The new week will see Sensex close above 66888 at 67444

Mumbai: The cycle of interest rate hikes by global central banks continues in the US. The Federal Reserve hiked interest rates by 0.25 percent, taking interest rates to a 22-year high, while the European Central Bank (ECB) also left interest rates at a 23-year high of 3.75 percent, signaling that inflation remains a threat to the global economy. Funds in global equity markets remained cautious till mid-week. Interest rates at this level have now peaked with global analysts predicting a temporary bullishness last week. But in developed nations with inflation worries, the Bank of Japan loosened its grip on markets, sending bond yields to nine-year highs, eroding volatility in the Japanese currency, the yen, a storm of global currency volatility against the dollar, and U.S. inflation data after U.S. Treasuries. Global stock markets rallied over the weekend amid factors including a fall in yields. On the other hand, weakness in Indian stock markets on four out of the five trading days of the week, with the Indian rupee losing ground against the US dollar over the weekend, and foreign fund sell-off figures have seen index-based caution. Of course, local institutional investors have taken over and bought into the stocks, maintaining the bullish sentiment in the side market.

Global Markets, Maneuver, Services PMI Number, State Bank, Maruti, Sun Pharma, Airtel, Mahindra Results Watch

With the good progress of Monsoon in the country, there is a risk of heavy rains with heavy losses due to destructive Monsoon in some parts. Amidst the forecast and assessment, the market will be keeping a close eye on the pace of monsoon in the coming week. Along with this, the new developments in the global banking, finance sectors, how the possible upheaval in the global markets can affect the Indian markets and how much the erosion started in the value of the US dollar against the Japanese yen, Indian rupee, Nifty, Sensex based global markets can cause a storm. Will watch. With the fluctuation of rupee value against the dollar, the market will be watching whether foreign portfolio investors' weekend selling in stocks will stop or increase in the coming week or whether the factors will stop being positive. Along with this, in the corporate results season, next week, Maruti Suzuki India results on July 31, Titan Company, HPCL results on August 2, Sun Pharma Industries, Bharti Airtel and Eicher Motors results on August 3 and State Bank of India on August 4, 2023. The market will be watching the announced results of Mahindra & Mahindra. Apart from this, the figures of July 2023 sales of vehicles of automobile companies, the figures of S&P Global Manufacturing PMI for the month of July, the figures of August 1 and the figures of S&P Global Services PMI of August 3 will be monitored. Between these factors, the next week could see the Sensex closing above 66888 on the support of 65444 at 67444 and the Nifty spot closing at 19888 on the support of 19444 in the coming week.

ARJUN'S EYES : UNIPARTS INDIA LTD.

BSE (543689), NSE (UNIPARTS) Listed, Rs.10 Paid-up, UNIPARTS INDIA LIMITED is an India-based multinational Uniparts Group manufacturing global engineered systems and solutions with six manufacturing facilities and four warehousing facilities in the US, Europe and India. With product reach in over 25 countries, the company is a global manufacturer of engineered systems and solutions and one of the leading suppliers of systems and components for the off-highway market in the Agriculture, Construction Forestry and Mining (CFM) as well as aftermarket sectors. The company is a manufacturer of critical products with high quality and comprehensive solutions for Off Highway Vehicles (OHV) industry and end to end solutions including complete assemblies of precision engineered products from product conceptualization, design, prototyping, testing, development to customized packaging delivery.

Manufacturing facilities: Uniparts India Ltd., Noida, Uniparts India Ltd., Vizag-Andhra Pradesh and Gripwell Fasteners Pvt. Pharmparts, Ludhiana-Punjab, Uniparts India Ltd. SKG Engineering, facilities and warehousing facilities in Ludhiana-Punjab Uniparts India GmbH in Germany and Uniparts Olsen Inc. Eldridge in USA, Uniparts USA Ltd. based in Augusta-USA.

IPO oversubscribed 25.32 times: The company had issued shares in December 2022 itself at a price of Rs.577 per share by bringing an initial public offering (IPO) of its 1.44 crore shares for sale by the promoters group and other selling shareholders. This IPO was flooded 25.32 times.

Share holding pattern: Promoters Sony family holds 65.66 percent holding, mutual funds hold 3.77 percent, Nippon Life India Trustee holds 1.06 percent, small cap fund holds 1.06 percent, HDFC mutual fund holds 1.73 percent. While alternative investment funds have 2.80 percent, Abacus Emerging Opportunities Fund-1 has 2.25 percent, insurance companies have 4.30 percent, Aditya Birla Sun Life Insurance Company has 3.55 percent, Foreign Portfolio Investors Category-One (FPIs) ) has a total of 4.02 percent of The Nomura Trust and Banking Company Ltd. has 1.15 percent, FPIs-Category Two has 1.46 percent, ICG Q Limited has 1.12 percent. While corporate bodies have 1.66 percent and individual shareholders up to Rs.2 lakh have 12.19 percent.

Book Value: Rs.185 as of March 2023, expected to be Rs.240 as of March 2024

Financial Results:

(1) Full year April 2022 to March 2023 :

Net income increased by 12.61 percent to Rs.1382.25 crore from Rs.1227.42 crore, NPM-net profit margin increased by 14.82 percent to Rs.204.89 crore per share from Rs.166.89 crore. Income-EPS increased from Rs.37.74 to Rs.46.32.

(2) Fourth quarter January 2023 to March 2023 : Earnings per share-EPS of Rs.10.25 with a net income of Rs.335.08 crores and a net profit of Rs.50.27 crores through NPM of 15% net profit margin. .

(3) Expected Full Year April 2023 to March 2024 : Expected Net Income Rs.1600 Crores Expected Net Profit Margin (NPM) to be Rs.248 Crores from 15.50 Percent Expected Earnings per Share-EPS Rs.55.55 is

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.(1) 65.66% holding of promoters Indian multinational, a global manufacturer in the field of engineered systems and solutions (2) Shares of Uniparts India Limited as of December 2022 Promoters Group-Others Offer for sale IPO-public issue price Rs.577 per share diluted 25.32 times (3)Expected full year April 2023 to March 2024 earnings per share-EPS Rs.55.55 and share against expected book value Rs.240 Currently, the P/E is available at Rs 648.55 (as on 28, July 2023) on NSE and Rs 648.65 on BSE against an average P/E of 40 for the auto ancillary industry. The multinational company Uniparts India Ltd. should get a P/E of 18 to 20.