issue No. : 47
TRINITY STOCKS
VAIBHAV SHINKAR (VADODARA)
Invest in these stocks for time frame of 1-5 weeks. These are technically strong stocks based on
technical indicators like RSI, ADX and Bollinger Bands.
THIS WEEK’S RECOMMENDATION
STOCK RECOMMENDED RATE TARGET STOP LOSS
HDFC BANK 1442.75 1480 1420
BHARTI AIRTEL 548.30 575 530
TCS 3212.85 3300 3180
LAST WEEK’S RECOMMENDATION
Stock Recommended Rate Weekly High Returns in Last Week
PNC Infra 317.1 329 3.8%
Tarmat 78.35 98.1 25.5%%
Sutlej Textile 74.5 81 8.72%
Disclaimer-The analyst is not a SEBI registered analyst. Views expressed here are only for educational purpose. Please consult your financial advisor
before taking any investing decision.
BETWEEN THE LINES
RAVI B GUPTA (SEBI REGISTERD RESEARCH ANALYST)
We had seen a sharp correction from top resistance in market in both Nifty and BankNifty. As compared to nifty, BankNifty corrected
more, and after one holiday market bounced back from weekly support, And again Nifty trading near its weekly Resistance.
As provided in last weeks article 3 out of 4 recommendation were gome perfect and position converted in to good profit. ICICIPRULI has taken
its 3rd target too.
By analysing last weeks data it seem like BankNifty recovered on the back of short covering. There is lack of fresh buying on higher range. Traders
as well as Investors are fearing to entre a fresh due to low VIX and parliamentary changes in policies.
But for the next week I have studied some data and charts which may help all of us to earn profit with proper hedging.
(1) BANKNIFTY :
Buy 35500CE around 100 Rs (29/07/2021)
Sell 35500 CE around 300 Rs (05/08/2021)
Maximum Capital require 50000 Rs
Maximum loss 2500 * Maximum profit 5000
Make this position in a way that you can receive 200 points net premium.
(2) AUROPHARMA : From last 2 weeks all pharma stocks are consolidating in a narrow range. Only selected stocks have moved up
on the back of vaccination news. If this stocks starts moving above 983 and closed above 988 then target will be 1000, 1020 and
1050 within a week. On the opposite side if this stock breaks 960 levels then we can see 935 and 905 levels too.
(3) ULTRACEMCO : All the cement stocks rallied 15 to 20% in last 1.5 months and having strong fundamentals too. But observing daily
chart and options data, this rally may take a pause here. Buy 7500 PE near 60 stoploss will be 0 and target aiming at 200,280 and
400 within a week frame.
(4) SBIN : This stock return from 415 by taking support and having stong volume near resistance shows that it ready to move towards 436
442 and 450 targets, currently traded at 429 levels. SL for long position is 420 Rs. Call premiums are higher than usual because of
result seasons and monthly expiry.SMART PLUS N e w s L etter
(Weekly)
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 20 Issue No. : 47
This week all eyes on...
July 26 : Q1FY22 Results : Axis Bank, SBI Life, Kotak Bank, L&T, M&M Fin., Navin Flourine, Tata Motors
July 27 : Q1FY22 Results : Can Bank, Dalmia Bharat, Dr. Reddy, Granules India, Indusind Bank, IndiGo,
July 28 : Q1FY22 Results : Coforge, MGL, Maruti, Nestle, PFIZER, UBL, SRF
July 29 : Q1FY22 Results : Ajanta Pharma, Concor, Deepak Nitirte, PVR, LIC Housing Fin.
