The Sensex will hover between 49777 and 48222 in the new week

(Gujarat News Correspondent) Mumbai, Ta. Saturday, January 16, 2021

Indian markets, which have been setting new bullish records, seem to have finally begun the major correction needed to end the bullishness last week and keep the market healthy. The overbought position is now starting to soften in the record boom set by experts on one side. The world is still plagued by the corona epidemic, and with good progress in the development of the corona vaccine in response to concerns about a new transition to European countries, the vaccination program is now being implemented worldwide, with the market record now declining. The boom has also begun to take a break. Along with the Corona vaccination program, the central government's focus now is on getting the economic growth on track and preparing the central budget. Amidst the big expectation in the budget this time around it is possible that a budget incentive may be introduced with a number of incentives, but this budget as well will have an excellent opportunity to book profits in bullish stocks. So it would be advisable to make a profit on the stock surge.

After HDFC Bank, look at SBI Life, HDFC Life

The corporate results season has seen profit booking of funds in the overbought market despite the good results of IT companies like Infosys, Wipro, HCL technology. HDFC Bank's results have also been good overall. The results of SBI Life Insurance Limited and HDFC Life Insurance will be released next week on January 30, 2021. At the international level, the Bank of England and the Bank of Japan will meet next week to discuss the January 31 interest rate meeting. While China's fourth-quarter GDP growth figures will be released on January 12, 2021, and the swearing-in by newly elected US President Joy Biden and Vice President Kamala Harris on January 30, and the US president's next policy decision, . Along with this, the rupee will fluctuate against the US dollar in the coming weeks and the international price of crude oil will be monitored. Between these factors and events, the Sensex is likely to fluctuate between 7 and 8 next week and the Nifty between 15 and 19.

Dark Horse: Bajaj Hindustan Sugar Ltd.

BSE (2000), NSE (BAJAJHIND) Listed, Rs. 1 Paid-up, Company of Shri Shishir Bajaj Group, Bajaj Hindustan Sugar Limited (BAJAJ HINDUSTHAN SUGAR LTD.), Established by Shri Jamnadas Bajaj Company Is. Shri Jamnadas Bajaj started the first plant of India's first sugar mill 20 years ago. India has the highest sugar production capacity of 1,2,000 TCD of any group. The highest recovery rate in India was 11.5 per cent in 2012-13. Bajaj Hindustan Limited alone produces more than 3% of India's total sugar production. The company has procured 3,12,011 metric tonnes of molasses as a byproduct. ૬ Industrial distilleries in distilleries have a capacity of 200 kiloliters per day. The 12 manufacturing units together have the capacity to generate 8 MW of power. In the season 2018-20, the company has set a record by producing 120 million kg of sugar. At present, the minimum selling price of sugar is Rs 31 per kg. The central government is expected to raise the price by Rs 5 per kg, so that if Rs 50 crore is announced in the season 2020-201, it will be able to make additional net profit.

Under the new policy announced by the state government in Uttar Pradesh between 2007 and 2008, the company has set up three new sugar mills and three distilleries. The policy till 2005 was withdrawn by the state government in mid-2009, in which the company filed a civil application in the High Court with principal and interest. The High Court had directed the Uttar Pradesh government to pay the benefits of the scheme to the company for interest on the project completed by Bajaj Hindustan Limited. The Uttar Pradesh government had approached the apex court against the apex court's order, which upheld the apex court's order and ordered the Uttar Pradesh government to pay Rs 151 crore to Bajaj Hindustan Limited in 2017. The company had again filed a contempt of court case (Case No. 303-203 / 2015- CA No. 2181-212 / 2015) in the Supreme Court after the Uttar Pradesh government did not pay Rs 151 crore as per the Supreme Court order till July 2017. The court has given it on Monday, February 8, 2021. The verdict has been passed. The company is expected to add Rs 12.5 per share with a total payment of Rs 151 crore.

(1) The company has an investment of Rs. 1912.5 crore, out of which Rs. 20.61 crore is in the group company and Rs. 2.15 crore is in the other associates of the group.

(3) Success in reducing interest expenses for five consecutive years, current government policy and especially in sugar through good recovery and yield from sugarcane.

Interest Expenses:

Rs 3 crore in March 2016, Rs 206 crore in March 2016, Rs 20 crore in March 2017, Rs 21 crore in March 2018 and Rs 200 crore in March 2020

(4) In the last three years of net loss, Rs. 114.5 crore in March 2016, Rs. 2.50 crore in March 2012, Rs. 5 crore in March 2018, Rs. 5 crore in March 2013, Rs. 5 crore in March 2017 and Rs. 2.50 crore in March 2020. (Excluding Rs. 20.81 crore of unusual investment and losses)

** (2) Expected Net profit in March 2021 is expected to be Rs. 3.5 crore and earnings per share is expected to be Rs. 0.50.

