The new week will see Sensex hitting between 62222 to 60111

Mumbai: On the global front, on the one hand, the inflation-inflation rate has started to decrease, on the other hand, the exercise of laying off a large number of employees due to the financial crisis is going on by the global corporate giants. On the other hand, after the report of China coming out of the covid control and re-opening, the cases of corona again reached a record high in China, the fear of recession in the world has started to be felt in the thread of uncertainty, the prices including crude oil have seen a sharp decline. Along with this, as the geopolitical tension is still persisting due to Russia's missile attack on Ukraine again after the advice of the allies that both countries should resolve the Ukraine-Russia war through negotiations at the G-20 countries summit, funds are also seen booking profits by staying away from taking new bullish positions. Despite Sensex, Nifty closing at new record highs last week, small, mid-cap stocks are witnessing bullish selling. Meanwhile, it is clearly seen that the activity of the players in the market is decreasing amid the preparations for the Legislative Assembly elections in Gujarat. Gujarat election will cause upset or its uncertainty and global negative factors are rearing their heads again, now it is advisable to ease overbought position in stocks and book profits. In the coming week, Sensex can be seen hitting between 62222 and 60111 and Nifty spot between 18477 and 18077.

Dark Horse/Arjun's Eye Stocks Recommendation Review/Changes

In the Indian markets, the Nifty is currently trying to cross historical highs, at a time when on one hand Russia's major missile attack on Ukraine has increased geopolitical tension, on the other hand state elections are being held in India. Among the stock recommendations made in a year, five companies' stock recommendations have now been revised. Out of which (1) International Travel House Limited has been downgraded from Triple B-BBB to Single B-B. (2) Cordus Cable Industries Limited has been downgraded from Single B-B to Hold-H. (3) Patel Airtemp India Limited has been downgraded from Double B-BB to Single B-B. (4) Prakash Pipes Limited has been downgraded from Double B-BB to Hold-H. While (5) Sika Interplant Systems Limited has been downgraded from Single B-B to Hold-H. Readers may note this.

DARK HORSE :AUTOMOBILE CORPORATION OF GOA LTD.

BSE only (505036) listed, Rs.10 paid-up, 49.77 per cent promoters holding of Tata Motors Limited, paying out 55 to 60 per cent of net profit as dividend, AUTOMOBILE CORPORATION OF GOA LTD. , the company jointly promoted by the erstwhile Tata Engineering and Locomotive Company Ltd. (Tata Motors) and EDC Limited (formerly known as Economic Development Corporation of Goa, Daman and Diu Limited) established the first engineering unit in Goa in the year 1980. The company is currently active in the manufacturing of Sheet Metal Components, Assemblies and Bus Coaches, Staff Transport Buses, Defense Buses, Luxury Buses, City Buses, School Buses, Slipper Buses, Special Purpose Vehicles, Sheet Metal Products. For which the company has manufacturing base in Honda (Goa), Bhuimpal (Goa), Pune (Maharashtra), Dharwad (Karnataka) in India. Operating since 1982, Tata Motors is a major supplier of pressings and assemblies to the Pune factory. The sheet metal division has more than 17,620 tonnes of high tonnage presses at its three units. In 1987, the company entered into a technical collaboration with Subaru car manufacturer Fuji Heavy Industries Limited-Japan for various models of chassis mounted bus bodies and the company established a full-fledged bus body building division. The company also signed an agreement with FHI-FUG Heavy Industries in 1995 to manufacture monocoque buses.

Share holding pattern: Promoters Tata Motors holds 49.77 percent, EDC Limited holds 6.66 percent, Arun Nahar holds 4.13 percent, Diana Dhun Ratnakar holds 1.08 percent, Pankaj Rakyan holds 1.83 percent, Rachna Credit Capital Pvt. Ltd. have 1.25 per cent and individual shareholders up to Rs 2 lakh have 19.71 per cent.

Book Value: Rs.276 as of March 2022, expected to be Rs.331 as of March 2023

Dividend Pay-out: The company has a dividend pay-out track record of 55 to 60 percent of net profit pre-Covid.

Financial Results:

(1) Full year April 2021 to March 2022 : Earning a net income of Rs.289 crores, the company recorded a net profit of Rs.3.44 crores in the year 2021-22 after provisioning for extraordinary loss due to fire of Rs.5.94 crores in 2021-22. 5.65 was achieved.

(2) First quarter April 2022 to June 2022 : Net income increased by 255% to Rs.143.21 crores compared to net loss of Rs.3.38 crores in the corresponding period of last year and recorded net profit of Rs.8.28 crores Quarterly earnings per share-EPS Rs. .13.61 achieved. This includes fire insurance income of Rs.85 lakh.

(3) Second quarter July 2022 to September 2022 : Net income increased by 157 percent to Rs.141.42 crore compared to last year's net loss of Rs.1.56 crore and posted net profit of Rs.7.73 crore Quarterly earnings per share-EPS Rs. .12.70 has been achieved.

(4) First half April 2022 to September 2022 : Net income increased by 217 percent to Rs.283.98 crore as compared to Rs.95.33 crore and net profit to Rs.16.20 crore as compared to net loss of Rs.4.93 crore in the previous half ( which includes fire insurance claims of Rs.2.97 crore.) Nodhavi has achieved half-year earnings per share-EPS of Rs.26.31.

(5) Expected full year April 2022 to March 2023 : Expected net income of Rs.585 crore Expected net profit of Rs.33.72 crore (including fire insurance income) Expected full year earnings per share (EPS) of Rs.55.37 crore is

(6) Valuation : B : The company is getting a P/E of 24 as against the average P/E of 33 in the auto ancillary industry, even if given the same P/E, the expected EPS for the full year 2022-23 is Rs.55.37 per share. Valuation Single B to be Rs.1328. Thus (1) The author has no investment in the 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 expected earnings per share of Rs.55.37 and expected book value of Rs.331 The stock is currently only available on BSE at a price of Rs.940.85 at a P/E of 17.