The Sensex will be looking up from 38555 to 37555 and the Nifty 11444 to 11144 for the week ending September.

(Gujarat News Representative) Mumbai, Ta. September 21, 2019, Saturday

Modi government-finance minister Nirmala Sitharaman's team to revive India's economy on the path of rapid economic development, revised the central budget presented on July 3, rectified its own mistakes and stepped up to degenerate. -Attribute the assembly package in Maharashtra and Haryana while giving financial package Wanna have a day prior to the unexpected reduction in corporate tax, corporate India on Friday and stock investors, funds commendable action by installing an unexpected lottery surcharge on capital gains, stock buyback relief tax rollbacks. GST meeting on Friday last Friday, after taking steps to improve market sentiment by giving an export package of Rs 1.5 crore to Indian businesses and exporters in the wake of the trade war between the US and China over the global economic challenges. Diwali blasts of corporate tax cuts by holding a press conference in the current market Ine mandivalaone unghatam allow bringing unconscious state similar technical analysts put the debt-cartistone cagadole with taking down the Sensex-Nifty has given an extraordinary gain. Although the maximum positive impact of the economic package was seen on Friday, the calculation of the weak financial results of corporate India has now changed to positive positive results. Which is expected to have a positive impact on the market in the coming weeks. Of course, the September-based trend in derivatives is coming to an end next week, with index-driven two-pronged fungal moves likely to be seen.

The current market declares a reduction in taxation, and the finance minister has smashed the direction of the chartists with disinformation.

With the Finance Minister Nirmala Sitharaman's monetary policy being introduced on July 3, the central budget of industrialists, economists and market analysts began to slam, with foreign funds slamming investors in the Indian stock market. In this negative sentiment, the market was getting hammered by the recession, and the fund-operators were slowing down the trade. But despite the Finance Minister being forced to rollback his own steps to alleviate this outrage, industrialists and investors have been complaining with persistent apathy but finally, on Friday, the current market announced a mega announcement, leaving the industrialists, investors happy with the downturn. And with this we have ruined the technical chartists' direction.

The day before the elections were announced in Maharashtra, Haryana, the government announced major economic relief incentives.

The idea of ​​holding simultaneous elections in the country has been flowing across the country, so the day before the announcement of holding elections in Maharashtra and Haryana, the government has announced a reduction in mega-economic package-corporate tax. Well, elections are held at different times in the country, otherwise governments might, economic reform-relief should be kept in the nave for five years, and the incentives needed by the industrialists-markets should remain in place.

Corporate India's earnings-earnings growth now projected to reach 5-year highs

With the reduction in corporate tax, the Modi government has given various concessions and incentives in recent days. Corporate India earnings estimates are likely to change drastically. Corporate India is likely to hit the highest growth at this time since year 3. Nifty 3 is expected to be a 3 to 5 percent upgrade for earnings per share (EPS). A 6 month expected EPS of the Index, which is down 5% to Rs 5 after the quarterly results of June 9, is expected to improve significantly. Morgan Stanley, too, has raised its previous estimate of Sensex earnings by 5 percent, raising it to 5 percent. Kotak Institutional Equities has also raised its earnings estimates for the Nifty 4 to 5% from the previous 3%, following a reduction in corporate tax. Automobiles, banking, consumer staples, consumable fuels, diversified finance, capital goods, oil-gas industries will have major benefits, while IT and pharmaceuticals will have neither marginal benefit nor special impact. At present, there are 3 companies in the Nifty 3 Index, which comes with a tax rate of over 5%. Their index has a weightage of 5%. The benefits of this tax reduction are expected from Bajaj Finance, Britannia Industries, HDFC Bank, Kotak Mahindra Bank, Eicher Motors, Bajaj Auto, ONGC, Asian Paints and Hero MotoCorp. Nestlé India, which was subject to a 5% tax in Fiscal Year 1, will now have the big benefit of reducing this tax if it is to become part of Nifty 3 soon. Thus, the reduction in corporate tax is expected to improve the valuation-equity returns of Indian companies' stocks.

Potential for global upheaval: US-China trade talks collapsing: look at crude prices, rupee-dollar value

The sentiment of the market has become a glowing boom again due to the decline in corporate tax, but in the trade talks between the US and China on the international front, China has threatened to revive the global trade war with China. Which has the potential to have a negative impact on global markets. Of course, the recent measures taken to attract investment in India will be expected to have a positive impact on Indian markets. But with the end of September trend in the derivatives next week and the expected upheaval of global markets, it may be possible to see index-based speculation in Indian markets in the next week, with crude oil prices and rupee-dollar value speculation expected. So, in the last week of the September trend, the Sensex is likely to see a collision between 1 and 2 and Nifty spot 1 to 2.

Dark Horse: Vishaka Industries Ltd.

