The Sensex will see 38333 closing at 37999

(Gujarat News Representative) Mumbai, Ta. 07 Mar 2020, Saturday

After the start of the beating of the Indian stock markets with the central budget, the government has written this budget well in the Yanken manner, and after the aggressive stack of funds in the fight against the Jeddah in the stock market against the negative expectations of the Indian stock markets, the market has now given a real big correction as stated earlier. From here, after the Budget 1, February said that the market had started a big correction, and would not be surprised if the Sensex fell to 7. Accordingly, in the last fortnight, the Corona Corona Curry has been given the expected major correction in Indian stock markets with a beating in the global markets. This major correction has shown a significant decline here, however, due to the still global market situation and the global economic crisis, caution will be required in the coming weeks to continue the short-run in the market and keep the players on both sides. Of course in any storm of the future there will be an excellent opportunity to buy good stocks at attractive low prices.

From here, the Sensex showed a surface of 1: Sensex 2 and Nifty 2 bottom.

After the budget from February 1, it was stated that the budget will be bad because of the poor correction in the market and the Sensex will not be surprised if it falls to the level. As per this corona virus has become the cause of this big correction and finally the breakdown of Yash Bank. The Sensex is at the bottom of the week with 7 and Nifty at the bottom. The market will now see a rebound in the coming weeks, but caution will also be required to follow these ups. The market will still show a downward trend.

Crude oil prices tighten, index-based markets still floundering after global market storms

At a meeting of the OPEC, an oil-producing country on Friday, on the last day of the global front, Russia did not agree to cut crude oil production, with crude oil Brent falling by 5 percent to $ 1 and Naimax to $ 5 and the global economic downturn this week. But the index-based large range has the potential to continue unrest . Of course, it is advisable to seize the opportunity to invest in good stocks at attractively low prices, with caution in pursuing the upswing, though the storm is now less likely to cause major downsizing. The stock markets will close on the Holi-Dhuleti on Tuesday, March 7 next week. So that in the next week of four trading days, on Thursday, March 1, India's Industrial Production and Manufacturing Production will be showing the January data as well as the retail data for February 9 months. While wholesale inflation figures will be announced on Friday, March 5, the international front will look at the breakdown of crude oil and the fluctuations in the value of the US dollar against the rupee. While Tuesday's March 1, China's inflation figures for February and the US inflation figure for Wednesday, March 8 will be on track. In addition, the European Central Bank (ECB) meeting in Europe will be looking at the interest rate announcement at the Thursday, March 8 meeting. Between these events, it is likely to see Sensex close at 3 and Nifty close at 3 over the next four trading days.

Dark Horse: IRCON INTERNATIONAL LTD.

BSE (1) and NSE (IRCON) List, Rs. Paid-up, Debt Free-Debt Free, Issued Shares at Rs. 5 per share by bringing IPOs, Mini Navratna, Established in year 1 by the Railway Ministry of Government of India. Enterprise IRCON International Limited (IRCON INTERNATIONAL LTD.) Is an integrated engineering and construction company, holding 5.5% of the government's promoter holding. The major infrastructure projects in Railways, Highways, Bridges, Flyovers, Tunnels, Aircraft Maintenance Hedgers, Runways, EHV Sub-Stations, Electrical and Mechanical Works, Commercial and Residential with other active properties in residential property. The company provides EPC services for various infrastructure projects on fixed cum turnkey basis and item rate basis. IRCON conducts various projects on a build, operate and transfer (BOT) basis. The company named Minir Ratna (Category-One) was ranked # 1 in the list of the top 5 international contractors by Engineering News Record (ENR) of the United States in Year 4. The company, with headquarters in New Delhi, has offices in Malaysia abroad. In addition, it has three project offices in India and five regional offices abroad including Sri Lanka, Bangladesh, South Africa and Algeria to manage and support its business operations.

The company is acquiring 8% of the total revenue from the railway business in Fiscal Year 1. The company reported a revenue growth of 8.2 percent in FY'6. While Highways is the second largest segment, it generates 5.5% revenue. The company had an order book of Rs 8,8.5 crore on March 1, which is Rs 6,8.5 crore at the end of December 1. Of this, Rs 5.6 crore is for railways, Rs 5.5 crore for highways, Rs 5.9 crore for buildings and Rs 1.8 crore for electricals. With the company's strong performance in railways, the railways sector has orders for 8% of the total order book, the rest are road projects. The average execution cycle for an order book from IRCON Railways is 1.5 to 5 years. The president of the company is Fox and Robust in the railway sector. Ircon is a turnkey construction company in the railway construction business, which is involved in the installation of new rail lines, rehabilitation / conversion of existing lines, construction of station buildings and facilities, bridges, tunnels, signaling and telecommunication and telecommunication services.

