The new week will see the Sensex close above 58888 and 59444

(Gujarat News Correspondent) MUMBAI: Indian stock markets, which have been hitting new highs in a historic uninterrupted rally, have now reached a critical juncture. Investors, players and funds are also cautious, saying that many stocks in the market, which has so far been consistently bullish, ignoring all the negative factors, have seen valuations plummet and now that a big correction has become inevitable for market health. With the Sensex moving towards 30,000 and the Nifty moving towards 30,000, it is difficult to predict what will happen in the market and how long it will take to see a new peak. Don't be surprised if there is always a trend to bring the market into the correction zone after the recessionary ones get tired and the bullish stagnation in the fight for the bullish stubbornness. Of course, with this, the market is booming in the current bullish trend and it is technically showing that closing above 1600 in Nifty is very necessary to keep this boom going. If the Nifty stops jumping to this level, it could move towards 1500. According to which, Nifty can be seen closing above 15. When the Sensex closes above 7, 3 can be seen. On the economic front, next week will see the release of the August 2021 Wholesale Price Index (WPI) for September 20, 2021.

Dark Horse: Pondy Oxides & Chemicals Ltd.

Only BSE (2) listed, Rs.10 paid-up, started as a public limited company on March 15, ISO 9001: 2015, Two Star Export House, Pondy Oxides & Chemicals Ltd., India's leading lead -Manufacturer of lead, lead alloys and plastic additives. The company has a brand listing certificate of its own, The London Metal Exchange, one of the two leading manufacturers of lead. The company, which is 100 per cent active in the recycling business, is currently expanding its capacity of lead-lead and lead alloys by setting up one more state-of-the-art smelter in South India. At the same time, the company is constantly improving the process to ensure an increase in the value of each of its stakeholders, as well as investments and technology upgrades, keeping pace with international standards. The company manufactures high quality lead and lead alloys as well as PVC additives and supplies its customers mainly to battery manufacturers, chemical manufacturers and PVC extruded and molded products, chemicals manufacturers. The company supplies 90% of its total production to a number of its international customers. Which is not limited to just South Korea, Japan, Indonesia and the Middle East, supplying products to customers around the world.

The company has a strong network of suppliers in India and around the world for the purchase of its raw material lead based waste. The company offers all forms of lead scrap, cable sheathing, tubes, pipes, sheets and others. , Lead ore, lead constraints, any other lead-lead containing material-scrap. The company is emphasizing recycling, committed to preserving the environment.

Manufacturing Facilities and Products: The company has a capacity of 150,000 tonnes per annum through manufacturing units in Sriperumbudur-Tamil Nadu, Chittor-Andhra Pradesh and a capacity of 12,500 tonnes per annum in the Zinc Division. The company's products include lead-lead, lead alloys, calcium alloys, antimony alloys, master alloys, tin alloys, babit alloys, zinc oxide, white seal, pure grade. The largest use of lead is in the lead acid battery industry. It is also used in radiation shielding, ammunition, roofing sheets, extruded products, solders in electronics, plumbing and the automotive industry. Some other uses occur in cable sheathing, pigments, glass and others. Zinc oxide pure grade is used in rubber compounding, glass, ceramics, paints, adhesives, porcelain, lighting arresters, pharma and cosmetics.

Production growth target of 2% in two years: The company, which is active in the 100% recycling business, is getting 5% of its total business from lead alloys and the rest from zinc alloys. Lead alloys account for 40% of sales from India and the rest through exports to international markets. Since FY17, the company's international business has grown at a strong CAGR of 30 per cent in the last five years, while domestic business has grown at a CAGR of 3 per cent. The company currently has a capacity of 1.5 lakh tonnes of lead alloys. As on March 2021, the company has produced 5,000 tonnes of lead alloys. The closure of the plant affected production and the supply chain. The company intends to achieve a production of 60,000 tonnes of lead alloys with a growth of 3 per cent in FY 205 and a growth of 20 per cent on a consolidated basis of 1.3 lakh tonnes in FY 205. Thus, it aims to achieve 3% growth in production in two years. The company does not do speculative work in the lead business and the company enters into long-term contracts with its buyers and sellers. The company currently has a turnover of Rs 1,000 crore in FY 2021, which it aims to reach Rs 2,000 crore in FY 205. Along with this, the company intends to venture into new businesses including copper recycling, zinc value added products and other value additions. The company intends to generate 4% of its total revenue from these other value-added businesses and 5% from lead alloys by FY205. The company also plans to collaborate strategically with corporate and individual enterprises for new ventures, according to our research sources. Accordingly, the company management is also confident of strong sales and profitability in the coming years.

Shareholding Parton: Promoters hold 4.5 per cent, Ramesh Shantilal Tolat has 1.2 per cent among individual shareholders, Sangeeta S. Has 6.15%. Individuals with an individual share capital of up to Rs 3 lakh have 4.5 per cent.

Book Value: Rs.5.5 for March 2018, Rs.4.5 for March 2020, Rs.2.5 for March 2021, Rs.5.5 for expected March 205, Rs.505.5 for expected March 203

Financial Outcome:

(1) For the full year April 2020 to March 2021: Net income decreased from Rs.1215.8 crore to Rs.1008.5 crore and net profit decreased from Rs.12.5 crore to Rs.10.5 crore and earnings per share was Rs. 1.1 to Rs.

(2) First quarter April 2021 to June 2031: Net income increased by 3% to Rs. 4.5 crore as compared to Rs. 18.5 crore and net profit increased by Rs. Quarterly income has increased from Rs 4.5 to Rs 12.5.

(4) Expected full year April 2021 to March 303: Earned net income of Rs. 18.15 crore and net profit of Rs. 3.5 crore and earnings per share of EPS is expected to be Rs.

(4) Expected full year April 307 to March 303: Net profit expected from Rs. 18.12 crore to net profit of Rs. 20.5 crore and earnings per share - EPS is expected to be Rs. 20.15.

(2) Valuation: BBB: Even if the company is limited against the industry average P / E of 5, if we give a P / E of 12, the valuation can be as high as Rs. Which can be considered for short, medium and long term investments and don't be surprised if this stock becomes a multibagger in the long run.

Thus, (2) one of the two leading manufacturers of lead-lead with a holder of 2.3 per cent, (2) one of its own two-star export house with the brand listing certificate of the London Metal Exchange, and (2) two of the 100 per cent active recycling With a target of 1.50 lakh tonnes of aggregate production of lead alloys on a year-on-year basis. (2) Expected earnings per share in expected full year 2021-2 against Rs.50 and expected expected earnings per share in full year 205-2 against Rs.30.15 per share at present on BSE only at Rs. A P / EA of 7.5 and a P / EA of 7.5 are available against the earnings for the year 207-2.

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 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. (2) 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.