7th January 2017 Issue - 231

NEWS LETTER

R

NEWS & EVENTSs[ºs[±s ti. 11 nv[Àbr pC) fr) a[kvir eºT^i-D[ 27000 pi[eºTn) spiT) k\i[s krvimi> sfL rHi[ hti[. pr>t& eºT^i-D[ 142 pi[eºT s&Fr) 27009.61 pi[eºTn) spiT)a[ phi[>c[l) s[ºs[±s p\Ry[k uCiL[ p\i[f)T b&(k>gni pgl[ eºT^i-D[ v¹yi mYiL[Y) 251 pi[eºT t&Tyi[ hti[ an[ C[Ãl[ aigli> b>Fn) srKimN)a[ 119.01 pi[eºTni GTiDi siY[ 26759.23 pi[eºT b>F rHi[ hti[. (nfT)-50 pN eºT^i-D[ 8300 pi[eºT spiT) k\i[s kr) 8306.85 pi[eºT Yyi bid C[Ãl[ 30 pi[eºTni GTiDi siY[ 8243.80 pi[eºTn) spiT)a[ b>F rHi[ hti[. j[ dSi<v[ C[ k[, (nfT)a[ fr) 8250 pi[eºTn) T[k(nkl) T[kin) spiT) g&miv) C[. ji[k[, si¼tih)k Fi[rN[ s[ºs[±s[ 132.77 pi[eºTni[ an[ (nfT)a[ 58 pi[eºTni[ s&Firi[ ni[>FiÄyi[ hti[. y&a[smi> aieT) k>pn)ai[ miT[ni a[c-vnb) (H1-B Visa) (vzi m&Ñ[ (ny>#iNi[ m&kivi upri>t aieT) k>pn)ai[ miT[ km<cir)ai[n[ vFir[ v[tnn) drKiAt a>g[n&> (bl am[r)kn ki[>g\[smi> fr) m&kiy&> hi[vini ah[vili[ piCL am[r)kimi> si]Y) vF& (bzn[s Frivt) aieT) k>pn)ai[ni S[s<mi> kDikin) (AY(t ji[vi mL) ht). v](Vk a(n(átti an[ aigim) vP[< f&givimi> fr) vFiri[ Yvini a>dijin[ ¹yinmi> (rzv< b[ºk f[b&\air)mi> (FriN n)(tn) sm)xi hiY Frt) vKt[ mhRvini civ)$p Äyijdri[mi> kip m&k[ a[v) S±yti nh)vt C[. (Ds[Àbrni[ f&givini[ dr 3.2-3.3 Tkin) nJk aivvin) FirNi C[ an[ a[ mic<mi> vF)n[ 4-4.5 Tki Yvini[ a>dij C[. ni[Tb>F)ni smygiLimi> k\[(DTmi> nkiriRmk g\i[Y hti[, pr>t& hiu(s>g k\[(DTmi> $. 4063 kri[Dni[ vFiri[ Yyi[ hti[. b[ºki[ j[v) k[ a[sb)aiea[ Äyijdrmi> 90 b[(zs pi[eºTni[ kip m&±yi[ hti[, j[Y) (FriN g\i[Ymi> Kis kr)n[ hiu(s>g x[#i[ (FriNmi> vFiri[ Yvin) S±yti C[. In±k[E e(ºDyi s(v<(ss pc[<(z>g m[n[js< eºD[±s {p)a[miaie} -k[ j[ s(v<(ss x[#in) k>pn)ai[n) kimg)r) ni[>F[ C[, t[mi> mi(sk Fi[rN[ (Ds[Àbrmi> 46.8 ni Atr[ hti[, j[ nv[Àbrmi> 47.8ni Atr[ hti[- j[ s*cv[ C[ k[ uRpidnmi> mi[Ti[ GTiDi[ ni>[Fiyi[ C[. nv[Àbrmi> uµc m*Ãyn) ni[Ti[ pr p\(tb>F m&kvimi> aiÄyi[, a[n) s)F) asr$p[ nvi v[pirni kimkijmi> ni>[Fpi#i GTiDi[ Yyi[ hti[. j[ s¼T[Àbr, 2013 pC) si]Y) mi[Ti[ hti[. ai eºD[±s 50 n) upr hi[y ti[ a[ v[pirn>& (vAtrN dSi<v[ C[ an[ ji[ 50 n) n)c[ hi[y ti[ a[ v[pirn&> s>ki[cn Ye rH&> hi[vin&> dSi<v[ C[. Birt)y s(v<(ss x[#in) ai(Y<k kimg)r) 2016 ni vP<ni a>t[ F)m) rh) ht) an[ ai[±Ti[br (#imi(sk giLimi> a[ 2014n) S$aitni pC) aRy>t F)m) ht). vL) , f[±Tr) uRpidn pN F)m&> pDy&> ht&>, j[mi> King) x[#i pN uRpidnmi> C[Ãli> #iN vP<ni[ mh_im GTiDi[ Yyi[ hti[. (n±k[e e(ºDyi ki[Àpi[(zT p)a[aie aiuTp&T eºD[±s-k[ j[ m[ºy&f[±c(r>g an[ s(v<(ss x[#ini[ eºD[±s (Ds[Àbrmi> 47.6ni Atr[ hti[, j[ nv[Àbrmi> 49.1 hti[.

