j street volume 286

8/19/2019 J Street Volume 286

1/10

ex

Market View:

T h e m a r k e t h a s c o n q u e re d a l l i m p o r t an t l e v e l o f 7 6 0 0 – W i l l i t s u s

S i n c e t h e a n n o u n c e m e n t o f b u d g e t t h e n e g a t i v i t y i n t h e m a r k e

s u b s i d e d a n d t h e c h a n g e i n t h e m o o d o f F I I h a s t a k e n p l a c e . G r a d u a l

m a r k e t h a s m o v e d f r o m 6 8 2 5 o n t h e d a y o f b u d g e t t o 7 6 0 0 N i f t y l e v e l . D

t h i s r a l l y b a n k i n g s e c t o r h a s p a r t i c i p a t e d a m i d s t a l l n e g a t i v e t a l k s r e g a

t h e P S U B a n k s . I t s e e m s t h a t t h e m a j o r i t y o f t h e p a i n s f o r P S U B a n k s

a l r e a d y t a k e n p l a c e a n d t h e b a l a n c e s h e e t s o f b a n k s h a v e b e e n c l e a n e d

m o v e m e n t b y T h e G o v e r n m e n t a n d R B I i s o p e n i n g t h e g a t e s f o r d e c r e a

i n t e r e s t r a t e p r o v i d i n g c r e d i t g r o w t h o p p o r t u n i t y t o t h e b a n k s i n f u t u r e .

t e r d a y T h e G o v e r n m e n t h a s r e d u c e d t h e i n t e r e s t r a t e s i n a l m o s t a l l g o

m e n t s c h e m e s g i v i n g s i g n a l t o R B I f o r t a k i n g a c t i o n . A n y r e m a r k a b l e f

i n t e r e s t r a t e w i l l b e p o s i t i v e i n g e n e r a l f o r t h e c o r p o r a t e a n d i n p a r t i c u

a u t o s e c t o r , h o u s i n g f i n a n c e c o m p a n i e s a n d b a n k s . A s w e a r e d i s c u

s i n c e l a s t o ne m o n t h , t h e n e g a t i v e s e n t i m e n t h a s s u b s i d e d r e m a r k a b l y

m a r k e t a n d a t r e n d i s s e t f o r t h e m a r k e t t o r e m a i n r a n g e d b o u n d w i t h u

b i a s . W e h a v e s e e n s t o c k s p e c i f i c a c t i o n r a t h e r t h a n a g g r e s s i v e

m o v e m e n t . T h e t r i g g e r s f o r b r e a k o u t i n N i f t y m a y b e p r o v i d e d b y a g g r e

g o v e r n m e n t a c t i o n s i n t h e f o r m o f G S T r o l l o u t . S o m e c o n c e r n s o f c o r p

w o r l d h a s b e e n a d d r e s s e d b y T h e G o v e r n m e n t b y p r o p o s i n g n ec e

a m e n d m e n t s i n C o m p a n i e s B i l l a n d i n t r o d u c e d i n L o k S a b h a as C o m p

( A m e n d m e n t ) B i l l 2 0 1 6 .

A l l t h i s m o v e m e n t b y T h e G o v e r n m e n t c o u p l e d w i t h R B I a n d c h a

a t m o s p h e r e i n C h i n a a n d E u r o p e i s s e t t i n g a p l a t f o r m f o r t h e m a r k e t t o

u p w a r d b i a s . T h e c o m m e n t a r y g i v e n b y T h e F e d e r a l R e s e r v e d u r i n

c o n c l u d e d m e e t i n g o n 1 6t h

M a r c h i s g i v i n g s i g n a l t o t h e w o r l d t h a t T h e F

r e a d y t o d e l a y t h e r a t e h i k e a n d t o h e l p t h e w o r l d m a r k e t t o s t a b

T e c h n i c a l l y t h e m a r k e t w i t h s t r o n g s u p p o r t o f 7 4 0 0 h a s c o n q u e r e d 7 6 0 0

i t r e m a i n s a b o v e 7 6 0 0 f o r c o u p l e o f d a y s , t h i s b r e a k o u t w i l l b e a s i g n i

o n e f o r t h e m a r k e t .

