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Our Website www.smartinvestment.in crosses 60,50,000 hits

Daily Market Outlook: 5th May 2016 (Thursday)

Grey Market Premium of Parag Milk Foods IPO Crashed to Rs. 3 / 4

Ujjivan Financial IPO finally Subscribed 40.68 (average)

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Global Markets Cues: Europe, US & Asian markets are in RED

All eyes on Hero Moto, Emami, MCX, P&G, GE Shipping Q4 Results announcement today

With flat opening markets to remain under pressure in near term

Overall markets to remain range bound during the session

…………………………………………………………………………

 

Indices Closed on 4-5-2016

Indices

Closing

Plus / Minus

Sensex

25101.73

-127.97

CNX Nifty

7706.55

-40.45

Nifty Midcap 100

12964.30

-191.75

Nifty Small 100

5117.80

-89.70

 

 

FII Activities

Date

Day

Gross Purchase

(Rs. Cr.)

Gross Sale

(Rs. Cr.)

Net

Purchase

(Rs. Cr.)

2-5-2016

Monday

2977.66

2542.73

434.93

3-5-2016

Tuesday

3598.55

4353.83

-755.28

4-5-2016

Wednesday

3705.95

3772.4

-66.45

 

 

DII Activities

Date

Day

Gross Purchase

(Rs. Cr.)

Gross Sale

(Rs. Cr.)

Net

Purchase

(Rs. Cr.)

2-5-2016

Monday

944.81

1054.37

-109.56

3-5-2016

Tuesday

1945.94

1461.3

484.64

4-5-2016

Wednesday

1664.67

1743.47

-78.8

 

 

 

Sector Watch

Pharma, PSU & Power

Sector Avoid

Banking, Realty, NBFC, Metal, Cement

 

 

Breaking News Review

We had recommended yesterday

IOL Chemicals at Rs. 104.30, Stock Jumped to Rs. 108.15

Everest Industries at Rs. 284.00, Stock Jumped to Rs. 295.60

Adani Power at Rs. 31.70, Stock Jumped to Rs. 32.90

 

Most buzzing stocks (Today)

Stocks

CMP

Stocks

CMP

MOIL

238.00

Siemens

1134.00

KEC International

126.00

Nucleus Software

199.00

LUPIN

1577.00

NELCO

94.00

KSK Energy

33.00

 

 

 

Last Recommendation Performance

Swelect Energy (+14), Nilkamal (+21), Pricoal (+3), Adani Power (+2),

Morarji Textiles (+2), Spice Jet (+3), I. B. Wholesales (+2)

Stock Watch

Companies Name

CMP

Companies Name

CMP

Havells India

333.00

EIL

171.00

Heritage Food

511.00

Accelya Kale

1004.00

Zensar Techno

969.00

L & T

1246.00

 

Last Recommendation Performance

Castrol (+3), Basf India (+44), Can Fin Homes (+35), Shoppers Stop (+2)

Fundamental Stocks

Companies Name

CMP

Companies Name

CMP

Eveready

242.00

Claris Life

168.00

Petronet LNG

279.00

Orient Cement

144.00

JSW Energy

66.00

KRBL

243.00

MRPL

69.00

NTPC

138.00

 

Last Recommendation Performance

Prabhat Diary (+4), Cairn India (+6), JSPL (+2), IFCI (+2), Greaves Cotton (+3), GHCL (+4), PTC India (+2)

Technical Stocks

Co. Name

Recomm.

CMP

Divis Labs.

Buy

1052.00

Hero Moto

Buy

2894.00

Federal Bank

Buy

48.00

Biocon

Buy

621.00

HUL

Buy

853.00

 

Last Recommendation Performance

Aurobindo Pharma (+17), Biocon (+11), Dishman Pharma (+6), Grasim Ind. (+43),

Central Bank (+43), Tata Motors (+17)

 

Sell Stocks for Today

Co. Name

CMP

Co. Name

CMP

Hexaware

227.00

Tata Steel

328.00

Tata Motors DVR

281.00

Hindalco

91.30

Vedanta

105.00

Just Dial

800.00

SKS Micro

596.00

Cairn India

137.00

Reliance Infra

516.00

Bank of India

86.00

Carborundum Universal

191.00

Voltas

291.00

ACC

1402.00

Indo Count

948.00

Reliance Comm.

55.00

Titan

360.00

DLF

120.00

 

 

 

Stocks in Action

Companies Name

CMP

Companies Name

CMP

Lakshmi Vilas Bank

79.00

Noida Toll

22.00

Munjal Auto

79.00

Vijaya Bank

31.00

 

Last Recommendation Performance

Nelco (+4), Orient Paper (+3), Kopran (+4), I. B. Real (+2), HBL Power (+3), MEP Infra (+4), Adani Transmission (+2)

Primary Markets

Main Line IPO (Non SME)

Issue Name

Open Date

Closes Date

Issue Size

Price Band

Minimum

Application

Likely

Listing

Rating &

Recommendation

Parag Milk Foods Ltd.

4-5-2016

6-5-2016

Fresh Issue Size: Rs. 300 Cr.

&

Offer for Sale

2,05,72,573 Eq. Shares

Total Issue Size : 767 Cr.

