The new week will see the Sensex close at 61333 and 61933

(Gujarat News Correspondent) MUMBAI: Uncertainty is rife in global markets amid rising global inflation, with Corona raising its head again and other countries in Europe, including China, and the US signaling a retreat in stimulus. Corporate India, too, is worried about the current state of inflation and has started building bridges before the floods, giving a clear signal that if inflation does not come down in the coming days, it will have an impact on corporate results.

With this situation, Indian stock markets, including the former deputy governor of the Reserve Bank of India, have started signaling investors to be cautious, stating that stocks are overvalued and that the real picture of the economy is exaggerating. But the government and the Reserve Bank of India seem to be trying to maintain their policy of maintaining bullish sentiment in a Yankee manner, keeping inflation in check and keeping everything in check. Given the fact that the majority of global experts, economists, and critics are now warning about inflation, it is highly advisable to stay away from over-valuation rather than profit-booking in the existing market.

Of course, as mentioned earlier, it would be advisable to book a profit of 50%. The situation could worsen in the days to come as foreign portfolio investors continue to sell in large numbers and in such a situation it becomes difficult to sell stocks and it becomes necessary to book profits in anticipation that profits will remain in the market.

Next week, the wholesale inflation figures for October will be released on November 12, 2021. On the same day, the market will be watching the release of Industrial Production Growth (IIP) for the month of October 2021 and China's retail sales figures.

Along with this, the market will keep an eye on the international price of crude oil as well as fluctuations in the value of the US dollar against the rupee. Among these factors, the Nifty spot could close at 12 next week at 16 and the Sensex at 215 at 216.

Dark Horse: Morganite Crucible India Ltd.

Rs.5 paid-up only, BSE listed (code no. 2120), ISO-9001: 2008 Certified plant, Morganite Crucible India Ltd. Based Morgan Advanced Materials Company is a subsidiary of Plaque, a 5% holding in India. The company is a leading manufacturer of high-functioning crucibles, foundry consumables and allied refractory products. The company is mainly involved in the manufacturing of silicon carbide and clay graphite crucibles and its accessories.

Company U.K. Is part of Molten Systems (MMS), a division of the located Morgan Advanced Materials Plaque. Focuses on providing melting solutions. Molten Metal Systems is a company specializing in technology perfection and offering crucibles and engineered consumables to the metal industry. With the company's extensive knowledge and applications, Molten Metal Systems is able to provide instant feedback to customers worldwide. The company has a good understanding of emerging technology. With the parent company’s digital interventions, strong technological capabilities, the company can remain at the forefront of the market. The company provides personalized products while understanding the needs of its customers.

Manufacturing Facilities-Expansion:

The company has high-tech manufacturing units in Aurangabad and Mehsana in India. With strategic manufacturing facilities, the company facilitates customers worldwide through its extensive sales and distribution network in India and around the world. In FY17, the company had given approval for expansion of Clay Graphite Products at Aurangabad site. The company is expanding with a strategic focus on large size ISO pressed crucibles and non-core business in accessories and foundry products. The company has completed the project in FY2021 despite delays due to nationwide lockdown. The company has decided to shift the Mehsana Union's business plant and machinery to the Aurangabad unit in Maharashtra as part of Project Avatar Phase Tuna. The company plans to invest Rs 12.5 crore for the implementation of the second phase of the project incarnation. Project expansion includes internal rearrangement to improve plant layout, acquisition and installation of high capacity ISO press line and placement at other plant and machinery site. Through the Brownfield expansion, the company aims to increase revenue by reducing its product mix, reducing manual interference through maximum operations, and providing good quality ISO pressed products. In the financial year 2020, the company has stopped operation of Mehsana plant in phases from February 1, 2020. The company had spent Rs 2.09 crore on assets transportation and restoration charges at Aurangabad in FY2050. In the financial year 2021, the company has agreed to sell the company's land and building assets in Mehsana-Gujarat to Manmohan Steel Traders for Rs 2 crore. Following the transfer of this business, the company has offered to transfer the employees and workers of Mehsana unit to Aurangabad unit and to provide voluntary retirement scheme to those employees who do not wish to be transferred. But no employee is willing to take VRS, reversing this full Rs 2.10 crore provision has been shown in the extraordinary item in the second quarter of FY207. The company has procured electricity from MSEDCL for industrial use at a huge cost. So the company has signed Power Purchase Agreement with Amplus Sola for installation of 3 KWP at Aurangabad site and has completed the first phase of 50 KWP installation.

