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ex

Market View:

The Government is on the Move

Last Saturday we have emphasized the level of 7700 and were of the opinion that if it

tained, it is all set to achieve new heights. The important support level in current situa

7400-7450 range. The fall in Dollar Index from its recent highs and some mild commen

ECB have helped Rupee to appreciate. But some positive talks regarding surprised rate

the month of April by one of The Fed Governors has sparked a rally in Dollex. The India

ernment seems to have taken aggressive stance and trying to inform the public and

about their future goals to revive the economic growth at the earliest. A marathon me

conversation by The Railway Minister, The Transport & Infrastructure Minister and Th

communication Ministry have shown the willingness and commitment to run on the pat

forms have provided very strong signals to the investor community including foreign inv

The Government has given approval to NIIF (National Investment & Infrastructure Fund

the important infra projects funded by UAE to the tune of 75 Billion Dollars over the pe

time will be a big positive for Cement, Steel & Infra companies. The housing for all b

scheme is also launched and a massive investment of close to 90,000/- crores is com

Rs. 1,10,000/- is to be given to rural houseless family and Rs. 1,30,000/- will be given

rural family residing in difficult terrain. In all, a very big push with commitment is given t

structure and housing which has potential to generate employment on big scale with lot

companies to scale new heights. The project to provide electricity to all by 2020 is also

to be an important one so far as transmission and generation of electricity is concernedpled with this, The UDAI scheme will also be of a great help to the power discom com

Considering this big move by The Government, it is clear that the approach of The G

ment is positive and aggressive which will help revive the corporate revenue during the

tain and pessimistic conditions prevailing in the international market.

Technically there is a strong support zone of 7400-7450 and strong resistance at 7750.

of the current situation, be stock specific with medium to long term view.

K a m a l J h a v e r iM D - J h a v e r i S e c u r i t i e s

1 -

287March,2016

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2/10

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Company Basics

E Code 533080

E Symbol MOLDTKPAC

UITY ( in Cr.) 13.85

T.CAP ( in Cr.) 382.14

Financial Basics

FV ( ) 5.00

EPS ( ) TTM) 7.57

P/E (x) (TTM) 18.23

P/BV (x) (TTM) 3.02

BETA 1.0354

RONW (%) 20.06

Share Holding Pattern

Holder’s Name % Holdin

Foreign 2.68

Institutions 17.15

Promoters 33.91

Non. Promoters 0.00

Public & Others 46.27

Govt Holding 0.00

uation : MOLDTEKPAC is trading at 138. We recommend “Buy” with target price of 179.valuing

9.84. The stock currently trades at 20.17x of FY16E, 16.81x of FY17E and 14.01x of FY18E

mpany Update : Mold-Tek Packaging Limited

287March,2016


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ekly Market Recap :

arket Eye Week ahead :

Fri : Auto sales 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

287March,2016

owledge Corner :


4/10

utual Fund Corner

4-

Source : - www.valueresearchon

nd Name

heme Name Axis Long Term Equity Fund

C Axis Asset Management Company

e Tax Planning

egory Open-ended and Equity

nch Date December 2009

nd Manager Jinesh Gopani

Assets

Rs. 6677.0 crore as on Feb 29, 2016

Top 10 Sector Break-Ups

Sector Weights Fund

Financial 30

Automobile 13

Healthcare 11

Technology 8.

Chemicals 7.

FMCG 5.

Cons Durable 5.Eng ineer i ng 3.

Diversified 2.

Services 2.

Composition (%)

Equity 96

Debt 4.

Cash -0

Risk Analysis

Volatility Measures

Standard Deviation 14

Sharpe Ratio 1.

Beta 0.

R-Squared 0. Alpha 15

tory 2013 2014 2015 2016

(Rs) 17.26 28.69 30.61 29.12

l Return (%) 16.51 66.18 6.70 -4.89

fty 50 9.75 34.79 10.76 -2.00

S&P BSE 100 12.13 30.71 8.18 -0.97

k (Fund/Category) 1/37 6/73 19/73 34/81

e e k H i g h ( R s ) 17.27 28.69 32.84 -

Week Low (Rs) 13.54 16.65 28.53 -

Assets (Rs.Cr) 755.32 2983.00 6479.59 -

ense Ratio (%) 2.85 2.55 2.51 -

Fund StyleInvestment StyleGrowth Blend Value

Large

Medi

Sma

287March,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: Bullion dropped sharply while Gold poised for its worst week since last 3 months settled down at 28599 down by -1.83% whped by-2.88% at 36669 amid a rally in the dollar fueled by speculation that the Federal Reserve will lift U.S. interest rates in the next few