& July F&O Expiry
July 30 : Q1FY22 Results : Bandhan Bank, Britannia, Chola Invest, IOCL, Lalpath, UPL, Marico, Sun Pharma
Markets likely to open flat to negative note on Monday
Overall markets to remain highly volatile due to F&O expiry week
Result related stocks to remain in focus as
more than 400 corporate results to announce this week
Stock Picks Stock Watch Fundamental Stocks Technical Shares
Ultratech Cement 7490.00 BPCL 461.00
EID Parry 412.00
Tata Metalicks 1262.00 Intellect Design 853.00 HDFC Bank 1443.00
Havells India 1144.00
Atul Ltd. 9254.00 Finolex Cable 526.00 Infosys 1590.00
Ramco Cement 1095.00
Coromandal INt. 868.00 Apr Ind. 613.00 Pennar Ind. 38.00
Info Edge 4841.00
Tata Consumer 725.00 Zensar Techno 376.00 Cyient 1000.00
Guj. Flouro 1572.00
IRCTC 2325.00 Aptech 240.00 HDFC Life 665.00
SRF 7902.00
Britannia 3430.00 Mahindra Life 721.00 Ambuja Cement 402.00
L&T Info 4360.00
Apollo Pipes 1161.00 Guj. Gas 730.00 Wipro 599.00
Persistant Sys. 3039.00
MFSL 1081.00 Godrej Consumer 960.00 Apollo Hospital 3919.00
ACC 2338.00
Colgate 1795.00 Arvind Fashion 197.00 L&T 1611.00
Voltas 1045.00
Pidilite 2306.00 Bajaj Ele. 1122.00 Mastek 2716.00
Jubilant Food 3569.00
Alkaly Amines 4025.00 Tata Moors 295.00 ICICI Bank 676.00
Page Ind. 33376.00 Godrej Properties 1562.00 Dabur India 587.00
Abbott India 17815.00
Mid Cap Stocks Small Cap Stocks
Sell Stocks Mirza Intl. 63.00
Kanpur Plast 271.00
Ajanta Soya 108.00 Adani Enter. 1403.00 Godavari Drugs 77.00
JSW Energy 240.00 Hero Moto 2835.00 Mukand 136.00
Burger King 178.00 Biocon 398.00 JK Tyre 142.00
Hind. Copper 144.00 Adani Port 680.00 Sail 126.00
I.B. Real 170.00 Apollo Tyre 226.00 Balaji Tele 72.00
Manappurm Fin. 195.00 HUL 2358.00 Guj. Ambuja Export 185.00
Asian Granito 179.00 SBI 429.00 GIPCL 98.00
Jayshree Tea 122.00 Tata Steel 1280.00 Rico Auto 56.00
REC 152.00 Grasim 1550.00 UFO 103.00
Asian Hotel 208.00 Ibibeam 45.00 Max Venture 89.00
Reliance Chemotex 151.00 IIFL Wealth 1317.00 Usha Martin 68.00
Tamilnadu Petro 134.00 CIPLA 950.00 Adani Power 100.00
Pennar Ind. 38.00
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 jurisdictionSMART PLUS (Weekly)
N L
Page : 21
Vol. : 16 Date : 26-7-2021 to 1-8-2021 (Weekly) Issue No. : 47
Primary Market - Dilip K. Shah
Amid Corona pandemic, the Indian Share Markets have scaled new pics with be er performance
To reap the benefit of the bullish wave in the secondary market,
a number of companies may raise huge funds through IPOs
Earlier in 2017, Rs. 75,000 crore were raised: in 2021 ll now Rs. 51000 crore have been raised
Taking into considera on Rs. 60,000 crore IPOs in pipeline,
the total fund raised may cross Rs. 1 lakh crore in next five months
Tatva Chintan IPO got 180 mes subscrip on: If allotment is done consider it as a lo ery
This week one more mainboard IPO and Three SME IPOs to enter the market
Glenmark Life ‘ IPO with price band of Rs. 695 to Rs. 720 to enter the market on July 27
Zomato got listed with 52% premiums, Clean Sciences with 95% and GR Infra with 105% premiums
BSE SME IPO of Gretex Corp with fixed price of Rs. 170 to enter on July 27 and exit on July 30
NSE SME IPO of Rex Piepes and Network Peopls to open on July 28 and close on August 2
Rajkot based Rolex Rings plans Rs. 700 crore IPO with offer price of Rs. 970
- How much subscrip on will Glenmark Life Sciences get? How and when will be refund,
allotment and lis ng?
- In last 1 year total 34 IPOs got listed : Out of 10 companies 09 are being traded in green
- What next a er lis ng of Zomato, Clean Sciences and GR Infra?
- BSE SME IPO of AA Plus Tradelink got listed in discount
- Piramal’s NCDs issue closed: IIFL Home’s NCDs issue will close on July 28
Cont...
