The new week will see Sensex close above 60555 at 61111

MUMBAI: The results of global giants are showing turmoil amid renewed global inflation concerns and turmoil in the corporate world and corporate results season amid continued uncertainty in global markets. After sharp interest rate hikes by the European Central Bank (ECB) and central banks including Australia on inflation concerns, the US Along with the meeting of the Federal Reserve in the next week, the Reserve Bank of India has also suddenly decided to hold the monetary policy meeting on November 3 and has again worried the market regarding the interest rate. However, considering the good position of India against the global situation and the importance being given to India's role in the world economy, foreign funds are seeing the chance of reduced valuations after selling in the stocks. As a result, the Sensex has managed to cross the intra-day level of 60000 in the last week. In the string of corporate results, the results of Maruti Suzuki, ICICI Bank among others have increased the attraction among investors. So, looking at the valuing of stocks, the attractiveness of investing in good stocks is increasing. The coming week could see the Sensex close above 60555 by 61111 and the Nifty spot close above 17966 by 18111 amid the possibility of continued investment attractiveness in select stocks.

Dark Horse/Eyes of Arjuna Recommended Change-Review

Dark Horse/Arjun's Eye has reviewed and modified stock recommendations made here in the last one year. In which (1) the recommendation of one scrip-share Cordus Cable Industries Ltd. has been changed from Hold ll to B now. (2) The recommendation of three scrip-shares has been changed from Single B B to Double B BB. In which HDFC Bank Limited, HDFC Life Insurance Company Limited and Infosys Ltd. (3) Two scrips have been changed from Double B BB recommendation to Single B B now. In which Vim Plast Limited and Lakshmi Electrical Control Systems Ltd. is

Dark Horse : SANDHAR TECHNOLOGIES LTD.

BSE (541163), NSE (SANDHAR) Listed, Rs.10 paid-up, Sandhar Technologies Ltd. (SANDHAR TECHNOLOGIES LTD.) 37 manufacturing facilities in 8 states in India, 2 manufacturing facilities in Spain and one in Mexico 43 manufacturing units, 11 joint ventures, and through four international operations automotive locking and security systems, automotive vision systems, stampings, operators cabins and structural parts, zinc die casting, aluminum die casting, magnesium die casting, automotive optoelectronics, polymers, painting, plating and coating, commercial tooling, helmets , is a leading company active in the manufacturing, sales of products such as Assemblies, Fuel Pumps, Filters and Wiper Blades etc.

Subsidiaries:

(1) Sandhar Technologies Barcelona SL: In FY 2008, the company acquired the business of Techfisa Spain, which was active in the aluminum die casting business of small parts. (2) Sandhar Tooling Private Limited : A joint venture between Sandhar and Steady Stream. which has manufacturing facilities in Manesar and Gurugram. (3) Sandhar Auto Electric Solutions Pvt. : A wholly owned subsidiary of the company launched in January 2022, which will undertake the e-mobility business and provide advanced technology solutions. (4) Sandhar Engineering Private Limited : A wholly owned subsidiary of the company engaged in manufacturing and assembly business of various locking devices, electrical, electronics, mechanical, automobile and industrial parts. (5) Sandhar Automotive Systems Pvt Ltd. (6) Sandhar Strategic Systems : The company is active in manufacturing activities in the aerospace and defense sector.

Joint Ventures and Collaborations:

(1) Sandhar Hen Sung Technologies Private Limited (2) Jinyong Sandhar Mechatronics Private Limited. Joint Venture (3) Sandhar Amkin Industries Pvt. (3) Sandhar Eco-Green NG Pvt Ltd (4) Sandhar Vetron Electronics Pvt. (5) Kwangsung Sandhar Technologies Pvt. (6) Winnercom Sandhar Technologies Pvt. Ltd. (7) Sandhar Han Shin Auto Technologies Pvt Ltd. (8) Sandhar Daishin Auto Systems Pvt. Ltd. is a combination of joint ventures. The company has technical collaboration with companies from Japan, China, Korea. Including JEM Techno and Honda Lock.

Major Clients:

Among the company's major customers in two-wheelers are Hero, Royal Enfield, Aether, Suzuki, TVS, UML. Among the passenger vehicle-commercial vehicles are Honda, Ashok Leyland, SML Isuzu, Mahindra, Tata Motors. Off-highway vehicles-tractors include Atlas Copco, Cat, Doosan, JCB, Kobelco, Komatsu, Leeboy, Mahindra, Potain, Tata Hitachi, Tefe, Hyundai, Volvo Construction Equipment, Sonalika International. Autoliv and Bosch in auto components and Forza Medi India in non-automotive.

Share Holding Pattern:

Promoters Dawar family holds 70.38 percent, mutual funds hold 15.58 percent, Nippon Life India Trustee holds 4.36 percent, DSP Small Cap Fund holds 3.80 percent, Kotak Small Cap Fund holds 3.21 percent, IDFC Tax Advantage The fund has 2.20 percent, ICICI Prudential Multicap Fund has 1.46 percent. While foreign portfolio investors have 1.05 percent and alternative investment funds have 0.55 percent. While individual share capital holders up to Rs.2 lakh have 6.10 percent.

Book Value:

141 in March 2022, expected to be Rs 160.25 in March 2023.

Financial Results:

(1) Full year April 2021 to March 2022 :

On a consolidated basis, net income rose to Rs.2323 crore from Rs.1863 crore, while net profit fell to Rs.68 crore from Rs.69 crore, while Earnings per Share (EPS) fell to Rs.9.29 from Rs.9.61.

(2) First Quarter April 2022 to June 2022 :

Net income rose to Rs.678 crore from Rs.410.07 crore net profit rose to Rs.12.71 crore from Rs.2.11 crore excluding joint venture loss of Rs.2.85 crore Earnings per share-EPS at 35 paise has increased to Rs.2.11

(3) Expected Nine Months July 2022 to March 2023 :

Expected net income from Rs.2458 crore and expected nine month net profit of Rs.103.18 crore after provisioning joint venture losses of Rs.6 crore.

(4) Expected full year April 2022 to March 2023 :

Earnings-EPS of Rs.19.25 expected for the full year with an expected net income of Rs.3136 crores and an expected net profit of Rs.115.89 crores after a provision of Rs.9 crores on losses on joint ventures.

(5) Valuation : B :

While the company is earning a P/E of 22 against an average P/E of 33 for the auto components and equipment industry, even if given a P/E of 16, the stock could reach Rs.308 at an expected EPS of Rs.19.25 for the full year 2022-23, albeit limited. Remain Valuation Single B.

Thus (1) The author has investment in shares of the above company. Authors may have direct or indirect personal vested interests in research sources. The reader should invest at his own personal risk. The author, Gujarat News or any other person shall not be responsible for any possible loss on investment. (2) Expected full year April 2022 to March 2023 earnings per share of Rs.19.25 and expected book value of Rs.160.25 shares are currently trading at Rs.225.45 on NSE, BSE at P/E of 11.71 .