List of Customers:

The list of clients of the company includes Central and State Government enterprises such as Northern Railways, Ministry of Railways, Delhi Metro Rail Corporation, BHEL, Border Roads Organization, Surdhan Railways, National Highway Authority of India, Power Grid Corporation of India, Dederido Freight Corporation, Dedicated Freight Corporation, Dedicated Freight Corporation, Gail India, Coal India, Indian Oil Corporation, Kochi Metro Rail Ltd., Kolkata Port T Rust, including NMDC, NTPC, LTD. Rail Vikas Nigam Limited, South Eastern kolaphildsa, Greater Noida, Airports Authority of India, Madhya Pradesh State Electricity Corporation, including Rajasthan State Power Corporation.

Locally, the company is expected to get some railway projects. All railway construction operations are shared between RVNL, IR and IRCON. All these PMC projects are on nomination basis. On the international front, the company is one of three entrepreneurs qualified for the order of $ 100 million for the Riyadh Railway in Abu Dhabi. The company is technically strong in these three bidders.

While the government is giving importance to infrastructure construction and giving significant importance to infrastructure in the special railway sector, opportunities will be seen in the sector. Ircon is a four-decade-old railway ministry company, which enables the company to get all the railway projects on a nominal basis. According to the Planning Commission, the railway is projected to invest around Rs 1.8 trillion in five schemes, which is expected to increase the company's future order book. According to Crisil Research, investment in the railway sector is expected to increase by 5% from Rs.1.5 trillion in FY 6-8 to Rs. The capital expenditure for the year 6-8 by railways has reached a record level of Rs 1.8 trillion. According to India Infrastructure Research, the railways sector offers more than 3 trillion investment opportunities in various segments. Of this, 5% will be behind railway tunnels, two laning operations and new line projects. In the next four to five years, Indian Railways is planning to double the new line of 5km and the existing 6km line. While it is possible to electrify the 5km network and work on the 6km dedicated freight corridor, it is likely to start by 7am. In addition, Indian Railways plans to manufacture a total of 4 coaches in the year 1-3 and manufacturing of 4 coaches in the year 1-3. In addition, it plans to set up three new manufacturing units at an estimated cost of Rs. Commercial development around stations and stations has investment opportunities of up to Rs 1.5 trillion.

India is the second largest country in the world with a road network of 5 million km. With the increase in industrial activity, road transport infrastructure projects are booming. A total of two lakh km of national highways is likely to be completed by year 1. The government launched the Highway Flagship Construction Program in India in year 1 to achieve the vision of this massive highway network. This includes the construction of 1,5 km highways.

Book value:

Rs 5 for March 3, Rs 5 for March 3, Rs 5 for March 5, Rs 5 for expected March 5.

Financial results:

(3) Full year April 1 to March 3:

Net income increased from Rs 1.8 crore to Rs 1.8 crore, while NPM increased net profit by 8.5 percent to Rs 9.5 crore, registering a revenue of Rs 1.5 crore, and revenue per share increased from Rs. Has earned Rs.

(3) Third quarter October 3 to December 3:

Net income fell by 8.6 percent to Rs 1.8 crore, compared to Rs 1.8 crore, net profit rose by 8 percent to 8.7 percent, compared to Rs 1.8 crore, registering an increase of Rs 1.8 crore per share. Income has increased from Rs. 5 to Rs.

(2) First nine monthly April 1 to December 3:

Nine monthly net income increased from Rs 1.8 crore to Rs 9.5 million, net profit increased to Rs 9.5 crore compared to Rs 9.5 crore per share. Nine monthly income per share increased from Rs. Has achieved 5.1.

(3) Expected full year April 1 to March 3:

The expected net profit is expected to be Rs. 5 crore, with expected net income of Rs.

(2) Valuation B:

With a book value of Rs 1.8 against the average P / E of 5 in the heavy-engineering sector and the issuer of shares in the IPO at a price of Rs 5, even if the company gives a P / E of 5, the valuation could fall to Rs. Single B.

Thus (1) Mini Navratna, established by the Ministry of Railways of the Government of India in the year 1, and the venture (5) issuing shares of the Central Government at 5% promoter holding shares in IPOs at a rate of Rs. The holder of the order book (1) The third quarter, from October to December 1, increased by 8% in net profit by Rs. 5 crore to earn Rs. Rs .55.26 Year Expected Expected income and book value per share of Rs .474.19 against shares in March 2020 to April 2019 and now has a P / EA of .437.50 BSE at Rs 8.06 on the NSE.

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 has no investment in the shares of the above companies. (2) Our sources of interest, such as broking houses, promoter views, personal research analysts, portfolio management, or their team may be of direct or indirect interest. (2) 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. (2) 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 any person will not be responsible for your loss. So invest in identifying the risk-taking risk of the stock market.