The new week will see Sensex close above 63888 at 64288

MUMBAI: With the world once again worried about the inflation-challenge, the Bank of England's interest rate hike of half a percentage point and the US Global funds have become cautious following Federal Reserve Chairman Jerome Powell's signal that interest rate hikes are still possible. Geopolitical tension rears its head again with inflation challenge The Ukraine-Russia war amid reports of a coup attempt in Russia could herald major upheaval with uncertainty ahead. Along with this, the American stock markets have retreated over the weekend due to recession clouds again in Europe. Along with Europe, China is also facing economic challenges, despite adopting the path of stimulus, there is a fear of worsening the global economic recession. On the other hand, considering the historic success of Prime Minister Narendra Modi's visit to America and the positive development of increasing economic cooperation between the two countries, the investment flow of foreign investors in the Indian markets can be seen to increase massively in the coming days. But right now, after seeing an unbridled rise in many stocks in the Indian markets, a healthy correction was inevitable for the health of the market, which has been seen starting from last week, as the valuations in many stocks are over. It is advisable to maintain 60 percent investment in the overbought position of the market and keep cash on hand by lightening 40 percent of the investment portfolio and investing when good investment opportunities arise after the correction in the coming days. So stocks of companies with good fundamentals should be kept in mind.

Stock markets to remain closed on Wednesday: June trends in F&O end week likely to be tumultuous

On the international front, in the coming days, the US durable goods orders data for May 27, June 2018 and China's NBS manufacturing PMI for June 30, 2018 will be released to watch crude oil prices and fluctuations in the value of the US dollar against global currencies including the Indian rupee. will be When the sale of foreign funds and local funds at home stops or increases, now the progress of monsoon will be monitored. As the impact of El-Nino is seen, progress in the next week will be important now that the monsoon has already been delayed. Also, don't be surprised if Indian stock markets see an unexpected rout on index based futures and options next week on Thursday as the June trend ends. Along with this, since the stock markets will be closed on Wednesday, June 28, on the occasion of Bakri Eid, in the next week of four trading days Sensex may close above 63888 at the support level of 62388 and Nifty Spot may close at 18888 with the support of 18488 at 19088.

ARJUN'S EYES : GMBREWERIES LTD.

BSE (507488), NSE (GBREW) Listed, Rs.10 paid-up, having 48.77 percent bonus equity in total equity through three bonus issues in the last 10 years, GMBREWERIES LTD., 1981 Jimmy Founded by William Almeida, the company is active in the manufacturing and marketing of alcoholic beverages such as Country Liquor (CL) and Indian Made Foreign Liquor (IMFL). Founded by Jimmy William Almeida with an aim to provide the common man with the finest quality Country Liquor at the lowest possible price, the company is the largest manufacturer of Country Liquor with a significant market share in the state of Maharashtra. The company has a fully automatic bottling plant at Virar-Palghar district in Maharashtra. Its capacity is to produce 50,000 cases per day. 750 and 375 ml in earlier days by country liquor manufacturers. were produced in bottles, when Jimmy Almeida introduced the 180 mL bottle to the country liquor industry. Apart from this, he was also a pioneer in introducing pet bottles in the country liquor industry.

Among the company's products, GM Orange is made from rectified spirit based premium distilled molasses from the leading blend multi pressure vacuum distillation plant. Apart from this, G.M.Doctor is a brand manufactured from a finally distilled vacuum distillation plant. Apart from this, the company has products including GM Limbu Punch, GM Dilbahar Sauf.

Share holding pattern: Promoters Almeida family holds 74.43 percent, foreign portfolio investors hold 1.66 percent, Fidelity Northstar Fund holds 1.66 percent and individual share holders up to Rs 2 lakh hold 19 percent.

Bonus history: 1:4 share bonus in 2014, 1:4 share bonus in 2016 and 1:4 share bonus in 2018

Dividend: 30 percent in 2017, 30 percent in 2018, 30 percent in 2019, 30 percent in 2020, 40 percent in 2021, 50 percent in 2022, 60 percent in 2023

Investment value of Rs.244 per share: The company has a total investment of Rs.445.73 crore as on March 2023, including various mutual funds, professional stocks, tax free bonds, perpetual bonds, sovereign government bonds and INVIT, which is the share of total equity of the company. 244 per unit.

Book Value: Rs.373 as of March 2023, Expected Rs.443 as of March 2024

Financial Result:

(1) Full year April 2022 to March 2023 : Net income increased from Rs.1806.71 crore to Rs.2346.21 crore Net profit margin-NPM increased by 4.39 percent Net profit increased from Rs.93.36 crore to Rs. 99.87 Crores Earnings per Share-EPS rose to Rs.54.61 as compared to Rs.51.08.

(2) Expected full year April 2023 to March 2024 : Expected net income of Rs.2750 crore with net profit margin of 4.7 percent Expected net profit of Rs.128 crore with earnings per share of Rs.70.32 expected.

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. CONSULT A QUALIFIED INVESTMENT FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISION. The author, Gujarat Samachar or any other person shall not be responsible for any possible loss on investment.(2) Promoters holding 74.43 per cent holding and 48.77 per cent bonus equity in total equity through three bonus issues (3) Mutual funds, tax free Bonds, Perpetual Bonds, Sovereign Government Bonds and INVIT have a total investment of Rs.445.73 Crores as on March 2023, which is worth Rs.244 per share as per the equity of the company (4) Expected earnings per share for the full financial year 2023-24 is Rs. .70.32 and against an expected book value of Rs.443 against a paid-up of Rs.10, the share is currently trading at a P/E of 8.38 at Rs.589.40 on NSE (Rs.588.85) on June 23, 2023. . (5) GM Breweries Limited should have a minimum P/E of 11 as against an average P/E of 55 for the breweries industry.