Rs. 220 to 227

(Rs. 12 Discount to

Employee & Retailers)

65 Shares

BSE

&

 NSE

35 % *

High Risk

Low Return

 

* For retailers: one can apply for long term only

Grey Market Premium

Issue Name

Price Band

Grey Market Premium

Kostak Price

(Minimum Application)

Unblocking of Fund

From ASBA

Listing Date

(Likely)

Thyrocare Technologies Ltd.

420 to 446

224 to 226

800 to 850 (Last Sauda)

5-5-2016

9-5-2016

Ujjivan Fin. Services

207 to 210

53 to 54

800 to 850 (Last Sauda)

6-5-2016

10-5-2016

Parag Milk

220 to 227

3 to 4

350 to 375

12-5-2016

16-5-2016

 

Subscription Figure of Parag Milk Foods IPO

Category

No. of Shares

Reserved

Subscription

On 4-5-2016

QIB

103,88,303

0.13

HNI

50,98,447

0.03

Retail

33,98,964

0.15

Employee

3,00,000

0.03

Total

1,91,85,714

0.10

 

Subscription Figure of Ujjivan Financial Services IPO

Category

No. of Shares

Reserved

Subscription

On 28-4-2016

Subscription

On 29-4-2016

Subscription

On 1-5-2016

QIB

85,28,311

0.01

0.61

33.84

HNI

63,40,619

0.05

0.32

135.45

Retail

1,47,94,776

0.40

1.20

4.02

Total

2,96,63,706

0.21

0.85

40.68

 

 

Other side of Parag Milk Foods IPOs

Average Cost of Equity to promoters is only Rs. 1 & selling shareholder cost Rs. 3 to 109

55.17% of the promoter holdings is pledged: Sharp competition from Patanjali

Just 10% quota for retailers; Negative Cash flow in past years

Net profit down in 2014; 9M2016 RONW gone down; P/BV 5.5x

Overall average issue: High Risk Low Return: Investor can opt for long term rewards

 

Average cost of Acquisition of equity shares to the promoters is only Rs. 1.00 & selling share holders is in the range of Rs. 3 to 109.

Book value is Rs. 42 & Offer price Rs. 220 to 227

Company has issued shares in the ratio of 1:1 in 2009 and 2:1 in may 2015

This issue has just 10% quota for the retail investors.

55.17% of the promoters holding are pledged

It has to face sharp competition from Patanjali

Net Profit was down in 2014

Negative cash flow in past years

RONW has gone down in 9 Month FY16

Note : Asking price is at a P/E of 44 plus at the higher price band. P/BV comes out at ratio of 5.55x

Recommendation : it is average issue. High Risk Low Return : A long term investors can opt this issue.

 

 

BSE SME IPO

Issue Name

Open Date

Closes Date

Issue Size

Offer Price

Minimum

Application

Rating

Remark

Darshan Orna

2-5-2016

11-5-2016

12,56,000 Eq. Shares

(Rs. 7.54 Cr.)

Rs. 60

2000 Shares

(Rs. 1,20,000)

33 %

AVOID

 

NSE SME IPO

Issue Name

Open Date

Closes Date

Issue Size

Offer Price

Minimum

Application

Rating

Remark

Sagardeep Alloys Ltd.

4-5-2016

9-5-2016

30,00,000 Eq. Shares

(Rs. 6 Cr.)

Rs. 20

6000 Shares

(Rs. 1,20,000)

35 %

AVOID

 

NCD Issues

Issue Name

Open

Closes

Bond Size

Face Value

Rating

Recommendation

Sakthi Finance

7-4-2016

6-5-2016

Rs. 100 Cr.

Base Size: Rs. 100 Cr.

With an option to retain

Oversubscription up to

Rs. 200 Cr.

Rs. 1000

BBB (Stable)

By

ICRA

Risky

Kosamattam Finance Ltd.

2-5-2016

31-5-2016

Rs. 125 Cr.

Base Size: Rs. 125 Cr.

With an option to retain

Oversubscription up to

Rs. 250 Cr.

Rs. 1000

BB+

By CARE

 

 

Subscription figure of Sakthi Finance Ltd.

Series

Subscribed

Till 4-5-2016

Series1

1,26,657

Series2

2,14,829

Series3

78,511

Series4

1,74,140

Series5

86,383

Series6

6,02,256

Series7

94,066

Series8

4,08,341

Total

17,85,183

Issue Size

10,00,000 (100 %)

Subscribed

17,85,183 (178.52%)

 

Subscription figure of Kosmattam Finance Ltd.

Series

Subscribed

Till 4-5-2016

Series1

92,348

Series2

10,005

Series3

22,349

Series4

2,04,387

Series5

64,121

Series6

13,665

Series7

36,385

Series8

53,585

Total

4,96,845

Issue Size

12,50,000 (100 %)

Subscribed

4,96,845 (39.75%)

 

IPO’s Analysis Refer to Smart Investment English & Gujarati Edition publishing on every Sunday

For more details Information refer latest Issue of Smart Investment Weekly

English & Gujarati Edition has been published on Sunday

E-mail Edition (Soft Copy) Available

Subscribe today: Mob. : 098250 06980 / 079-26576639

 

 

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