Grey Markets Premium
Name (Rs.) (Rs.) *Min. Appl. Sauda
Tatva Chintan 1073-1083 1020 to 1025 350 8000 to 8200
Glenmark Life 695 to 720 120 (Seller) 300 to 350 2000 to 2200
Rolex Rings -- 550 to 560 -- --
Don’t subscribe IPO only on the basis of Grey premium.
Before Investing check the fundamentals of IPOsSMART PLUS
N L (Weekly)
Page : 22
Vol. : 16 Date : 26-7-2021 to 1-8-2021 (Weekly) Issue No. : 47
Main - line IPO (Non SME)
Sr Company Issue Open Dt. Issue size Offer price Min. Lis ng Lead Manager Ra ng Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. (Out of 50)
1. Glenmark 27-7-2021 Fresh Issue : Rs.1060 Cr. 695 to 720 20 Shares BSE BoA Merrill Lynch, BOB Capital,
36%
Life 29-7-2021 OFS : Rs. 453.60 Cr. (F.V. Rs. 2) (Rs.14,400) NSE DAM Capital, Goldman Sachs, Long Term
Sciences Total : Rs. 1513.60 Cr. Kotak Mah., SBI Capital
2. Rolex 28-7-2021 Fresh Issue : Rs.70 Cr. -- BSE Equirus Capital Pvt. Ltd. N.A.
Rings 30-7-2021 OFS : 65,00,000 Eq. (F.V. Rs. 10) NSE IDBI Capital, J.M. Financial
NSE SME IPO
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Network 28-7-2021 17,12,000 Eq. 76 to 80 1600 Eq. Shares BOI Merchant
30%
WAIT FOR LISTING
People 2-8-2021 (Rs. 13.70 Cr.) (Rs. 1,28,000) Holani Conslt.
2. Rex 28-7-2021 24,00,000 Eq. 26 4000 Eq. Shares Navigant NEXT WEEK
Pipes 2-8-2021 (Rs. 6.24 Cr.) (Rs. 1,04,000) Corporate
BSE SME IPO
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Gretex 27-7-2021 3,01,600 Eq. 170 800 Eq. Shares Aryaman 28%
AVOID
Corporate 30-7-2021 (Rs. 5.13 Cr.) (Rs. 1,36,000) Financial
Lis ng Informa on of BSE SME & Main Line IPOs
Co. Name BSE Lis ng Offer Lis ng Lis ng Lis ng Lis ng CMP
Code Date Price Price Day Day Day
(Rs.) (Rs.) High Low Close 23-7-21
Zomato Limited 543320 23-07-21 76 115 138 114 125.85 125.85
AA Plus Tradelink 543319 21-07-21 18 17.5 17.5 17.5 17.5 16.65
Clean Science and Tech. 543318 19-07-21 900 1784.4 1784.4 1555 1585.2 1634.25
G R Infraprojects 543317 19-07-21 837 1700 1838.8 1550 1746.8 1730.55
Tenta ve Timetable for Various IPOs
Tatva Glenmark Rolex Gretex Network
Chintan LIfe Rings Corporate People
Issue closes on 20-7-21 29-7-21 30-7-21 30-7-21 2-8-21
Finaliza on of Basis of Allotment 26-7-21 3-8-21 4-8-21 4-8-21 5-8-21
Refunds 27-7-21 4-8-21 5-8-21 5-8-21 6-8-21
Credit of Equity Shares 28-7-2021 5-8-2021 6-8-21 6-8-21 6-8-21
Lis ng 29-7-2021 6-8-2021 9-8-21 9-8-21 10-8-21
Subscription gure of Primary Market’s data from last 7 Years
Year IPO Fund FPO Fund Total
Tatva Chintan Main Line IPO Raise Raise Funda
No. Shares Issue Subscribed (x) (Rs. Cr.) (Rs. Cr.) Raise
Offered/ 16-7-21 19-7-21 20-7-21 2015 21 13513 - - 13513
Reserved 2016 26 26501 - - 26501
2017 38 75279 - - 75279
QIB 9,31,966 0.50x 1.97x 185.23x
2018 24 31731 - - 31731
NII 6,98,975 1.14x 12.21x 512.22x 2019 16 12687 1 4750 17437
Retail 16,30,941 8.24x 23.74x 35.35x 2020 15 26628 2 19500 46128
Total 32,61,882 4.51x 15.05x 180.36x 2021* 26 39811 3 11535 51346SMART PLUS (Weekly)
N e w s L etter
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 23 Issue No. : 47
Grey Market Movement
Grey Market witness hustle bustle due to long queue of IPO in the primary market
Tatva Chintan premiums sky rocketed to double compared to offer price
Glenmark Life Sciences premiums are under pressure and are in seller circuit
Grey Market players ac ve in Rolex Rings IPO even before announcement
As the companies have queued up in the primary market with IPOs, the grey market is witnessing
hustle bustle.
