The new week will see the Sensex hit between 32222 to 31022 and the Nifty spot 9422 to 9022.

- Banswara Syntex Ltd., active in the field of Yarn, Fabric and Readymade Garments, has a P / EA of only Rs. 1.5 / - for the full year 2018-20 against the expected EPS of Rs. 2 and the expected book value of Rs.

(Gujarat News Correspondent) Mumbai, Ta. May 9, 2020, Saturday

With the Corona epidemic re-emerging in many parts of the country, a worrying rise in the number of positive cases in European countries, including Russia, and blaming China for the epidemic, the United States is preparing to scrap a four-month-old trade deal with China in global markets next week. There is a possibility. Along with the US, Europe and other Asian countries will also be in the mood to part ways with China in this regard. Any major development in this direction will upset the markets. At the same time, on the economic front, in the midst of a global crisis, the growing problem of unemployment around the world, including in India and the United States, and the new massive economic stimulus package that has become inevitable for this, is awaited. Despite the delay, the package could be unveiled at any time in the coming days, which could lead to a short-term boom in the market. Otherwise, in the event of further delays, the markets are likely to collapse. However, with global markets moving, the lockdown has been protracted for a long time, and the results are likely to be miserable for the next two quarters. Considering this, the offloading of funds in stocks will increase. So caution will be needed in the coming weeks as well.

Further delays in stimulus package amid growing crisis from coroners despite Rs 4.5 lakh crore borrowing from Center will further destabilize markets

The next week's borrowing of Rs 2.5 lakh crore by the central government is likely to see a momentary positivity. But the long-awaited new big economic stimulus package from the Center in the wake of the escalating Corona epidemic, with delays in announcing it risks further destabilizing the economy, could lead to a volatile situation in the stock markets in the coming days. At the same time, it is advisable to be very cautious in buying stocks as the results of the fourth quarter, which are currently being released, are likely to be very bad, especially in the first quarter of the end of June 2020. In the fourth quarter results season ending March 2020, we will now be looking at the results to be announced next week by Nestle India on May 16, 2020 and Maruti Suzuki India, Kotak Mahindra Bank on May 12, 2020.

March industrial production figures, China-US trade meeting, look at China figures

The next week, May 19, 2020, will be the month of March 2020 for industrial production, the WPI for April will be the month for April, the figure for May 2030, the prospective meeting on the trade deal between China and the United States on the global front, the month of May 20, China. Euro Area Industrial Production for March in Europe and May 15, 2020 Will look at the junk. Among these events-factors, the Sensex is likely to collide between 8 and 2105 and the Nifty between 8 and 203 next week.

Dark Horse: Banswara Syntax Ltd.

Listed on BSE (303), NSE (MHCHG), Rs. 10 paid-up, started by RS Tosniwal in the year 19, ENERGY 2001 to 2005, ENERGY 15001 to ET92 Certified, in the year 2007. With 100% bonus equity, Banswara Syntex Ltd. is the leading fiber-dyed yarn in Asia in the production of yarns, fabrics and readymade garments. Is one of the largest single-mill set-up companies. Recognized as a Four Star Export House by the Vertically Integrated Government in the US, UK, Canada, Spain, Germany, Japan, France, UAE. And exists in markets in more than 30 countries, including Turkey. The company has received a number of awards, including the SRTEPC Award, for eight consecutive years. The company offers products with diversification in textiles and technical fabrics.

The company has its own thermal power plant, which generates 3 MW of power for the mill. With this, the company aims to enter the solar NGO sector. The company's joint ventures include Tesca Textiles and Seat Components (formerly Trives Banswara Pvt. Ltd.) with a 50 per cent stake in France's Tesca for automotive textiles. The company bought full holdings in 2015 after increasing its holdings in the Kerman joint venture to 20 per cent in 2013.