VISAKA INDUSTRIES LIMITED (VISAKA INDUSTRIES LIMITED) Established in Year 1, BSE (2), NSE (VISAKAIND) Listed, ISO 9001: 2000, ISO 9001: 2008, ISO 14001: 2004, OHSAS 18001: 1999, ISO 14862: 2000 Certified Green Pro Certified, specializes in the manufacturing of asbestos-cement roofing sheets (ACS), non-asbestos cement boards and panels (CBP) and synthetic blended yarns. The company was the seventh largest company in cement asbestos product manufacturing by volume in India in the year 1, becoming the largest company with 5% market share across India and 5% in boards and panels. Weiboard with company Vinext, Roofing with Atom product, V-Infill, V-Next, Vipreme A category boards, Viplanc Exterior grade grade material, Viplan Light Weight along with Vipel Light Weight, along with Vishnaka and Shakti brands in the organized cement asbestos market in the country. Has a reputation.

Manufacturing facilities:

The company has four manufacturing facilities in four locations in South India, one in North India, two places in East India, one manufacturing facility in West India, with installed capacity of 1.5 lakh tonnes per annum of cement asbestos products with a capacity of 5% and fiber. Cement sheets have an annual capacity of 5.7 tonnes, which accounts for 5% of capacity. In addition, the textile has a capacity of 1 spinning position and 5% of its capacity consumption. The company has a strong network of over 3 stockists and dealers across India. In addition, the company has a network across the country to ensure a strong supply of its products with its depot in 4 major cities and villages with 4 marketing offices.

The company has the highest installed capacity in non-asbestos cement boards and panels (CBP). The company produces a wide range of CBP products under the V-Next brand, which has high demand in India and abroad. The revenue of this segment of the company has increased by 5% to Rs 1 crore. The company expects double-digit growth as growing demand and large plant start up.

The company has started manufacturing this type of solar rooftop in FY 6-8. Whose business opportunities are abundant. The company manufactures value-added cotton touch air-jet spun polyester yarns and its products. The revenue of the segment has increased from Rs 1 crore in Fiscal Year 1-5 to Rs 5 crore in Fiscal Year 1-5. Which is expected to perform better in FY4.

Dividend: 3 percent in year 1, 3 percent in year 3, 5 percent in year 3, 3 percent in year 3, 3 percent in year 3, 1 percent in year 3

Earnings per share: Rs 5 on March 5, Rs 5 on March 5, Rs 5 on March 5, Rs 5 on March 5, Rs 5 on March 5, Rs 5 on March 5. 1, Expected March 5 to Rs

Book value: Rs 5 for March 5, Rs 5 for March 5, Rs 5 for March 5, Rs 5 for March 5, Rs 5 for March 7, Rs 5 for March 5. Expected March 5, Rs

Financial results:

(1) Full year April 1 to March 1: Net income increased from Rs. 5 crore to Rs. 8 crore, NPM increased net profit by 8 percent to Rs. 8 crore compared to Rs. The per capita income was Rs.

(1) First quarter April 1 to June 1: Net income increased by Rs 1.8 crore to Rs 8 crore and NPM fell by 8 percent to 8.5 percent, while net profit fell to Rs 1.8 crore. The quarterly revenue per share is Rs.

(1) Expected full year April 1 to March 3: NPM is expected to grow at 8% with expected net income of Rs 1.8 crore and net profit is expected at Rs 1.8 crore and revenue per share is expected at Rs.

(2) Valuation: BBB: Valuation BBB to give the company a similar P / E against the average P / E of cement, cement products industry, even if the stock can afford Rs. The stock, which is currently available on the NSE, BSE, is currently available with a P / E of only 5 as against the expected earnings at Rs.

Thus (1) Cement asbestos product manufacturing is the largest company with 5% market share in India with a capacity of 5 lakh tonnes and 6% market share in boards and panels. (1) Expected good demand (1) of the demand of the consumers in the Grameen area, which is very successful in the monsoon this year, in the country with capacity The stock is currently available at NSE, BSE at a P / E of Rs. 2.5 on the NSE, BSE against the expected book value of Rs.

Dark Horse Explanation: South Indian Bank

Last week, on September 1, September 2, the recommendation of shares of Dark Indian Horse Triple Triple Mammalvaisch as Dark Horse at a price of Rs 5 (target of Rs 5) was reported as a result of the company's 3-5 full year expected results in error and in one place three times. General Chat Chat Lounge In fact, the expected net interest income in the result of the full year April 1 to March 3 would be Rs. 5 crore and the expected net profit would be Rs. 8 crore and the revenue-earnings per share for the full year would be Rs. Not that quarterly. Whose request to take note.

Manoj Shah: Research Analyst (SEBI REG. NO. INH000000107)

Author Sebi is a Registered Research Analyst: Disclosure Cum (Readers take special note) Warning: (1) The author invests in shares of South Indian Bank shares of the aforementioned companies. , Portfolio management or their team's direct or indirect interests. (3) It is advisable and advisable to maintain a 5% stop loss exclusively from the price of the recharge. (2) Valuation H, BB, BBB, top gainers are all possibilities, so don't be tempted to invest. (4) Usually 1 out of every 4 scrips is true and 4-5 scripts are wrong. (2) The answers given in the Feedback e-mail: arjuneyems@gmail.com also apply to all the above points. (3) The reader, the investor, should take personal decisions at personal risk. Gujarat News writer, editor and anybody will not be responsible for your loss. So invest in identifying the stock market risk-risk.