Sensex will hit between 72222 to 70444 in the new week

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MUMBAI: Overheated historic bullish Indian stock markets saw an inevitable and expected correction last week. After BJP's victory in three states, Foreign Portfolio Investors-FPIs got a vision that India will experience extraordinary economic growth under the leadership of Prime Minister Narendra Modi and with the belief that he will return to power at the Center in 2024, Sensex became a massive buyer of stocks in the month of December and made a new historical peak of 71913 and Nifty 21593. Of course, in this record storm of bullishness, the unbridled storm of bullishness seen in many stocks and cash stocks of large cap, especially mid cap and small cap companies, reached a very dangerous stage. Without fundamentals, companies' stocks were subjected to unabated extraordinary gains. It was necessary to install a speed breaker to prevent a car running without this brake from causing a major accident. Last week, with a shock of 930 points in the Sensex and a shock of 1500 points in the mid-cap, small-cap index, the overheated small, mid-cap stocks were braked.

Avoid investing in penny stocks of companies with weak fundamentals due to erratic growth.

Still, the stocks of many companies are floundering without fundamentals, which has the potential to mislead investors. So it is very important for smart investors to be careful in terms of boom. Take this, take that, operators, investors will once again shove penny stocks down your throats, and once again, retail investors will cry in the bullish waters. Small, mid-cap stocks have shown the need for recovery with shocks in the past week, but don't be under the illusion that the correction is over. The correction that came last week is still the beginning. Avoid staking hard-earned capital in stocks of companies with weak fundamentals and the lure of getting cheap. Small, mid-cap stocks will still see an exercise to clear the garbage of penny stocks from the market by giving frequent big shocks in the coming days. As the next week will be in a holiday mood and the markets will be closed on Monday, December 25, 2023 on Christmas Day, the overall presence of foreign investors is likely to be low. While local funds, activism by local players can be seen creating a two-pronged storm in market index-based and small, mid-cap stocks. Which may show the movement of Sensex between 72222 and 70444 and Nifty spot between 21666 and 21111 in the next four trading days week.

Arjuna's eyes; RANE BREAK LINING LTD.

BSE(532987) NSE(RBL) Listed, Rs.10 paid-up, Rane Group with group sales of Rs.6690 crore, ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, OHSAS-18001:2015 & ISO/ IEC 27001:2013, TS 16949 Certified, Rane Break Lining Limited (RANE BREAK LINING LTD.) is a company established in the year 1964, jointly owned by Rane Group of India and Japan's Nisshindo Holdings Inc.-Japan. The company has been active in the auto ancillary industry for over 59 years and is a leader in the OEM segments in friction products, supplying its products to more than 15 countries. Has technical collaboration with Nisshindo Holdings Inc.-Japan and TMD Friction of Japan. The company is a leading supplier of composite brake blocks to Indian Railways and a significant supplier of products to state transport units. Along with this, the company is one of the most preferred brands in the independent replacement market. The company has already supplied composite brake blocks to Sri Lankan Railways. Also exports CV disc brake pads to Europe.

Rane Group provides products and services to customers in more than 30 countries in Europe and has manufacturing facilities in India and America. The Rane group companies include Rane Holdings Limited, Rane Engine Valves Limited, Rane (Madras) Limited, Rane Brake Linings Limited, ZF Rane Automotive India Pvt Ltd, Rane NSK Steering Systems Pvt Ltd and Rane Auto Parts Limited.

Manufacturing facilities-Products;

Rane Brake Lining Limited The company manufactures through manufacturing plants in Hyderabad, Chennai, Trichy, Pondicherry. The company's products include brake linings, disc pads, railway brake blocks, clutch facings, commercial vehicle brake pads, sintered brake pads, passenger vehicles, commercial vehicles, two-wheelers for railways.

List of Major Clients: Among the major clients of the company are BMW, Hyundai, ZF, Yamaha, Daimler, Bentler, Magna Cosmo International, Kia, Bosch, Renault among the international clients. While major customers in India include Ashok Leyland, Honda, Indian Railways, Tata, Brakes India, Hyundai, Mahindra, Maruti Suzuki, TVS, MG etc.

award; The company has won the Japan Quality Medal Diming Price in the year 2002, 2013 and 2018 and is currently the winner of the Japan Quality Medal Diming Grand Price in 2023.

book value; Rs.265 in March 2019, Rs.289 in March 2020, Rs.306 in March 2021, Rs.314 in March 2022, Rs.338 in March 2023, expected Rs.385 in March 2024, expected Rs.441 in March 2025

Dividend; 155 percent in 2019, 170 percent in 2020, 250 percent in 2021, 200 percent in 2022, 250 percent in 2023

financial results;

(1) Full year April 2022 to March 2023; Net income increased by 17.15 percent to Rs.607.70 crore with a Net Profit Margin (NPM) of 5.51 percent.Net profit increased by 23.60 percent to Rs.33.56 crore and achieved an earnings per share of Rs.43.29. .

(2) First Quarter April 2023 to June 2023; Net income increased by 7.87 percent to Rs.153.6 crores from NPM of 3.39 percent, while net profit fell by 10.3 percent to Rs.5.18 crores and earned EPS of Rs.6.70 per share.

(3) Second Quarter July 2023 to September 2023; Net income grew by 9.33 percent to Rs.158.23 crore, NPM grew by 6.06 percent, net profit grew by 48 percent to Rs.9.59 crore and achieved a quarterly earnings per share-EPS of Rs.12.41.

(4) First Semester April 2023 to September 2023; HQ net income increased by 8.61% to Rs.311.29 crore NPM posted a net profit growth of 18% to Rs.14.55 crore from 4.68% and achieved EPS of Rs.19.11 per share.

(5) Expected Second Semester October 2023 to March 2024; Expected half-yearly net income of Rs.352.50 crore NPM at 6.11 percent Expected net profit at Rs.21.53 crore Earnings per share-EPS at Rs.27.89 expected.

(6) expected full year April 2023 to March 2024; Earnings per share expected to be Rs.47 with expected net income of Rs.644 crore and net profit of Rs.36 crore.

(7) expected full year April 2024 to March 2025; Earnings per share expected to be Rs.56 from expected net income of Rs.710 crore to expected net profit from Rs.43.31 crore.

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 News or any other person shall not be responsible for any possible loss on investment. (2) India's Rane Group and Japan's Nisshindo Holdings Inc.-Japan jointly holding 71 percent promoters (3) Active in the auto ancillary industry for 59 years and a leader in OEM segments in friction products supplying its products to more than 15 countries (4) First half Earnings per share of Rs.19.11 in April 2023 to September 2023 (5) Expected Full Year April 2024 to March 2025 Expected Earnings per Share-EPS of Rs.56 and Expected Book Value of Rs.441 Shares on NSE, BSE at Rs. 864, the P/E is available at 15.43 against an industry average P/E of 38.

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