ket where remain closed on Friday in observance of the Good Friday holiday. Sentiments dropped after St. Louis Fed President Jamed his support to the possibility of more U.S. interest rate hikes this year on Thursday, with the first perhaps as soon as April. The hawki

ts follow similar remarks made by Philadelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, San Francisco Fed PWilliams and Atlanta Fed President Dennis Lockhart earlier in the week. The prospect of more U.S. interest rate rises this year bolstered t

nst its major rivals. The dollar index rose to a one-week high of 96.39 on Thursday. It ended the holiday-shortened week with a gain of 1.1%gain this month. A stronger dollar makes U.S. commodities more expensive for buyers holding other currencies. Despite recent losses, p

yellow metal are up nearly 14% so far this year as investors seek safe havens in the face of mounting instability in other financial markets over a China-led global economic slowdown make it tougher for the Fed to raise rates. In the week ahead, market players will be turning

on to a highly anticipated speech by Federal Reserve Chair Janet Yellen on Tuesday for further clues on the timing of the next U.S. rate hs Yellen, there are other Fed speakers in the coming week, including New York Fed President William Dudley on Thursday and Clevela

ident Loretta Mester on Friday. March nonfarm payrolls data and the March ISM manufacturing report, both due Friday, will also be in fstors attempt to gauge if the world’s largest economy is strong enough to withstand further rate hikes in 2016. Traders will also be lookingon China’s manufacturing sector due on Friday, amid ongoing concerns over the health of the world’s second biggest econo my.OMMENDATION : SELL GOLD @ 28600 SL 29000 TGT 28250-27800 . SELL SILVER @ 36800 SL 37800 TGT 36150-35200

DAMENTAL: In Base metals leaving Nickel all metals dropped nearly 1.30% for the week after dollar rallied and triggered profit-taking, bmism over demand in China helped to limit losses ahead of key manufacturing data from the leading consumer of the metal. The greenbackh consecutive day against a basket of major currencies, putting it on track for its best run of gains in almost a year as investors moved toossibility of a US interest rate rise next month. The metal has dropped in value for three straight years and in January slid to the lowest sincine owners failed to cut output enough to avoid a surplus. Copper has slumped as global production expanded faster than demand, followid commodity super cycle that marked a decade of rising prices and consumption. Output is still increasing, with more than 4.5 million metricapacity planned to come online over the next four years, according to Bloomberg Intelligence estimates. Production has exceeded dema

9 months through January, according to the World Bureau of Metals Statistics. The copper surplus will last through 2019, Goldman Sachwrote in a Feb. 8 report. Nickel prices are not joining the broad metal price rally as on March 4, the U.S. Commerce Department launched

ping and countervailing duty investigation into Chinese imports of stainless steel sheet and strip, for possible illegal subsidies and selling w cost to illegally gained market share. With the threat of anti-dumping lawsuits looming, the volume of imported stainless sheet and striy been diminishing, pushing out domestic lead times. However, low international prices will likely add downside pressure if stainless s rise, especially since China is the only named party. Now in the week ahead, market players will be turning their attention to a highly anch by Federal Reserve Chair Janet Yellen on Tuesday for further clues on the timing of the next U.S. rate hike. Besides Yellen, there are otkers in the coming week, including New York Fed President William Dudley on Thursday and Cleveland Fed President Loretta Mester on

ch nonfarm payrolls data and the March ISM manufacturing report, both due Friday, will also be in focus, as investors attempt to gauge if thest economy is strong enough to withstand further rate hikes in 2016. Traders will also be looking out for data on China’s manufacturing seriday, amid ongoing concerns over the health of the world’s second biggest economy.OMMENDATION : SELL COPPER @ 336 SL 345 TGT 328-322. SELL ZINC @ 121 SL 125 TGT 117-114.SELL NICKEL @ 590 SL 6560. BUY ALUMINIUM @ 97 SL 94 TGT 100.50-103. SELL LEAD @ 119 SL 123 TGT 115.