Tatva Chintan :- The premiums are around Rs. 1020/1025, which are closer to the offer price. In
and subject to rates are Rs. 8200.
Glenmark Life Sciences :- The premiums were Rs. 300 at one point but went down to Rs.120 and
are now around seller’s 120. Interest rates are 250-300 and subject to rates are 2000/2200.
Rolex Rings :- There is no official announcement regarding opening of the issue yet. Still the grey
market players have become active in this issue and huge deals are taking place. The premiums started
around Rs. 400 and went up to Rs. 580 and are now around Rs. 550-560. There is no deal in interest
rates or subject to rates. As the company belongs to Rajkot, the grey market may witness high volatility
in premiums.
Non Convertible Debenture (NCD) Issues at a Glance
Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
6-7-2021 Base Size Rs.100 Cr. 1,000/- 10 NCDs BSE
1. IIFL 28-7-2021 with an option to Retain (Rs.10,000) NSE Crisil AA/Stable
Home Oversubscription up to Lead manager : BWR AA+/Negative RISKY
Finance Rs. 900 Cr. Equirus Capital Pvt. Ltd.
(Aggregating up to Rs. Trust Investment Advisors
1000 Cr.)
Subscription gure of Subscription gure of
IIFL Home Finance NCDs
Bumper returns from Piramal Capital Housing Fin.
Category No. of Bond Issue IPO in last 5 years Category No. of Bond Issue
Co. Name Offer Lis ng Current
Offered/ Subscribed Issue Closed on Offered/ Subscribed
Price Price Price
Reserved 23-7-21 19-7-21 Reserved 19-7-21
Avenue Super 299 604.40 3412
Category I 1,00,000 0.12x Ins tu onal 2,00,000 0.00x
CDSL 149 250 1355
Category II 1,00,000 10.69x Non Inst. 2,00,000 1.27x
Happiest 166 351 1395
Category III 4,00,000 5.32x HNI 8,00,000 6.46x
IRCTC 320 644 2325
Category IV 4,00,000 9.04x Retail 8,00,000 3.72x
Route Mob. 350 708 2137
Total (Base Issue) 10,00,000 6.83x Total (Base Issue) 20,00,000 4.20x
Gujarat based IT company
Naapbooks Ltd. Coming up with IPO on BSE Startup pla orm
platform to launch IPO. This IPO may open in first week of August. The company provides services
like Fintech applications, Embedded (IOT) applications and Cloud implementation. Currently company
has 15+ products, 500+ clients and 100+ projects in its hands.SMART PLUS (Weekly)
N e w s L etter
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 24 Issue No. : 47
Glenmark Life Sciences Main Line IPO
Opens on 27th July & Closes on 29th July, 2021
Offer price Rs. 695 to 720; Lis ng on BSE NSE Pla orm
It’s a part of Glen mark group & Manufactures specialized products
On Valua on front offer is fully priced compared to peers
Considering proven track record of strong financial performance
Investors may subscribe for long term prospec ve in the IPO
Incorporated in 2011, Glenmark Life Sciences is the leading manu- Financial Performance : Consolidated Basis
Par culars (Rs. Cr.) FY 19 FY 20 FY 21
facturer of Active Pharmaceutical Ingredients (APIs). The company
Total Revenue 886.87 1549.30 1885.98
develops, manufactures, and supplies high-quality APIs for cardio-
vascular disease (CVS), central nervous system disease (CNS), pain EPS 24.64 29.04 32.61
management, and diabetes, gastrointestinal disorders, anti-infective, RONW (%) 99.25 77.94 46.71
and other therapeutic areas. It further operates in Contract Development and manufacturing operations (CDMO)
to multiple countries i.e. Europe, North America, Latin America, Japan, etc. Currently, it has 4 manufacturing
facilities at Ankleshwar and Dahej in Gujarat and Mohol and Kurkumbh in Maharashtra State with an aggregate
annual installed capacity of 725.8 KL as of December 31, 2020.