The company's major customers:

Leading customers of the company include Tata Group, Indian Railways, Jindal Show, Titan Company Limited, Sundaram Clayton Group and Mahindra CIE and Bajaj Auto.

Dividends:

30% in 2014, 200% in 2014, 150% in 2014, 150% in 2020, special 20% less dividend in 2021 (Rs. 2 per share)

Book value:

The book value is shown in brackets as Rs. 3 paid-up. Rs.5.5 (Rs.13.12) for March 2018, Rs.0.02 (Rs.12,8) for March 2020, Rs.4.5 (Rs.12.5) for March 2021, Rs. 302.5 (Rs. 201.3), expected March 303 Rs.

Financial Outcome:

(1) Full year April 2020 to March 2021:

In FY 2021, the company's other income fell by 3% to Rs 3.05 crore and provision for depreciation increased by 3% to Rs 4.5 crore, for extraordinary items to Rs 4.5 crore (Rs 2.1 crore under VRS scheme and assets). It has recorded a net loss of Rs 5 lakh this year over Rs 1.5 crore for transportation. For the full year, the company's net income fell to Rs 107.5 crore from Rs 12.5 crore, with a net profit of Rs 19.17 crore and a net loss of Rs 5 lakh, earning Rs 11.5 per share.

(2) Second Quarter July 2021 to September 2021:

Net income rose to Rs 4.5 crore from Rs 4.5 crore, net profit rose to Rs 4.5 crore from Rs 1.5 crore, quarterly earnings per share increased from Rs 4.31 to Rs 3.5 crore. Have achieved.

(2) First Half Yearly April 2021 to September 2021:

Net income increased from Rs. 31.8 crore to Rs. 31.8 crore and net profit increased from Rs. 20.5 lakh to Rs. 11.5 crore. EPS per share increased from Rs. 31 have been achieved.

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

The expected earnings per share for the full year is expected to be Rs 6.5 crore with net profit of Rs 21 crore out of the expected net income of Rs 12.50 crore.

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

Net profit is expected to be Rs 12.5 crore, net profit is expected to be Rs 2.50 crore and earnings per share is expected to be Rs 4.5.

(2) Valuation: B:

As this MNC company is reserving P / E of 2 against the average P / E of the industry, even if we give the same P / E, the valuation is single B so that the share can go up to Rs.

Thus (1) is a leading manufacturer of high-funding crucibles, foundry consumables and allied refractory products with a holder holding promoters of 3% multinational group. The company is mainly engaged in manufacturing of Silicon Carbide and Clay Graphite Crucibles and its accessories. Expected earnings per share for the year April 2021 to March 203 Rs. 3.50, expected book value Rs. Earnings per share of Rs. 3.5 and expected book value of Rs. A P / EA of Rs.50 is available against a P / EA of 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 has no investment in the shares of the above companies. (2) Our resources for researchers such as broking house, promoter views, personal research analysts, portfolio management or their team may be of direct or indirect interest. (2) Maintaining 30% stop loss from the price of Reachers, in particular, is advice and warning. (2) Valuation H, BB, BBB, Top Gainers These are all possibilities, so don't invest temptingly. (2) Generally, out of every 10 scrips, 2 scrips are true and 4-5 scrips are false. This type of research is excellent. (2) Feedback E-mail: All the above points are also applicable 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.