The new week will see Sensex close above 66666 at 67333

Mumbai: Institutional investors, foreign investors and retail investors are ready to pour in massive investment flow in the stocks in view of the half-preparedness and unprecedented response of the investors to the capital investment of about Rs.2.59 lakh crore in the five IPOs in the primary market. There is a need for good companies and investors are coming forward to buy stocks one by one. Which indicates that bullish yoke will be maintained in the stock markets in the coming days. Of course, a risk factor on the global front is that the world is again worried about the spread of a new epidemic as the endemic fever takes hold in China. Otherwise the bullish trend will continue. The stock markets will be closed next week on Monday, November 27, 2023, on the occasion of Guru Nanak Jayanti. So, between the above factors, in the new four trading day week, Sensex may close at 66666 at 67333 and Nifty spot at 20222 at 20000.

Arjun's eyes : SIKA INTERPLANT SYSTEMS

Only BSE (523606), Listed, Rs.10 Paid-Up, SIKA INTERPLANT SYSTEMS LTD., AS 9100D CERTIFIED, Make in India Company since 1969, Aerospace, Defense and Space (A&D) as well The engineering company's core businesses in India focusing on the automotive sector include engineered projects and systems, interconnect solutions and electrical module integration, maintenance, repair and overhaul (MRO) as well as value-added distribution. The company has a successful track record of over 25 years of executing advanced engineering projects in India for A&D clients in collaboration with international technology partners. In addition, the company is qualified as an Indian Offset Partner with a license for defense production from the Government of India and has been receiving continuous design approval since 1999 from the Center for Military Airworthiness and Certification of the Ministry of Defence, India. Established in the year 1969, headquartered at Bangalore, Sika Interplant Systems has developed capabilities in fabrication, assembly, integration and testing, documentation and certification of systems.

Shares of Sika Interplant Systems are being traded in periodic call auction segments

What is this periodic call auction mechanism? Periodic call auctions start at 9:30 am and operate like pre-market equity stock sections. A total of six auction sessions are conducted one hour each during the trading day. Participants are given 45 minutes to place, amend or cancel their orders. While 15 minutes remain for order matching and trade confirmation. This includes a buffer time of 7 minutes.

Infrastructure: The company has made a significant investment to set up Sika Technology Center, a greenfield technology campus in 6.5 acres of land in Bangalore. There is plenty of room for expansion. The company has housing facilities in 48,000 sq.ft. Along with this, the company has facilities including clean area for non-hydraulic assembly, integration and testing, IE workspaces, manufacture, repair and overhaul (MARO), ESS testing, paint spray with aerospace standards, shot peening, abrasive blasting. The company has recently constructed a new modern building of 21,000 sq.ft.

Saar Segments : Company Depot Level Maintenance Workshop and Authorized Services Center Breeze Eastern is well equipped to handle Company Helicopter Rescue Hoist Systems.

Landing Gears and Hydraulics Segments: The company has acquired Aerotech Aviation Engineering Limited-U.K. has recently set up a joint venture Aerotech Sika in partnership with Which is a one stop shop for Aircraft Landing Gear, Hydraulic LRU-Assemblies and Actuators.

Interconnection Systems Segments: The company consists of Harnesses and Looms, Electro Mechanical Assemblies, IE to Facilities, Environmental Stress Screening.

Handling Systems Segments : The company has Dipping Sonar Winches, Rescue Hoist-Winches, Cargo Hooks, Cargo Winches, Marine Winches.

OEM Partners Segments: The company has capabilities in Automotive, Disaster Management and SAR, Electromagnetic Software, Hydraulic-Fluid Control, MIL Grade Fan-Blowers, Motion Control.

MRO Segments : The company is Airborne Handling Systems, Air Intake Particle Separator.

Share holding pattern: Promoters Sikka family has 71.72 percent holding, public has 28.28 percent holding.

Book Value: Rs.124.18 in March 2020, Rs.151.47 in March 2021, Rs.184.08 in March 2022, Rs.200 in March 2023, Expected Rs.240 in March 2024

Financial Results:

(1) First half April 2023 to September 2023 : Net income increased by 63% to Rs.45.72 crores and net profit increased by 74% to Rs.7.73 crores from NPM of 16.91%, resulting from extraordinary profit of Rs.88 lakhs. Earnings per share of Rs.20.25 have been recorded after registering Rs.8.58 crores.

(2) Expected full year April 2023 to March 2024 : Earnings per share expected to be Rs.40.60 from expected net income of Rs.95.72 crore and net profit of Rs.17.21 crore 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) With 71.72 percent Sika family promoter holding (3) Focused on aerospace, defense and space as well as automotive sectors, Make in India since 1969. The company (4) Sika Interplant Systems Limited has its full year 2023-24 expected EPS of Rs.40.60 and expected book value of Rs.240 against an industry average P/E of 61 at Rs.1277 on BSE only at 31.45. P/E is available. The company should get minimum P/E of 45.