The new week will see the Sensex break 58,111 to 57,777

(Gujarat News Correspondent) Mumbai: On the global front, China and European countries, the UK. Corporate India's performance is expected to recover further in the coming days, as the situation of the NG-Power Crisis in India and the loss of industries with factories in China are projected to benefit Indian industries. With this position of Advantage India, the monsoon has been successful in the country and with the rapid recovery in the rural economy in the coming days, the U-Saip recovery is likely to be completed in the country now that the cities and industries of the country are recovering from the Corona epidemic. Sentiment is likely to improve in the coming days as the positive effects of the measures taken by the Modi government to accelerate industrial and economic recovery are still expected in the coming days. At present, Indian stock markets are witnessing a long-awaited healthy correction due to global factors. New records near Sensex 30,000 and Nifty 15,000 are currently giving Sajin a break and correction. But funds in the side market i.e. small, mid cap, cash segment stocks, large investors are strengthening their portfolios by revaluation, revaluation with revaluation. So even in the coming week, the Sensex, Nifty based still small, mid-cap stocks are likely to maintain the attraction of choice amid the possibility of correction.

Look at the Reserve Bank's lending policy review: Index-based correction still likely before company results season begins

The decision of the Reserve Bank of India to take interest rate in the lending policy review on Friday, October 6, 2021 next week will be a step towards encouraging industries, corporate India and adopting a new soft policy in the direction of accelerating industrial recovery. With the corporate results season now set to begin a week after the end of September 2021, the market is still in a correctional mood ahead of the results season, which is likely to pick up again after consolidation and set new records. India's market services PMI for September next week will be released on October 3, 2021 and the US dollar against the rupee as well as international crude oil prices. As there is a Golden Week holiday in China from October 1 to October 2, 2021, there will be an absence of China factor as the markets are closed.

Dark Horse: Triton Valves Ltd.

Listed only on BSE (404), Rs.10 paid-up, established by MV Gokaran in the year 19, ISO 14001, IAFT 16949, BS OHSAS 18001: 2007 certified, in the year 2010 through 3: 1 share bonus issue. The company has rapidly emerged as a market leader in India since Triton Valves Ltd. (TRITON VALVES LTD) started manufacturing valves for the tire and inner tube industry in the year 19 with an equity bonus of 5%. With the rapid growth of the automobile industry in India in recent years, the company is the largest manufacturer of tire valves in India. With the invention of tubeless tires, Triton started manufacturing tubeless tire valves and the company has become a tier 1 and tier 2 supplier to the automobile industry. With the company's strong R&D and focus on product quality, Triton Precision Manufacturing has a wide range of customers from air conditioning and hydraulics to aerospace, mining, defense and industrial HAVC & R industries, electric vehicles and a wide range of companies.

Manufacturing facilities and industries:

The company has a total of five manufacturing facilities. Four are in Mysore and one is in Jalisana. It has its headquarters in Bangalore and manufacturing facilities in Mysore as well as an R&D center. The company exports to North America, Latin America, Africa, Asia Pacific and the Far East. The company also has warehouses in Bengaluru, Chennai and Delhi. The company has various industries including tire and tube valves, automotive, truck and bus wheels, automotive air-conditioning, tire pressure monitoring, industrial and home air-conditioning, electric vehicle, aerospace and defense as well as mining and mining.

Group companies:

The Triton Group has four companies. Holding company Triton Valves Ltd., other companies Triton Wolves Future Tech Pvt. Ltd., Triton Valves Climatech Pvt. Ltd. Triton Valves Hong Kong Ltd. They are 100% wholly owned subsidiaries.

Products:

The company's products include valves for tubes, valves for tubeless and TPMS, valve course, auto-air conditioning valves, industrial and home air conditioning valves, valves for components and CTIS, Flash Booster.

