The Sensex will hit between 60777 and 59333 in the new week

(Gujarat News Correspondent) MUMBAI: Local funds and booming local experts in the Indian stock market, despite high net worth investors selling off foreign funds-foreign portfolio investors last week, bought shares in the Reliance Industries after trading in shares of unscrupulous Tata Group companies. The massive buying has pushed the Sensex above 30,000 and brought the Nifty closer to 15,000. Of course, the stock market is re-emerging a trade-to-trade weapon to divert investors to invest in companies with good fundamentals so as not to entrap investors in weak and speculative stocks. Mid-cap stocks are likely to retain the attractiveness of the choice. Next week, the Sensex could be seen hovering between 205 and 6 and the Nifty spot between 12111 and 12.

Dark Horse: VISAKA INDUSTRIES LTD.

Rs.10 paid-up, BSE (2020), NSE (VISAKAIND) rjMxuz, J »to 1985btk M: vtguje rJNtft ELzMx [eÍ rjrbxuz (VISAKA INDUSTRIES LIMITED) ISO 9001: 2008, 2004, ISO 9001: 2000, OHSAS 18001: 1999, ISO 14862: 2000 Certified Green Pro Certified, manufactures asbestos-cement roofing sheets (ACS), non-asbestos cement boards and panels (CBP) and synthetic blended yarns. The company was the seventh largest company in India in terms of volume of cement asbestos product manufacturing in 18 years, now becoming the second largest company with a 12 per cent market share in cement asbestos across India and a 5 per cent market share in boards and panels. In the country's organized cement asbestos market with Vishaka and Shakti brands under company Vinext Roofing with Vibord, Atom product, V-Infill, V-Next, Viprium A category boards, Wiplank exterior grade material, Vipanel light weight EPS concrete with its own Has a reputation.

Manufacturing Facilities: Fiber Cement Roofing Division-Plants in each State in Telangana, Tamil Nadu, West Bengal, Karnataka, Uttar Pradesh, Andhra Pradesh, Odisha, Maharashtra. Cement asbestos products with a total installed capacity of 3.04 lakh tonnes per annum as per FY 2020-21 with a total of 12 manufacturing facilities in Boards Division Haryana and Atom Division Telangana with a capacity consumption of 5% and an annual capacity of fiber cement sheets. Holds 61%. Together, these building products have a capacity of 2,31,60 tonnes. In addition, textiles have a capacity of 8 spinning positions which is equivalent to 2.50 ring spindles and have a capacity consumption of 50%.

The company has the highest installed capacity in non-asbestos cement boards and panels (CBP). The company's CBP plants are located at Mirayalaguda-Telangana and Daund-Poona, Maharashtra. The company manufactures a wide range of CBP products under the V-Next brand, which is in high demand in India and abroad. As the demand for CBP products is picking up, the growing demand from this sector has become a new avenue for the CBP industry. The non-asbestos business accounted for 41 per cent of the company's revenue in 2020-21.

Intends to repay the entire debt in the current year: The company has earned a cash profit of Rs 150 crore in the financial year 2020-21. 15.50 per cent of which has been paid to the shareholders as dividend. Out of the remaining, the company has invested Rs 2 crore, or 5 per cent, in the board unit of the non-textile non-roofing business-Coimbatore. The company has repaid a debt of Rs 15 crore in the year 2020-21. The company intends to repay the entire debt and become net debt free by 2021-2. At the end of March 31, 2021, the company had a net worth of Rs 3 crore, a long-term debt of Rs 5 crore and a short-term debt of Rs 5 crore.

Promoters increase shareholding: The company has allotted 0.50 per cent new two lakh shares to the promoters at Rs 41 per share and 15 lakh convertible warrants at Rs 21 per warrant. Thus, the promoters have indirectly acquired 18 lakh shares in the company and invested Rs 2.5 crore. With the full conversion, the promoters' holdings in the company will increase to 6.15 per cent. Thus, the holding of promoters in the company which was 31.50 per cent as on September 30, 2016 was 2,31,8 shares, in a way it is 20, 2,8,17 shares as on June 2021, i.e. 4.5 per cent Lakh shares were bought at Rs 41 per share. Of these, 2,8,308 shares were bought from the open market between October 1, 2012 and June 20, 2020. As on June 30, 2021, the promoter's holdings in the company have gone up by 7.5 per cent. Which is about 2.5 per cent subject to full conversion.

Dividends: 20% in 2015, 20% in 2015, 20% in 2014, 30% in 2014, 30% in 2015, 20% in 2020, 120% in 2020, 150% in 2021

Book Value: Rs.507.15 for March 2016, Rs.412.5 for March 2016, Rs.4.5 for March 2016, Rs.50.5 for March 2016, Rs.412.5 for March 2016, Rs.412.51 for March 2020 , Rs. 4 of March 2021, expected Rs

Financial results:

(1) Full year April 2020 to March 2021:

Net income rose from Rs 107.01 crore to Rs 117.50 crore, NPM net profit rose by 6.8 per cent to Rs 2.50 crore, an increase of 12.5 per cent to Rs 110.5 crore, earnings per share stood at Rs 31. Achieved Rs.

(2) First Quarter April 2021 to June 2021:

Net income rose 2.4 per cent to Rs 21.15 crore from Rs 4.5 crore, NPM net profit rose 11.5 per cent to Rs 20.5 crore from Rs 2.7 crore per share, up 11.5 per cent. Quarterly income has increased from Rs.21.5 to Rs.2.5.

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

Out of the expected net income of Rs 1,412 crore, NPM is expected to be 2.7 per cent, net profit of Rs 19.15 crore and earnings per share of Rs 41.5.

(2) Valuation: B:

Cement, Cement Products Industry's average P / E against the average of 12 P / E of the company is limited to 11 P / E that the company can get up to Rs 4 per share valuation single B. The share is currently on the NSE, BSE at the current price of Rs 3.15. A P / EA of only 3.15 is available against the expected earnings.

Thus, (1) Cement Asbestos Product Manufacturing with a capacity of 2.08 lakh tonnes, the largest company in India with a market share of 15% and a company with a market share of 5% in boards and panels. Leading Company in Interior Roofing with Capable and Solar Roofing Panels (2) Due to very successful monsoon in the country this year, expected good demand from rural roof customers The stock is currently available on the NSE, BSE at a price of Rs 2.15 against a expected book value of Rs 3 with a P / EA of Rs 3.15.

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. (4) 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.