Market-Hub Stock Broking Pvt. Ltd.Join us at

a[(Syini si]Y) j*ni ATi[k a[±sc[ºj b)a[seni aiep)ai[n[ k[(pTl mik[<T (nyimk s[b)a[ a>(tm m>j*r) aip) d)F) C[. b)a[seni[ aiep)ai[ jiºy&air)mi> aiv[ a[v) S±yti C[.a[±sc[ºj p(¾lk ai[fr oiri $.1500 kri[D a[k#i krvin) yi[jni Friv[ C[. b)a[se S[rd)q (nFi<r[ $.500 n) (k>mt rh[ t[v) S±yti C[. li>bi smyY) rih ji[vimi> aivti eÆy& oiri b)a[se 29955434 S[ri[ni v[ciNn) yi[jni Friv[ C[ an[ hilni S[rhi[ÃDri[n[ ai S[ri[ ai[fr fi[r S[r $T oiri v[ciN kriS[. a[±sc[ºjni k&l hi[(ÃD>gni 30 Tki (hAsin&> v[ciN kriS[. hilni S[rhi[ÃDs<mi> bjij e(ºDyi hi[(ÃD>³s,aki(syi bºyn piT<ns, (s>gipi[r a[±sc[ºj,mi[(r(Sys (AYt am[(rkn ri[kiNkir ¶yi[j< si[ri[sn) SiKi ±vi[ºTm> f>D an[ fi[r[n f>D a[(T±sni[ smiv[S Yiy C[. b)a[seni S[rhi[ÃDri[n) s>²yi aiSr[ 9000 n) C[, j[mi mi[Ti Bigni b\i[kri[ C[.

k>pn) a[ t[ni management discussion mi> jNiÄy& ht& k[ t[ai[ pi[tin) p[Ti k>pn) Camerron, West Africa, Prima Dee-Lite Plastics mi> pi[tin) uRpidn xmti vFirvin) vit kr) ht) j[ k>pn) a[ 3J jiºyir),2017 ni ri[j 4500 Tn Y) vFir)n[ 8500 Tn kr) C[. upri>t ai k>pn) pis[ Y) Prima Plastic n[ $. 3.52 kri[D n&> (D(vDºD mÇy& C[.

Update on MH Fundamental call Prima Plastic Ltd (Recommended price(10.12.2016): Rs. 221, CMP as on 06.01.2017: Rs. 245, up by: 10.86%):-

TECHNICALRR

Market-Hub Stock Broking Pvt. Ltd.Join us at

ytJt;tt yXJttzegttbttk Dgttltbttk htFtJtt suJtt Ntuymto

UIF ;%TFCDF\lGO8L :5M8 ov uprmi> 8306.85 an[ n)cimi> 7133.80 ni[ Biv ji[vi mÇyi[ hti[.

VFU,F ;%TFCDF\lGO8L :5M8 n)c[mi> 8125 Y) 8100 n) r[ºjmi> 8080 sl Y) Kr)d) j krv) krv) uprmi> 8364 Y) 8440 ni[ Biv aiv)

Sk[.

VFU,F ;%TFCDF\Bank nifty :5M8 ov GTiD[ 17900 ni sl Y) Kr)d) kr) Skiy upr mi> 18500 Y) 18888 ni[ Biv aiv) Sk[.

Bank Nifty Weekly Chart Nifty Weekly Chart

COMMODITY

Market-Hub Stock Broking Pvt. Ltd.Join us at

RR

k|&D ai[el :- uCiL[ 3825 n) r[ºjmi> v[ciN kr) Skiy uprmi> 3925 ni[ closing sl riKvi[ n)cimi> 3550 Y) 3500 ni[ Biv aiv) Sk[.

si[n&>:- GTiD[ 27100 ni sl Y) Kr)d) kr) Skiy uprmi> 28500 s&F) ni[ Biv aiv) Sk[ 27100 n)c[ close aipti 26600 Y) 26200 s&F) ni[ Biv ji[E Skiy.

ki[pr :- 390 mhRvn& l[vl C[ 390 pr b[ (dvs b>G aipti 404 an[ 404 pr close aipti 428 Y) 444 s&G) ni[ Biv aiv) Sk[ n)cimi> 370 ni[ support C[ t[ni n)c[ b>G aipti 350 s&G) ni[ Biv aiv) Sk[.