K a m a l J h a v e r i

M D - J h a v e r i S e c u r i t i e s

1 -

286March,2016

mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


2/10

2-

Company Basics

E Code 520051

E Symbol JAMNAAUTO

UITY ( in Cr.) 37.74

T.CAP ( in Cr.) 1048.31

Financial Basics

FV () 5.00

EPS () TTM) 7.41

P/E (x) (TTM) 17.79

P/BV (x) (TTM) 5.33

BETA 1.3666

RONW (%) 11.63%

Share Holding Pattern

Holder’s Name % Holdin

Foreign 0.52

Institutions 2.89

Promoters 46.45

Govt. Holding 0.00

Public & Others 50.14

Non Promoter 0.00

uation :

mpany Update : Jamna Auto Industries Ltd.

286March,2016


3/10

3-

eekly Market Recap :

The US Fed’s lowering of forecast for possible rate hikes during the year sparked off a rally across asset classeequity was no exception.

The week brought positive news from all fronts. At home, consumer and wholesale inflation data for February urther, raising hope of a rate cut by the Reserve Bank of India (RBI) sooner than later.

Rate cut hopes strengthened after the US Fed dropped hints that there may not be more than two rate hikes this year as earlier forecast of four.

While the rise in crude prices was seen as a positive for emerging market (EM) equities in the short term, it maountries such as India with high current account deficit (CAD) in the long run.

arket Eye Week ahead :

Only the first three sessions of the week will see trading on Dalal Street. The market will be closed on Thursday on acHoli and on Friday for Good Friday.

On the global front, existing home sales data in the US will be unveiled on Monday, 21 March 2016. New home saleshe US will be unveiled on Wednesday, 23 March 2016. US will unveil Q4 gross domestic product (GDP) data on FrMarch 2016. Eurozone Markit PMI Composite index data for March will be unveiled on Thursday, 24 March 2016.

The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second

April 2016.

The trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dolrude oil price movement will dictate trend on the bourses in the absence of any domestic macro economic data.

Mon : No Data

Tue : No Data

Wed : No Data

Thu : No Data

Fri : No Data

Producer Price Index (PPI)

The Producer Price Index (PPI) is used to measure the change over time of the average price of goods produced domestically

PPI is divided into three levels. The first is the PPI commodity Index, which shows the average price change over a certain timusually a month) for commodities like crude oil and coal.

PPI of finished goods is a direct indicator of the near-term level of the Consumer Price Index (CPI).

round The World

286March,2016

owledge Corner :


4/10

utual Fund Corner

4-

Source : - www.valueresearchon

nd Name

heme Name Birla Sun Life Tax Relief 96

C Birla Sun Life Asset Management Company Ltd

e Tax Planning

egory Open-ended and Equity

nch Date March 1996

nd Manager Ajay Garg

Assets

Rs. 1928.2 crore as on Jan 31, 2016

Top 10 Sector Break-Ups

Sector Weights Fund

Financial 23

Automobile 16

Services 12

Healthcare 8

Engineering 7.

Technology 6.

Chemicals 5.FMCG 5.

Diversified 4.

Energy 3.

Composition (%)

Equity 97

Debt 2

Cash -0

Risk Analysis

Volatility Measures

Standard Deviation 15

Sharpe Ratio 0

Beta 0

R-Squared 0

Alpha 11

tory 2013 2014 2015 2016

(Rs) 86.06 128.10 137.07 122.74

l Return (%) 9.10 54.54 9.15 -10.45

ifty 50 2.34 23.15 13.21 -1.19

S&P BSE 100 4.72 19.07 10.63 -0.22

k (Fund/Category) 11/37 19/73 7/73 24/81

e e k H i g h ( R s ) 86.06 128.12 143.72 -

Week Low (Rs) 68.31 78.21 126.69 -

Assets (Rs.Cr) 1401.31 1808.99 1947.66 -

ense Ratio (%) 2.42 2.32 2.38 -

Fund StyleInvestment StyleGrowth Blend Value

Large

Medi

Sma

286March,2016

nd Performance v/s S&P CNX Nifty

FundCNX Nify

based to 10,000)

http://www.valueresearchonline.com/http://www.valueresearchonline.com/


5/10

mmodity Corner

5-

DAMENTAL:

OMMENDATION : SELL GOLD @ 29500 SL 29950 TGT 28650-28200 , SELL SILVER @ 38000 SL 39100 TGT 37250-36400

DAMENTAL:

OMMENDATION : SELL COPPER @ 341 SL 348 TGT 335-328 , SELL ZINC @ 124 SL 127 TGT 120-118 , SELL NICKEL @ 590 SL 6560, BUY ALUMINIUM @ 98 SL 95 TGT 101-104.

