The Sensex will see 41555 above 41111 in the weekend of October

(Gujarat News Correspondent) Mumbai, Ta. Saturday, October 24, 2020

Corporate India's second quarter results for the end of September 2020 are showing moderate to poor results, with the second round of Corona transition on the global front worrying Europe and the United States, while India's fast-paced Corona industrialization Indian stock markets were witnessing a steady rise in foreign fund stocks. Of course, with the Indian government still facing major challenges on the economic front and the Center being forced to indebted the states, it will be necessary to be cautious in the new boom in the overbought position of the markets at this challenging time for the economy. Don't be surprised if the October trend in futures and options ends on Thursday next week and the market is reversed in the coming days by keeping the market bullish. So much caution will be required to follow the index based boom.

Bihar elections, elections on the global front in the US, look at the ECB meeting: look at the company results

With the Assembly elections starting in Bihar on October 9 next week, the global front will be watching the US elections on November 9. In Europe, global markets will be watching the European Central Bank's (ECB) decision on interest rates on October 6, 2020 and the interest rates to be announced by the Bank of Japan. Along with this, in the results of Corporate India for the quarter ending September 2020, the results of Kotak Mahindra Bank, SBI Life, October 2, Tata Motors, Bharti Airtel, October 4, Hero Motoroc, Dr. Also, the results of Maruti Suzuki, Bharat Petroleum Corporation to be announced on October 8, 2020 will be monitored. Between these events, the Sensex is likely to close at 31,111 with a support of 30,111 next week, 213 and the Nifty at 117 with a support of 1,175.

Dark Horse: JASCH Industries Ltd.

Rs 10 paid-up, BSE listed only, started as JASCH Polymers Limited in the year 19, with a promoter holding of 7.5 per cent (in the second quarter of the current financial year July-September 2020, the promoters have increased the holding by 0.05 per cent). JASCH Industries Ltd., a company that started with the division of automation in the year 19 with the aim of becoming a market leader in the development of online measurement systems, has now become one of the largest systems installation systems of more than 2000 systems worldwide with continuous technology improvements and advanced product offerings. Is. The company has its manufacturing facilities at Sonepat-Haryana in India and also has service and support offices in Belgium, Brazil, Australia, South Africa, Vietnam and Taiwan. The company's products include building materials, continuous galvanizing lines, paint gauges, textiles and non-woven, paper, boards, tissue gauge systems, plastics, isotope / X-ray strips. Company INDEV Gauging Systems Inc, USA, Wilconsys, BRAZIL, Accutrol Automation Systems Pty. Ltd. AUSTRALIA, Btek Co., Ltd, VIETNAM, UnikQuality, Inc. TAIWAN has partners.

The company has state-of-the-art manufacturing facilities in Sonepat-Haryana. The entire complex was built in record time at the expense of global competitive capital. The company has set up the facility on an area of ​​450,000 square feet. Coated fabrics in the company's products: including vinyl coated (PVC), polyurethane (PU), semi-PU coated fabrics, vinyl coated fabrics are generally used due to their long durability. These fabrics are available in two constructions. Which gives a soft touch to the formed or sponged inner layer in one of the expanded constructions. Second non-expanded constructions are the most durable of solid constructions and all vinyl upholstery. Polyurethane coated fabrics have a formed or sponged inner layer and are the softest of synthetic upholstery.

Leading customers:

The company's customer partners include Iram, Liberty, Tata, Redtep, Action, Godrej, Mahindra, Bata, Auto Form, Lakhani Shoes-Lakhani Armaan Group, Calvin Klein, Mirza, Walmart, Paper One, Hero, JCB, Eicher, Puma, Nike, etc. Included.

Book value:

Rs.21.5 for March 2018, Rs.2.5 for March 2018, Rs.30.15 for March 2018, Rs.0.05 for March 2018, Rs.21.10 for March 2020, Rs.4.51 for expected March 2021

Financial results:

(1) Full year April 2012 to March 2020:

Net income fell to Rs 12.5 crore from Rs 19.08 crore, NPM net profit fell by 6.5 per cent to Rs 4.5 crore from Rs 4.5 crore, earnings per share fell from Rs 4.5 crore. Achieved Rs.

(3) First Quarter April 2020 to June 2020:

Net profit fell to Rs 13.5 crore from Rs 4.5 crore, net profit fell to Rs 0.7 crore from Rs 1.4 crore, and quarterly earnings per share stood at Rs 0.5.

(2) Second Quarter July 2020 to September 2020:

Net income fell to Rs 4.5 crore from Rs 31.15 crore, compared to a net loss of Rs 20.8 lakh in the same period last year, this time net profit of Rs 1.5 crore and quarterly earnings per share of Rs 1.2. Have done.

(2) First Half Yearly April 2020 to September 2020:

Net income fell by Rs 21.5 crore to Rs 21.5 crore, a 3 per cent reduction in interest expenses and a 3 per cent increase in PBIT. Net profit rose 100 per cent to Rs 2.5 crore from Rs 1.5 crore and half-yearly earnings per share stood at Rs. It has increased to Rs. 4.15 as compared to Rs. 1.05.

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

Net profit for the full year is expected to be Rs 2.11 with a net profit of Rs 2.50 crore from the expected net income of Rs 12.5 crore.

(2) Valuation: B:

Even if we give the same P / E of the company as against the average P / E of the plastics industry of 2.15, even if we give the same amount, it can go up to Rs.30, which considering the current market situation, the valuation is single B.

Thus (1) with 7.5 per cent promoters holding (second quarter from July to September 2020, promoters holding 0.05 per cent increase) (2) Company's products include building materials, continuous galvanizing lines, paint gauges, paints, textiles, Board, Tissue Gauge System, Plastics, Isotope / X-ray Strip Inclusion (2) List of Distinguished National and International Customers (3) 100% growth in net profit with 3% reduction in interest expenses and 5% increase in PBIT in the first half of the current financial year Achieving half-yearly earnings per share of Rs. 2.15 (2) Expected full year earnings per share of Rs. 4.11 and expected book value of Rs. At present, a P / EA of only Rs 3.5 is available at Rs 2.50.

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 no investment in the shares of the above companies. (2) Our resources for researchers may be of direct or indirect interest to brokers, promoter views, personal research analysts, portfolio management or their team. (3) Maintaining 30% stop loss from the price of Reachers, 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.