The Sensex will see 38111 closing above 37777

(Gujarat News Correspondent) Mumbai, Ta. 26 September 2020, Saturday

Corona died without speculators on Thursday, September 2, last week in the expiration of the September trend. The Sensex plunged by 1,112 points on the last day of the September 8 trend and by 6 points on Friday, September 4. Bend the dog's tail. Be prepared to be beaten again in October after being beaten in September. Call-put-options, Future It would be better to be quarantined in Corona's time than to play in all of this. The market as a whole has to be threatened. From here, Amo warned you to sell 21 scrip-shares out of the recommendation of Dark Horse / Arjun in the eyes of September 4, out of the recommendation of 52 scrips of the last one year. Nifty also warned of a break on September 18. Last Sunday, September 30, 2020, it also warned that the market is in the overboat zone, it will break suddenly. We are still saying from here today, stay away from gambling, otherwise the gamblers' own jubilee will come on October 2, before Gandhi Jayanti.

The week will be bullish, selling with every boom: Reserve Bank lending policy, Sept.'s menu. PMI, Infra. Take a look at the figure

The country is going through a difficult time now, with the state and central governments having to make up for the loss of revenue. The central government is also worried about rising unemployment in the country amid a slump in trade and industry, which is expected to announce new stimulus packages next week. Finance Minister Nirmala Sitaram has also given a clear signal of the gravity of the situation by accepting zero growth for India this year on the economic front. Given that the government now has limited scope to provide stimulus, it would be advisable to ease every sell-off in stocks in the coming days, given the possibility of a highly explosive outlook for the economy. The market will be watching the meeting of the Monetary Policy Committee (MPC) to be held by the Reserve Bank of India next week from September 4 to October 1. Given the gravity of the situation, it is possible that the Governor of the Reserve Bank of India will paint a picture of a market turmoil. The RBI governor had earlier said that the rally in stock markets was not in line with the state of the economy. Given that signal, the governor's statement that the market could slip next week cannot be ruled out. With this, next week, the Supreme Court is set to resume hearing petitions seeking waiver of interest during the loan moratorium on September 8, 203, while the market will keep an eye on it, while India's infrastructure production for the month of August 2030 will be announced on September 20, 20 and 20. The market will look at the month-to-month manufacturing manufacturing PMI for October 1, 2020 and the September sales figures for automobile companies. On the international front, Indian markets, along with the rest of the world, will be watching the development of the upcoming US presidential election. In the midst of these events, next week, the Sensex is likely to close at 7 with support at 9,111 and the Nifty spot at 10,211 at 1118 with support at 115. So the clear advice from here is that next week may be a bullish one for stocks, but it would be better to stay away from gambling by selling bulls.

Dark Horse: Vishaka Industries Ltd.

VISAKA INDUSTRIES LIMITED ISO 9001: 2000, ISO 9001: 2008, ISO 14001: 2004, OHSAS 18: VISAKA INDUSTRIES LIMITED, established in the year 19 14862: 2000 Certified Green Pro Certified, manufactures asbestos-cement roofing sheets (ACS), non-asbestos cement boards and panels (CBP) and synthetic blended yarns. The company was the seventh largest company in India in terms of volume of cement asbestos product manufacturing in 19 years, now becoming the second largest company in India with a market share of 12% in cement asbestos and 5% in boards and panels. In the country's organized cement asbestos market with Vishaka and Shakti brands, Vibeord under the company Vinext, Roofing with Atom product, V-Infill, V-Next, Viprium A category boards, Wiplank exterior grade material, Vipanel light weight EPS concrete with its own products. Has a reputation.

Manufacturing facilities:

The company has Fiber Cement Roofing Division-Plants in Telangana, Tamil Nadu, West Bengal, Karnataka, Uttar Pradesh, Andhra Pradesh, Odisha, Maharashtra in each State. In Haryana and Atom Division, Telangana, a total of 18 manufacturing facilities with a combined installed capacity of 3.04 lakh tonnes per annum for cement asbestos products as per FY 2017-20 with a capacity consumption of 60 per cent and an annual capacity of 12.5.20 per cent capacity of fiber cement sheets. Have. Together, these building products have a capacity of 2,31,60 tonnes. The company is implementing an additional 20,000 tonnes capacity in South India through an internal financial source investment of Rs 30 crore. Which is expected to be implemented in the financial year 2021-2. The company's share of total revenue from Vinext products is expected to increase from 15 per cent in 2015-16 to 20 per cent in 2021-2 in the next two years. In addition, textiles have a capacity of 8 spinning positions and a capacity consumption of 5%. The company has a strong network of over 5,000 stockists and dealers across India. In addition, the company has a nationwide network with 12 marketing offices and depots in 7 major cities and villages to ensure a strong supply of its products.

The company has the highest installed capacity in non-asbestos cement boards and panels (CBP). The company's CBP plants are located at Mirayalaguda-Telangana and Daund-Poona, Maharashtra. The company manufactures a wide range of CBP products under the V-Next brand, which is in high demand in India and abroad. With the demand for CBP products picking up, the growing demand from this sector has become a new avenue for the CBP industry.

