The four-day week will see the Sensex close above 58777 and 59333 close

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(Gujarat News Correspondent) MUMBAI: Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) have become major buyers in Indian stock markets, ignoring all the negative factors. After a third wave of Coro's transition worries and geopolitical tensions, a resumption of good monsoon against high crude oil prices with inflationary factors and a sign that the US Federal Reserve has stopped stimulus earlier, employment growth in the US has slowed. The positive effect of the clear statement made over the weekend on continuing ie tapping will not be immediate will be seen in the Indian stock markets opening next week along with the global markets. With the US stimulus continuing and the consequent influx of foreign funds, stock markets are likely to remain bullish for now. After a short-term shock in the small, mid-cap and cash segments, the broad-based boom seen again last week has led to a resurgence of funds, players re-activating the market and re-rating of stocks according to the company's fundamentals. But even though the stocks of many companies are still bullish on speculative storms despite weak fundamentals, the market is being red-lighted with constant warnings that it is risky. The Sensex, the Nifty's record highs in stocks, tensions in the weak stocks to be careful not to fall.

Stock markets will be closed on Ganesh Chaturthi Friday: IIP July figures, monsoon progress, corona transition

The stock markets will be closed next week on the occasion of Ganesh Chaturthi on Friday, September 10, 2021. So in the next four trading days, stock markets are eyeing a weakening growth in employment in the US. Givers are likely to continue to flow to new heights that are still giving and record highs. With this rally, many companies are likely to be re-rated in the coming days, which is likely to increase investment in stocks with good fundamentals. Global markets will be eyeing geopolitical tensions over Afghanistan next week, with domestic monsoon progress and fluctuations in the value of the US dollar against the rupee and international crude oil prices. With this, over the weekend, India's Industrial Production Growth (IIP) for the month of July 2021 will be released on September 10, 2021. Among these factors is the transition of the Corona Delta to the UK on the global front. And the rising number of cases in Asian countries and at home in states including Kerala will keep an eye on the worrisome situation. Among these factors, in the next four days, the Sensex may close at 7 and the Nifty spot may close at 12.

Dark Horse: SAMKRG PISTONS & RINGS LTD.

Listed only on BSE (2007), Rs.10 paid-up, holding 7.5% promoter holding, 50% cum-dividend, auto ancillary industry company, Semkrg Pistons & Rings Ltd. (SAMKRG PISTONS AND RINGS LTD). , Pistons Pins, Pistons Rings and Circularis are manufacturing for Automotive Markets. TS-12, ISO 2001, ISO 15001 and OHSAS 12001 Certified, Company S. Is a company founded by DM Rao and supplies two-wheeler and three-wheeler segments as well as four-wheeler parts as well as certain generator sets. The company has products for pistons and rings for diesel and CNG engines and new opportunities in the automotive segments are constantly emerging. The company has fully developed and revalued its products as per BS-Six standards for all OEM suppliers and has started supplying products in orders as per these standards. The company is meeting customer expectations by obtaining technical support from Japan as part of a cost-effective measure.

Manufacturing facilities:

The company has a total of four manufacturing plants. One and two plants in Sangareddy district near Hyderabad are in Srikakulam district of Andhra Pradesh. While the main plant has manufacturing capacity of both pistons and rings at Bonthapalli near Hyderabad, for manufacturing of Warisam plant rings in Srikakulam district and for manufacturing of Arianama Akkiwalasa plant pistons. These four plants are located in a total area of ​​1,09,600 square meters with a cover area of ​​6 square meters. The company has a total capacity of 12 lakh units of piston assembly and 3 million units of piston rings-cast Aryan and steel rings. Which has good exports due to its proximity to international airports and sea ports. The company has its own in-house design facilities.

Leading customers:

The company has local customers including Kawasaki, Honda, Royal Enfield, TVS, Bajaj, Mahindra, Piaggio, Vespa, Kirloskar, VST Tiller, Greaves Cotton, LML, Honda Power, Atul Auto. Exports include the company's Piaggio, Nor Brimse, Motoco-Czech Republic, Yamaha M&M, Techmot-Poland, DerbyCompany, Reliance Parts USA, Bendix, HisPakold-Spain, TVS Logistics Iberia, Technamotor Torino, among others. Is exporting its products to 7 countries.

The company derives 7% of its total revenue from local original equipments manufacturers (OEMs), replacement and export sales of parts for two and three wheelers. The company currently has a negligible presence in the four-wheeler segment, but its share of revenue can change through any expected opportunities in this segment. The company plans to expand its presence in the export market as part of its plans to expand its presence in Germany, Russia and the UK. And the focus has increased on France as well as other countries in Europe as well as countries including Brazil. Through which the company plans to get 40% of the total sales turnover in the next two years. The company has seen a recovery in operations with a 4 per cent decline in sales in the full financial year 2020-21, a 14 per cent decline in sales and a 4 per cent increase in sales from April to June 2021 in the first quarter of the current financial year 2021-2 and a 4 per cent decline in net loss.

The company has won awards including Quality Gold Award for the year 2017-20 from Bajaj Auto Limited, Motorcycle and Scooter Spare Parts Quality and Delivery Award for the year 2017-20 from Honda Motor India.

Dividends:

20% in 2014, 30% in 2014, 30% in 2020, 20% in 2021

Book value:

Rs.19.5 for March 2018, Rs.12.5 for March 2018, Rs.150.15 for March 2020, Rs.12.5 for March 2021, Rs.12.05 for March 203 expected

Financial Outcome:

(1) Full year April 2020 to March 2021:

EPS-earnings per share fell by Rs 12.5 crore to Rs 12.5 crore, down 12 per cent from Rs 18.50 crore, with net income down five per cent to Rs 2.8 crore from Rs 4.81 crore. Achieved Rs.12.5.

(2) First Quarter April 2021 to June 2021:

Net income rose 5 per cent to Rs 4.5 crore from Rs 12.5 crore, net loss fell by 3 per cent to Rs 1.08 crore from Rs 2.15 crore in the same period last year, and EPS minus Rs 1.05. Is.

(2) Expected full year April 2021 to March 303:

Earnings per share-EPS is expected to be Rs 3.18 with a net profit of Rs 4.5 crore out of the expected net income of Rs 4.5 crore.

(2) Valuation: BBB:

Valuation triple BBB so that the share of a company with a P / E of 12 against the average P / E of 8 in the auto ancillary industry can cross the expected earnings of Rs.

Thus (1) supplying and exporting engineered pistons, pistons pins, piston rings to two-wheeler and three-wheeler segments as well as four-wheeler parts as well as certain generator sets companies with (1) 2.3% promoter holding (3). In the first quarter of the current financial year 2021- April, from April to June 2021, sales increased by 3% and net loss decreased by 9%. These Rs 10 paid-up shares are available on the BSE at a price of Rs 15.5 with a P / EA of 20.5 per cent cum-dividend against Rs 13.05.

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. (3) 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.

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