Issue Details
• Issue Opens on 27th July & Closes on 29th July
• Object of the issue :
from the promoter into the company. Finance capital expenditure requirements and meet general corporate purposes
• Issue Sie : Fresh Issue Rs. 1060 Cr., OFs : 63,00,000 Eq. Shares, Total Size : Rs. 1513.60 Cr.
• BRLM : BoA Merrill Lynch, BOB Capital Markets, DAM Capital Advisors, Goldman Sachs, Kotak Mahindra Capital
Company Limited, SBI Capital Markets Limited
• Registrar : KFintech Pvt. Ltd. • Company management : Glenmark Pharma Ltd.
• Pre Issue Promoter Holding : 100% • Post Issue promote Holding : 82.84%
• Issue constitutes 17.16% of the post issue paid up capital
• Average of last 3 Yrs. EPS Rs. 30.09 & RONW : 65.88%
• Pre IPO Equity Capital Rs. : 21.56 Cr. • Post IPO Equity Capital Rs. 24.51 Cr.
• Pre IPO P/BV Ratio : 10.31 (NAV : 69.82) (31-3-21) • Post Issue : P/BV Ratio : 4.87 (NAV : 147.95)
• Post IPO asking P/E on fully diluted equity : 51.30
• BRLM’s Performance : This is 28 Issue from BRLM in last 3 years. In Last 27 listing : 19 Issue Opened with premium
price & 8 Issue opened with Discount.
OTHER SIDE OF THE COIN
• Average cost of acquisition of equity shares held by the promoter selling shareholders is Rs. 0.14 per equity
to Rs. 3600 per share.
• There is a big fall (around 50%) in RONW in FY 19 RONW was 99.25% which came down to 46.71% in FY21.
• Company does not own brand name trademark & logo is also registered in the name of promoters.
Recommendation : On valuation front offer is fully priced compared to peers like laurus labs. Shilpa
Medicare, Aarti Drugs and Solara active pharma. However considering good track record of financial
performance with strong profitability margin, R&D infra, Specialized APIS products & expansion plans,
investors may subscribe for long term prospective in this IPOSMART PLUS (Weekly)
N e w s L etter
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 25 Issue No. : 47
Gretex Corporate Services BSE SME IPO
Opens on 27th July & Closes on 30th July, 2021
Offer price Rs. 170; Lis ng on BSE SME Pla orm
There is setback in FY20 & inconsistency in its financial performance
On Valua on front offer price is expensive compared to peer
Investor may avoid this IPO which is s ll in ‘RED’ even a er surprising jump in FY21
Incorporated in 2008, Gretex Corporate Services Ltd is a financial Financial Performance : Consolidated Basis
Par culars (Rs. Cr.) FY 19 FY 20 FY 21
and consultancy service provider in India. It is a SEBI registered
Total Revenue 3.15 1.45 3.25
merchant banker that key business activities include fund raising
management activities, investment advisory, underwriting of issues, EPS 3.84 -24.49 7.44
corporate advisory services, and more. Initially, the company has RONW (%) 4.70 -42.86 9.80
Issue Details
• Issue Opens on 27th July & Closes on 30th July
• Object :
• Issue Sie : Fresh Issue Rs. 4.04 Cr., OFS : Rs. 1.09 Cr, Issue Size : 3,01,600 Eq. Shares (Rs. 5.13 Cr.)
• BRLM : Aryaman Financial Services limited • Market Maker : Intellect Stock Broking Ltd.
• Registrar : Bighsare Services Pvt. Ltd.
• Company Management : Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP
• Pre Issue Promoter Holding : 100% • Post Issue promote Holding : 73.48%
• Issue constitutes 26.52% of the post issue paid up capital
• Average of last 3 Yrs. EPS Rs. -3.80% & RONW : -8.60%
• Pre IPO Equity Capital Rs. : 0.90 Cr. • Post IPO Equity Capital Rs. 1.14 Cr.