The company produces value-added cotton touch air-jet spun polyester yarn and its products and achieves the highest margin in the synthetic yarn industry. The Yarn Division manufactures polyester spun yarn in the range of 20s to 5s counts, a revenue of Rs 412 crore in the financial year 2015-16. Vishaka Industries manufactures this yarn using twin air jet spinning (MTS) machines. The company has 21 MTS machines and 8 twin air jet spinning positions equivalent to 20 spindles. The share of yarn division in total sales has increased from 15% in FY17 to 31% in FY2030. While ATM (Solar Panels) has a capacity of 30,000 KW. In the first quarter of April-June 2020, the company posted a 5 per cent increase in net profit against a 15 per cent decline in revenue as a result of the Lockdown of Covid-12. The synthetic yarn segment has suffered losses due to market closures and lockdowns.

Vamshi Gaddam, joint managing director of the company, said the company would start operations by October for a greenfield manufacturing plant for its Vinext products range near Coimbatore. The company's textile and solar roofing solutions-Vinext range products were affected in the first quarter of 2020-21, with business expected to pick up in the second half of the year.

Promoters increase shareholding:

The company has allotted 0.50 per cent of the new two lakh shares to the promoters at Rs 31 per share and 15 lakh convertible warrants at Rs 21 per warrant. Thus, the promoters have indirectly acquired 12 lakh shares in the company and invested Rs 2.5 crore. With the full conversion, the promoters' holdings in the company will increase to 7.5 per cent. Thus, the promoters' holdings in the company, which was 31.50 per cent of the 31.50 per cent as on September 30, 2016, will in a way be the same as that of the 20, 9,9,12 shares as on September 20, 2020, i.e. 4.5 per cent. On a net basis, the promoters have bought 12 lakh shares at Rs 41 per share in a year, of which 2,8,303 shares were bought from the open market between October 1, 2016 and June 20, 2020. Thus, the total holding in the company will increase from 21.50 per cent to 7.5 per cent by the promoters buying a total of 12,8,308 shares. As on June 30, 2020, foreign portfolio investors have 1.50 per cent, Ajay Upadhyay has 2.50 per cent, Vigilance Security Services has 10.7 per cent and individual shareholders up to Rs 2 lakh have 20.5 per cent.

Dividends:

20% in 2014, 30% in 2014, 30% in 2014, 30% in 2014, 30% in 2014, 150% in 2020

Earnings per share:

Rs.12.5 in March 2016, Rs.12.5 in March 2016, Rs.2.5 in March 2016, Rs.21.5 in March 2017, Rs.5.5 in March 2018, Rs.21.05 in March 2020, expected March Rs.0.01 crore for 2021

Book value:

Rs.505.15 for March 2018, Rs.412.5 for March 2016, Rs.4.5 for March 2016, Rs.50.5 for March 2017, Rs.412.5 for March 2016, Rs.412 for March 2020, Rs.501 for March 2018 As expected, the promoters have increased their holdings by 12 lakh shares, which will increase the reserve to book value by Rs 15.50 per share.

Financial results:

(1) Full year April 2012 to March 2020:

Net income rose to Rs 10,060.5 crore from Rs 109.31 crore, while NPM's net profit fell by 4.5 per cent to Rs 2.50 crore from Rs 2.81 crore, earning Rs 41.05 per share.

(3) First Quarter April 2020 to June 2020:

Net income fell 19 per cent to Rs 2.15 crore from Rs 4.8 crore, while NPM net profit rose 12 per cent to Rs 4.5 crore from Rs 4.05 crore, up 12 per cent, and quarterly earnings per share stood at Rs 12.5 crore. Achieved Rs.

(2) Expected full year April 2020 to March 2021:

Out of the expected net income of Rs 114.5 crore, NPM is expected to get 4.5 per cent, net profit of Rs 2.8 crore and earnings per share of Rs 2.09.

(2) Valuation: B:

Even if we give the company a P / E of 9 against the average P / E of Cement, Cement Products Industry, the valuation is single B. The stock is currently expected to be priced at Rs 4.5 on the NSE, BSE. P / EA of only 2.5 is available against earnings.

Thus, (1) Cement Asbestos Product Manufacturing with a capacity of 2.08 lakh tonnes, the largest company in India with a market share of 15% and a company with a market share of 5% in boards and panels. Expected good demand from rural roof customers as monsoon is very successful this year in the country with potential (2) expected (2) expected full year earnings per share from April 2020 to March 2021 and expected increase in holding by promoters to 12 lakh shares now. The stock is now available on the NSE, BSE at a P / EA of Rs 6.5 against the expected book value of Rs 41.5 with an increase in book value of Rs 12.50 per share on account of rising holdings.

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

The author is a SEBI registered research analyst: Disclosure cum (readers should take special note) Warning: (1) The author has invested in shares of South Indian Bank in the stocks of the above companies. (2) , Portfolio management or their team may have a direct or indirect interest. (3) Maintaining a 50% stop loss from the Reachers price, in particular, is advice and warning. (2) Valuation H, BB, BBB, Top Gainers These are all possibilities, so don't invest temptingly. (2) Generally, out of every 10 scrips, 4 scrips are true and 4-5 scrips are false. (3) Feedback E-mail: All the above points also apply to the answers given in arjuneyems@gmail.com. (2) The reader class, the investor class to take their own personal decisions at personal risk. The writer, editor and anyone of Gujarat Samachar will not be responsible for your loss. So invest by recognizing the risk of the stock market.