The Sensex will hover between 59666 and 57666 in the new week

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(Gujarat News Correspondent) MUMBAI: As per the Union Budget forecast made here last Sunday, Finance Minister Nirmala Sitaram has not allowed the stock market sentiment to falter by making provisions. Asked to stay away from short or long position trading on budget day. On the day of the budget, the players were fed up by calling for a two-way frenzy and said here on Sunday last week that ....

(1) No change will be made in long term capital gain. (2) On the day of the budget, it is our advice not to trade in stocks or to take a long or short position until the fineprint of the budget provision i.e. the real meaning of the provisions is understood and clarified. (2) Incentive provision is likely to be made in the budget this time for IT software, infrastructure, cement, steel, oil and gas, housing finance industries. (4) Disinvestment-privatization in more PSU-public enterprises is likely to be announced in the budget in the year 205-2. (2) We estimate that there will be no new increase in the budget this time on taxes on cigarettes and tobacco. The budget is presented as per our maximum estimates above. The Union Budget has made incentive provisions for industries including infrastructure, cement, steel, housing finance and no new tax on cigarette-tobacco has been increased.

Rising Inflation Risk: Crude Oil Brent Crosses ૯૩ 5 Surveillance: Look at Reserve Bank Lending Policy Review

Inflation is becoming a daily threat to the world, with international crude oil prices surpassing the Brent સપાટી 5 level despite OPEC's decision to increase production in March. On the domestic economic front, with strong growth figures, the Union Budget welcomed the budget for two days as there was no negative provision for the market as predicted from here last week. Budget Day showed a two-way indefinite big banging move. Despite the risk factor of inflation, the US Federal Reserve has postponed raising interest rates until March. But interest rates have been raised twice by the Bank of England. The Reserve Bank of India (RBI) will also continue to raise concerns about inflation in the forthcoming lending policy review, as market sentiment will not pick up until LIC's mega IPO and state elections in India, but interest rates are unlikely to be raised. Among these factors, the Sensex is likely to fluctuate between 7 and 8 in the coming new week and the Nifty between 15 and 19.

Dark Horse: Nahar Spinning Mills Ltd.

ISE 900N, listed on BSE (2005), NASE (NAHARSPING), Rs. 3 paid-up, holding 3.71% promoter holding, started in 190 as a Private Worsted Spinning and Hosiery Unit in Ludhiana and became a public limited ISO 900N (Netherlands), IS 14002, Oeko-Tax-BIs & DNV (Netherlands) Certified, with plants at seven locations in the country, exporting 40% of total product sales, one of the largest integrated textile companies in India, Nahar Spinning Mills Ltd. The company has been growing steadily in the manufacturing and export of woolen / cotton hosiery knitwear and woolen textiles and is doing well in the export sector by becoming a recognized export house. The company has a capacity of 2.5 lakh spindles and 1060 rotors. The company has a daily production capacity of 50,000 units of garments. The company's range of garments includes T-shirts, polo shirts, sweatshirts, sportswear, rugby shirts, crew / V-neck tops, fleece hooded tops, jackets and pants.

Nahar Group:

Also known as OWM Group, in addition to textiles, it has sugar manufacturing, BOPP films, investments, financing, financial advisory, solar power generation, wind mills and non-conventional co-generation power plants. Group companies: Oswal Woolen Mills Ltd., Nahar Spinning Mills Ltd., Nahar Industrial Enterprises Ltd., Nahar Poly Films Ltd., Monte Carlo Fashions Ltd., Cotton County Retail Ltd., Nahar Capital & Financial Limited. Is active through.

Export:

The company is exporting more than 90% of its products. The company exports to USA, UK, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt and Russia. Is doing.

Leading customers:

The company’s international major customers include GAP, OLD NAVY, BANANA REPUBLIC, CHAPS, PHIILLIIPS-VAN HEUSEN, IOD ARROW, GH BASS, GEOFFREY BEENE, HAMPSHIRE etc.

Share holding pattern:

Among promoters, Anil Kumar Goyal Parivar owns 2.15 per cent, among high net worth investors, 1.15 per cent, corporate bodies 1.4 per cent, foreign portfolio investors 0.2 per cent, and individual shareholders up to Rs 2 lakh, 12.5 per cent. Is.

Book value:

Rs.50 for March 2031, Rs

Financial Outcome:

(1) Full year April 2020 to March 2021:

Net income rose to Rs 5,114.5 crore from Rs 206.5 crore, NPM rose 1.4 per cent to Rs 31.04 crore from last year's net profit of Rs 21.5 crore. Achieved 11.5.

(3) Third Quarter October 2021 to December 2021:

NPM-net profit margin increased by 12.5 per cent to Rs 15.05 crore, compared to Rs 20.5 crore, with net income rising to Rs 106.5 crore from Rs 4.5 crore. Quarterly income increased from Rs 3.71 to Rs 4.5.

(2) The first nine months from April 2021 to December 2021:

Net income increased from Rs. 120.5 crore to Rs. 206 crore, compared to a net loss of Rs. 2.01 crore in the same period last year, this time net profit was Rs. 3.5 crore, earnings per share was negative Rs. This time it has achieved Rs.

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

With a net profit of Rs 3 crore and a net profit of Rs 3 crore, full year earnings per share-EPS of Rs 12.01 is expected.

(2) Valuation: B:

As the company is earning more revenue from spinning against the average P / E of textile industry, it should get P / E of 5 which is expected to double the expected earnings. B is given.

Thus (1) Nahar Group, one of the largest integrated textile companies in India, with a promoter holding of 2.41 per cent, (1) Gaining 60 per cent of total sales from exports, (3) Achieved monthly earnings per share of Rs. The stock is currently available on NSE, BSE at a price 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, 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) Readers, investors should take their own personal decisions at personal risk. Gujarat Samachar writer, editor and no one else will be responsible for your loss. So invest by recognizing the risk of the stock market.

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