• Pre IPO P/BV Ratio : 2.44 (NAV Rs. 69.78) • Post Issue P/BV Ratiol : 1.87 (NAV Rs. 90.72)
• Pre IPO P/E Ratio : Negative • Post IPO asking P/E of fully diluted Equity : 28.10
• Industry Peer group PE Ratio : 22
• BRLM’s Performance : This is 14 th Issue from BRLM in last 3 years. In Last 10 listing : 9 Issue Opened with
premium price & 1 Issue opened with Discount.
OTHER SIDE OF THE COIN
• The average cost of acquisition per equity share to promoter is Rs. 6.06 & Rs. 33.33 and selling shareholder
• Apart from initial equity issue at par, company has raised further equity in the price range of Rs. 82 to 100
per share between March 2009 and July 2020
• It has also issued bonus shares in the ratio of 2:1 in July 2013
• The company is engaged in highly competitive segment.
• Due to tiny equity capital, it will take longer duration to migrate is the main board.
• Sudden jump in Top & Bottom line of FY21 is surprising.
• Last three years average EPS & RONW is negative but NAV is positive and that is because of heavy pre-
mium collections for the issue of equity share to built up NAV
Recommendation : There is inconsistency in financial performance & there is a Set-
back in FY20. FY 21 results are surprising & even though company is RED. On valuation
front IPO is very expensive compared to peers. Investors may avoid this IPOSMART PLUS (Weekly)
N e w s L etter
Vol. : 16 Date : 26-7-2021 to 1-8-2021 Page : 26 Issue No. : 47
Network People Services Technologies
Issue Opens on 28th July & Closes on 2nd August, 2021
Price Band Rs. 76 to 80; Lis ng on NSE SME Pla orm
It has an inconsistent & poor financial track record
On valua on front issue is expensive & aggressively priced
Considering these parameters there is no harm in Skipping this Offer
Incorporated in 2013, Network People Services Technologies (NPST ) is a banking technology
service provider that offers software and mobility solutions to the banking and finance sector. The
company offers digital transformation solutions i.e. IMPS, Digital Wallet, UPI, and other smart art
solutions. The company further offers software designing, consulting, development, and manpower
for the cashless economy. For instance, TimePay digital platform provides digital payment solutions
i.e. UPI, mandate solutions, QR-based payments, etc. TimePay society is a platform that provides
comprehensive solutions to manage society relations, accounting, security, user merchants, vendor
relations, and more. TimePay digital merchant is a platform for offline merchants to grow and scale
their business using technology. Financial Performance : Consolidated Basis
Issue Details Par culars (Rs. Cr.) FY 19 FY 20 FY 21
Total Revenue 17.99 15.19 15.34
• Issue Opens on 28th July & Closes on 2nd August 2021
• Object : Develop mobile application in the name of “TimePay”, EPS 3.00 2.31 2.35
RONW (%) 29.30 18.45 15.81
Acquire IT hardware and equipments.
• Issue Size : 17,12,000 Eq. Shares (Rs. : 13.70 Cr.)
• Minimum Lot Size : 1600 Shares • Listing on NSE SME Platform • BRLM : BOI Merchant, Holani
Consultants
• Registrar : Link Intime (I) Pvt. Ltd. • Management : Deepak Chand Thakur, Ashish Agarwal, and
Savita Vashist
• Pre Issue Promoter Holding : 91.90% • Average of last 3 Yrs. EPS Rs. 2.445% & RONW : 18.94%
• Pre IPO P/BV Ratio : 5.37 (NAV Rs. 14.89) • Pre IPO P/E Ratio : 34
OTHER SIDE OF THE COIN
• The average cost of per equity shares to the promoters is only 0.0725 & 1.9817. Offer price is Rs.
76 to 80
• Company has issued 35 Lakh bonus shares in the ratio of 3.5:1 during the last one year.
• Company retail on limited number of suppliers.
• Majority portions of revenue depend on few clients.
• Limited operation history.
sively priced.
Recommendation : It has poor financial track record. On valuation front con-
sider PE of 35 & P/BV of 5.37 offer price is very expensive. There is no harm in
skipping this IPO.You can also read