** (2) Expected net profit of Rs. 12.5 crore and earnings per share of Rs.

(2) Book value:

Rs.5.5 in March 2018, Rs.2.5 in March 2018, Rs.2.5 in March 2018, Rs2.5 in March 2018, Rs41.50 in March 2020, expected Rs4.10 in March 2019, expected In March 207, Rs

(2) Earnings per share (EPS):

Negative Rs 1.5 in March 2018, negative Rs 1.05 in March 2018, positive Rs 0.05 in March 2018, negative Rs 4.5 in March 2018, negative Rs 0.2 in March 2020, expected March 301 0.50, expected positive Rs.

(2) Subsidiary and Associate Companies:

(A) Bajaj Aviation Private Ltd. : 100% Holding (BAPL), (b) Bajaj Power Genration Pvt Ltd. : 100% Holding (BGPL), (C) Bajaj Hindusthan (Singapore) Pvt. Ltd. : 100% Holding (BHPSL), (d) PT Baty Bumi Persada-Indonesia- Step Down Subsidiary 3% Holding (BHPSL), (e) PT Jangkar Prima- Indonesia (BHSPL) Associate Company's 2.5% Subsidiary, (f) Bajaj ebiz Pvt. Ltd.-2.50% holding company.

Bajaj Hindustan Limited has invested Rs 3 crore in these subsidiaries and associate companies. While a loan and security of Rs 15 crore has been given. Thus, the company has a total investment of Rs 4,150 crore in its subsidiaries and associates.

(2) Total Debt-Equity Ratio:

1.2 per cent in March 2016, 1.2 per cent in March 2016, 1.2 per cent in March 2016, 1.2 per cent in March 2016 and 1.2 per cent in March 2020

(10) Optional Convertible Debentures (OCD) Company made 2,6,7,8 debentures of Rs.100 each at a rate of Rs.12.5 in the year 2014 subject to the last date of redemption conversion of Rs.2 crore on 31st March, 207.

(11) Sugar recovery ratio from sugarcane:

02.31 per cent in the year 2016-17, 10.7 per cent in the year 2016-17, 10.7 per cent in the year 2016-17, 10.7 per cent in the year 2015-16, 11.5 per cent in the year 2016-17, 11 in the year 2015-16. .91 percent. In the last three years, the sugar recovery has increased by 2.4 per cent from 9.71 per cent to 11.51 per cent.

(12) Valuation: B:

The company had again filed a contempt of court case in the Supreme Court against the Uttar Pradesh government for not paying Rs 141 crore as per the Supreme Court order till March 2018, when the expected earnings per share was Rs 0.50 and expected book value was Rs 2.10 +. The court on Monday, February 4, 2021, awarded Rs 121 crore to the company with an expected increase of Rs 12.5 per share and an expected book value of Rs 3.05 a single B.

Thus (1) Bajaj Hindustan Limited alone has the highest sugar production capacity of 1,2,000 TCD of any group in India, (2) Bajaj Hindustan has more than 2% of total sugar production in India, and (2) India has the highest recovery rate of 11.5%. The company had again filed a contempt of court case in the Supreme Court against the Uttar Pradesh government for not paying Rs 151 crore as per the order of the Supreme Court till July 2018, which was heard by the court on Monday, February 9, 2021. With a payment of Rs. 121 crore, the company is expected to add Rs. 15.5 per share. (2) It has succeeded in reducing interest expenses for five consecutive years. (3) It is expected to post a net profit of Rs. 30 Expected (2) Expected net profit of Rs. 12.5 crore in March 2072 and expected earnings per share of Rs. 1.5 and (2) book value expected at Rs. 3.10 plus in March 2021 plus till July 2018. Uttar Pradesh Government as per Supreme Court order The company has again filed a contempt of court case in the Supreme Court for non-payment of Rs 151 crore. So, the court has given its verdict on Monday, February 2, 2021. With the payment of Rs. 121 crore, the company has added Rs. 15.5 per share against the expected book value of Rs. Available at Rs.

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 is investing in shares of Bajaj Hindustan Sugar Limited. (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 a 30% stop loss from the Reachers price, in particular, is advice and warning. (2) Valuation H, B, 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. This type of research is excellent. (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.