DAMENTAL: Energy Complex was mixed one side we have seen WTI crude oil fell below $40 a barrel heading for the biggest weekly slidths, dented by record-high stockpiles in the US and a stronger dollar but despite of same we have seen prices manage to closed with the g

% at 2658. While Natural gas dropped to closed down by -5.11% at 120.80 level despite data showed U.S. supplies in storage rose less ed last week. Crude oil prices tumbled as a spike in last weeks U.S. crude inventories underlined concerns over a domestic supply glut. Ae US EIA, crude oil inventories rose by a more-than-expected 9.4 million barrels last week to an all-time high of 532.5mbls. Since falling to 1at $26.05 on February 11, U.S. crude futures have rebounded by approximately 45% as a decline in U.S. shale production boosted se

e is expected to be thin as many markets closed for the Easter holidays. Trading on Monday will also be light due to a public holiday in Britaal among a few Opec producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ase output, a senior executive from the IEA said on Wednesday. Russia will export more oil to Europe in April than it has in any month sin

espite Moscows plan to sign a global agreement on freezing production in a bid to lift the price of crude. But Nigeria believes such an agreible, its Petroleum Minister Emmanuel Ibe Kachikwu said. Things could get worse for oil bulls, with trading houses betting on oil markets belied for at least two more years and looking to extend or lock in new leases on storage tanks. While Natural gas dropped after the U.S. EIAeekly report that natural gas storage in the U.S. rose by 15bcf last week, below expectations for an increase of 20 billion. For the weekral gas tumbled 5.3%, halting a two-week win streak, as updated weather forecasting models pointed to spring-like temperatures across moe U.S. in the weeks ahead. In the week ahead, market players will be focusing on weekly U.S. storage data on Thursday for fresh supand signals. While oil traders will be focusing on U.S. stockpile data on Tuesday and Wednesday for fresh supply-and demand signals.OMMENDATION : BUY CRUDE OIL @ 2560 SL 2400 TGT 2720-2850.BUY NAT.GAS @ 116 SL 110 TGT 124-130.

BULLION

BASE METALS

ENERGY

287March,2016


6/10

4 -

mmodity Corner

USD/INR

6-

rex Corner

EUR/INR

GBP/INR

JPY/INR

rket Eye Week ahead :

The daily chart points out to a strong SELL on the USD/INR. We expect the US dollar to meet supply pressure onagainst the rupee. ’’Utilize pullbacks in the USD/INR March contract to sell March futures in the range of 66.98-67.arget 66.20-66.30. Lat week foreign fund inflows continued into the equity segment and helped the rupee streurther against developed market currencies In worst case scenario. the price may find itself in a trend less area loo

break the resistance or support level. Having the strong resistance level at 66.90 is really encouraging for theRupee trader.

Level S2 S1 CP R1 R2 High Low Cl

SD/INR 66.44 66.22 66.7 66.92 67.18 66.95 66.47 66


PY/INR


BP/INR


UR/INR

rket Recap :

The Indian rupee commenced lower on Monday, 28March 2016 resuming trade after a holiday longweekend on month-end demand for the Americancurrency from importers and banks.

The domestic currency opened at Rs 66.88 againsthe dollar and climbed to a high of 66.66 so far

uring the day. In the spot currency market, thendian unit was last seen trading at 66.74.

The U.S. dollar index, which measures thegreenback’s strength against a trade-weightedbasket of six major currencies, was last quoted at96.17.

287March,2016


7/10

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treet Recommendations Report Card

Top Fundamental Stocks

Stocks Rec. Date CMP on Rec. CMP Target

AbsoluteReturn @

CMP

Sta

Jamna Auto 22/02/2016 133 141 181 6% B

MT Educare 1/2/2016 164 166 230 1% B

arware-Wall Ropes 28/12/2015 425 331 550 -22% B

Welspun syntax 23/11/2015 121 102 223 -16% B

Natco Pharma 2/11/2015 509 468 636 -8% B

SRF 21/09/2015 1140 1248 1374 9% B

hluwalia contracts 24/08/2015 235 267 368 14% B

nite Computer Sol. 20/07/2015 190 204 255 7% B

mbika Cotton Mills 18/05/2015 880 820 1149 -7% B

dbhav Engineering

Ltd.4/5/2015 298 273 430 -9% B

Omkar speciality

Chemicals16/03/2015 152 173 251 14% B

DHFL 16/02/2015 252 189 368 -25% Accum

V Today Network 27/01/2015 222 312 337 41% B

M&M 12/1/2015 1238 1249 1452 1% B

Havells India 27/10/2014 274 304 346 11% B

TC India Fin. Ser. 7/7/2014 39 35 45 -11% B

Adani Port 5/7/2014 280 238 347 -15% Accum

287March,2016


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treet Short Term Call Status

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9/10

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treet Short Term Call Status

287March,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)


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