Customers:

Tire and tube valves include Apollo, Birla Tires, Balakrishna Industries, Bridgestone, Ciat, Continental, Excel, Goodyear, JK Tires, MRF, Rubber King, TVS Tires and more than 7 customers. Honda Two-Wheelers, Hyundai, Mahindra, Maruti Suzuki, Tata, Toyota, TVS, Renault Nissan, Yamaha including 6 customers, Ashok Leyland in trucks and buses, Daimler, Force Motors, Maxion Wheels, Steel Strip Wheels, Wheels, India India Ltd., Ibers in Automotive Air-Conditioning, Mahale, Sanden Development India, Sebros, Orend Electronic in Tire Pressure Monitoring Systems, Standard Motor Products Inc., Tires and Trims, Tamtics, Industrial & Home, -Chi Cooling Solutions, Ice Mac, Ingersoll Rand, Lloyd, Schindler Electric, Electric, Sanraj Industries, Werner Finlay, Jamil Air Conditioning, ARL Tires & Tubes in Aerospace and Defense, Ashok Leyland, India Earth Move SafeSure Runflat Systems, Tata Motors, TTGA, Wheels India Ltd., Aether in Electric Vehicle, Hero Electric, Atlas Kopco in Mining and Construction, Bharat Earthmovers, Cylite, Deuze, JCB, LeBoy, LJ TCR Including.

The chairman of the company, S. That. The company has seen a significant improvement in its customer profile, according to a statement from Welling in its annual report. The company is a preferred supplier to automobile companies as well as air-conditioning, defense and aerospace companies. The company has achieved good performance in all parameters.

Book value:

Rs 2 in March 2020, Rs 30 in March 2021, expected Rs 30 in March 206

Dividends:

With a track record of paying dividends continuously for 3 years, 200 per cent in 2010, 100 per cent in 2011, 90 per cent in 2012, 40 per cent in 2012, 40 per cent in 2012, 90 per cent in 2012, 120 per cent in 2012, 120 per cent in 2012 and 2013 120 per cent, 120 per cent in 2012, 150 per cent in 2020, 200 per cent in 2021

Share holding pattern:

Promoters own 2.50 per cent, Raghunath Shenoy has 2.4 per cent and corporate bodies have 1.4 per cent. While individual shareholders with up to Rs 3 lakh have 7.5 per cent.

Financial results:

(1) Complete Fiscal Year April 2020 to March 2021:

Net income rose 2.6 per cent to Rs 2.15 crore from Rs 316.50 crore, net profit rose 2.7 per cent to Rs 2.50 crore from Rs 4.5 crore, earnings per share stood at Rs 4.5 crore. Achieved Rs.

(2) First Quarter April 2021 to June 2021:

Net income rose to Rs 2.81 crore from Rs 20.8 crore, compared to a net loss of Rs 2.71 crore in the same period last year, with a net profit of Rs 1.16 crore and a quarterly earnings per share of Rs 10.8. Is.

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

Expected net income is Rs. Earnings per share is expected to be Rs 120.18 with an expected net profit of Rs 15.5 crore through Rs 2.5 crore.

(2) Valuation: B:

Even if we give the company a P / E of 12 against the average P / EA of 8 in the auto ancillary industry, the valuation will be Rs. The stock is currently only available on the BSE at a price of Rs 12.10 against the expected earnings of P / EA of 10.8.

Thus (1) with 2.50% promoter holding (2) 3% bonus equity in total equity and 3% original equity (3) with track record of paying dividends continuously for 3 years (3) India's largest tire valve manufacturing and manufacturing Leading company manufacturing, supplying valves and components for industries including aerospace, mining, defense and industrial HVAC and Rs. Performer (2) Expected EPS-earnings per share in the expected full year 2021-2 is Rs.150.15 and the expected book value is Rs.50 / - per share at present on the BSE at a price of Rs.12.10 only P / EA of 10.8.

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, such as broking houses, 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 else of Gujarat Samachar will not be responsible for your loss. So invest by recognizing the risk of the stock market.