DAMENTAL:

OMMENDATION : BUY CRUDEOIL @ 2600 SL 2480 TGT 2740-2880,BUY NAT GAS @ 122 SL 115 TGT 130-138

BULLION

BASE METALS

ENERGY

286March,2016


6/10

4 -

mmodity Corner

USD/INR

6-

rex Corner

EUR/INR

GBP/INR

JPY/INR

rket Eye Week ahead :

ndian domestic data will be rather more limited in the coming week, with demand for the Indian Rupee (INR) expebe driven primarily by global market sentiment and US economic data. Thursdays US Durable Goods Orders repoee the US Dollar (USD) enter a fresh slump across the board. Indias rupee appreciated last week, as loca

markets continued to rise with strong foreign inflows. We advise USD INR pair to sell on rise and expect to toucevels soon.

Level S2 S1 CP R1 R2 High Low Cl

SD/INR 66.24 65.89 66.93 67.28 67.97 67.61 66.57 66


PY/INR 59.07 58.40 59.56 60.23 60.72 60.06 58.90 59


BP/INR 95.16 94.09 96.06 97.13 98.03 96.97 95.00 96


UR/INR 74.61 74.14 75.17 75.64 76.20 75.73 74.70 75

rket Recap :

Last week the USD INR pair closed the week at66.60 thus showing net gain of 1% on week to weekbasis. Indias rupee (INR) appreciated last week asa dovish FOMC statement weakened US Dollar against all major currencies.

Also, local stock markets continued to rise withtrong foreign inflows. We expect flows to continue

n coming week also thus appreciating currencyurther.

285March,2016


7/10

The trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and rice movement will dictate trend on the bourses in the absence of any domestic macro economic data.

Nifty finally closed the week at 7604.35 thereby showed a net rise of 1.25%.More upside can be confirmed if breakout above 7650 is witnessed. In the event of a further sustained rise and close above 7650 expect the next lower top of 7972 to be

The supply zone is at 7863-7972. The retracement levels of the fall from 9119 to 6825 are placed at 7716, 7955 and 8273. ong can revise up the stop loss to 7400 to reduce the risk. The daily chart has the gap at 7674-7741.

7-

treet Recommendations Report Card

Top Fundamental Stocks

Stocks Rec. Date CMP on Rec. CMP Target

AbsoluteReturn @

CMP

Sta

Jamna Auto 22/02/2016 133 134 181 1% B

MT Educare 1/2/2016 164 171 230 4% B

arware-Wall Ropes 28/12/2015 425 333 550 -22% B

Welspun syntax 23/11/2015 121 99 223 -18% B

Natco Pharma 2/11/2015 509 475 636 -7% B

SRF 21/09/2015 1140 1225 1374 7% B

hluwalia contracts 24/08/2015 235 260 368 11% B

nite Computer Sol. 20/07/2015 190 212 255 12% B

mbika Cotton Mills 18/05/2015 880 828 1149 -6% B

dbhav Engineering

Ltd.4/5/2015 298 269 430 -10% B

Omkar speciality

Chemicals16/03/2015 152 163 251 7% B

DHFL 16/02/2015 252 185 368 -27% Accum

V Today Network 27/01/2015 222 296 337 33% B

M&M 12/1/2015 1238 1227 1452 -1% B

Havells India 27/10/2014 274 300 346 9% B

TC India Fin. Ser. 7/7/2014 39 37 45 -5% B

Adani Port 5/7/2014 280 243 347 -13% Accum

286March,2016


8/10

7-

treet Short Term Call Status

286March,2016


9/10

7-

treet Short Term Call Status

286March,2016

One call on daily basis is given keeping view of short term trading on closing basis.Time frame and expected % of return is also mentioned with the suggested call.

This call are purely given on technical trading system generated by the Technical Research Desk.Generally Expected Return on investment is 5-6 % with time horizon of 6-7 days.Profit Booking update is considered if on an average expected return exceed 3.50-4.00 % against Expected return of 5-6%Risk- Reward ratio percentage wise depends on the volatility of stock Normally it stands ( 3 : 9)


10/10

286March,2016

j street volume 286

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