Manufacturing Capacity-Facilities:

The company has a production capacity of 1,2,3 ring spindles, 3 air jetspindles, 203 shuttle lace looms, 3 air jacquard rooms, 10 stenters (monthly processing capacity of 3 million meters and a capacity of 3.05 lakh units of garments). It has the capacity to produce one lakh meters of finished fabric, 20,000 jackets per month and 2,8,12 trousers-pants and suits per month. The company's products include 100% polyester, viscose, acrylic, wool, polyester-viscose, PV wool, PV lycra, PV linen, PV high twists. While the fabric includes poly-viscose, cotton, rusted, jacquard, knitted. In Readymade Garments the company has garmenting units in Daman and Surat with specialization in tailored clothing-trousers, jackets and waistcoats.

The company has a marketing agreement with a 50-year-old company in Europe, a marketing agreement with a Japanese company to sell value-added products of fabrics and garments.

List of leading customers:

The company's reputable fashion brands include Uniclo, Calvin Klein, Marcus & Spencer, Next, Arrow, Zara, Stylem, Levi's, Jesse Penny, Gap, Peter England, Raymond, Tesco, Reed & Taylor, Macy's, Dockers, Excalibur, Jagger. ., Oxford with Ellen Soli, Belmonte, Park Avenue, Urbana, Wenhasson, John Miller, Wills Classic, Louis Philippe, Park Avenue, Madura Garments, e-Commerce. Ntra including the dot-com and Flipkart.

Share holding parton:

Promoters have 4.5 per cent, Ilara India Opportunity Fund Ltd has 7.5 per cent, Mefcom Capital Markets Ltd has 1.7 per cent, Kotak Mahindra International Ltd has 2.4 per cent, Indus Kamadhenu Fund Ltd has Rs 4.81 per cent and Rs. Capital holders holding up to Rs 1 lakh hold 12.5 per cent.

Book value:

Rs.19.5 for March 2016, Rs.13.13 for March 2016, Rs.12.5 for March 2017, Rs.12.5 for March 2016, Rs.12.05 for March 2017, Rs.305 for expected March 2020

Financial Outcome:

(1) Full year April 2016 to March 2018:

Net income rose to Rs 120.5 crore from Rs 13.5 crore, NPM net profit rose 1.7 per cent to Rs 2.15 crore from Rs 4.5 crore, earnings per share rose to Rs 4.5 crore. Achieved Rs.18.11.

(3) Third Quarter October to December 2018:

Net income fell to Rs 2.7 crore from Rs 2.7 crore, compared to a net loss of Rs 20 lakh in the same period last year, when it earned a net profit of Rs 30.50 crore and Rs 11.5 per share.

(2) First nine months April 2013 to December 2018:

Net income has increased from Rs 104.5 crore to Rs 106.15 crore, net profit of Rs 30.5 crore and earnings per share of Rs 4.5.

(2) Expected full year April 2018 to March 2020:

Expected Net Earnings Out of Rs. 1915 crore, net profit is expected to be Rs. 2.50 crore and full year earnings per share is expected to be Rs.

(2) Valuation: Single m:

Even if we give the company a P / E of two (2) against the average P / E of 2.3 in the textiles-spinning-synthetic blended industry, the valuation is single m. Which is currently available at a price of Rs.

Thus (1) with a promoter holding of 2.3 per cent, (2) with a 1: 2 bonus share issue in 2008, with a total bonus equity of 4.5 per cent, and (3) the most active fiber-dyed yarn in Asia in yarn, fabric and readymade garments production. One of the companies with single-mill set-up recognized as a four-star export house by a vertically integrated government (3) Third Quarter from October 2017 to December Compared to the net loss of Rs. 3 lakh in the same period last year in 2017, this time the net profit of Rs. And the stock is available on NSE, BSE at a price of Rs 4.5 against the expected book value of Rs 303, with a P / EA of only Rs 1.5.

Manoj Shah: Research Analyst (G.I.M.E.E.R.Sh.Anshall 00000000108)

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