ci>d) :- GTiD[ 38700 ni sl Y) Kr)d) kr) Skiy uprmi> 40800 upr close aipti 43300 ni[ Biv ji[vi mL[ 38800 n)c[ close aipti 36900 s&F) ni[ Biv aiv) Sk[.

n[crl g[s :- 210 n) r[ºjmi> Kr)d) kr) Skiy 200 ni sl riKvi[ uprmi> 220 Y) 234 ni[ Biv ji[vi mL[ an[ uCiL[ 242 Y) 245 n) r[ºjmi> v[ciN kr) Skiy n)cimi> 210 ni[ Biv ji[vi mL[.

copper weekly chart

crude oil weekly chart

gold weekly chartnatural gas weekly chart

silver weekly chart

B/230-231, International Trade Center, Majura Gate, Ring Road, Surat-2.(Guj.) India Ph: 0261- 40 60 750, 246 27 90 Fax : 0261-246 27 91 www.markethubonline.com E-Mail : sales@markethubonline.com

BRANCHBRANCHVarachha Road, Surat - 6. Ph : 0261-254 49 06 Mahidharpura, Surat-3. Ph : 0261 - 245 10 39

Am

bik

a A

rt 9

8 2

5 2

7 9

0 9

0

For Private Circulation OnlyMarket-Hub Stock Broking Pvt. Ltd.Join us at

Disclaimer : We do not represent that information provided by us is accurate or complete and it should not be relied upon as such. The advice provided here is just for knowledge purpose only.The user assumes the entire risk of any use made or not made of this information.INVESTMENT IN EQUITY, MUTUAL FUND, EQUITY, CURRENCY & COMMODITY DERIVATIVES IS SUBJECT TO RISK. WE ARE DISTRIBUTOR OF MUTUAL FUND.Client should read the Risk Disclosure Document (RDD) & Do’s and Don’ts issued by SEBI & relevant exchanges before investing.

HEAD OFFICEHEAD OFFICE

For Market-Hub Clients & Associates

IA SEBI Registration no.:INA000005333

GYAN RR

s&>drm fiATns< (lm)T[D T) v) a[s g&\pn) ai[Ti[mi[T)v an[ a[(ºj(nyr)>g p\i[Dks uRpidn krt) k>pn) C[. k>pn) fiATns< s[³m[ºTmi> mik[<T l)Dr C[ tdpri>t OEMs (Original Equipment Manufacturers) s[³m[ºTmi> k>pn) li>bi smyY) uRpidki[ siY[ siri s>b>Fi[ jiLv) riKvimi> sfLti m[Lv) C[. k>pn)ni AYi(nk tYi ai>trriOT^)y g\ihki[mi> mi$(T s&z&k), Ti[yi[Ti, fi[ks v[gn, m(hºWi a[ºD m(hºWi, aSi[k l[l[ºD, TiTi mi[Ts<, bjij ai[Ti[, T)v)a[s, j[s)b), Je, hn)v[l, Dini, E>grsi[l r[ºD, bi[S, k[Tr(plr, jg&air an[ jhi[n D)r) j[vi g\ihki[ni[ smiv[S Yiy C[.ai k>pn)ni p\i[Dksn&> Birt (sviy cieni, y&nieT[D (k>gDm, jm<n) an[ ml[(Syimi> v](Vk uRpidn Cviy[l&> C[. k>pn)n) uRpidn ~[N)mi> High tensile fasteners, cold extruded parts, powder metal parts, iron powder, radiator caps, gear shifters, hot forged parts, precision forged differential gears, water pumps, oil pumps, fuel pumps, belt tensioners, rocker arm assemblies, cam followers, bearing housings, hubs and shafts, tappets & other engine components and valve train parts ni[ smiv[S Yiy C[.

Company Financials Company Details

Market Cap (Rs. Cr.) : 6376.35

P/E: 23.65

EPS: 12.83

Book Value: 44.26

Div Yield (%) : 0.71

Price/Book: 6.86

Stock Name: Sundaram Fasteners Ltd.

CMP : 304.10

Sector Name: Auto Ancillary

NSE Symbol: SUNDRMFAST

BSE Symbol : 500403

Key Investment Rationales:

Valuation

MH Take:

k>pn) a[k highly competitive Auto Ancillary s[³m[ºTmi> kiy<rt C[. jyi> k>pn)a[ pi[tin) Quality, Delivery Reliability an[ efficient supply Chain j[vi g&Ni[ hi[viY) pi[tini Pricing Power pr sci[T pkD m[Lv) C[. j[ kirN[ k>pn)a[ nfini mi(j<nmi> vZ(¹F ni[>Fiv) C[. jyir[ ai k>pn) sim[ b)J hr)f k>pn)ai[ ai kiy< krvimi> (nOfL rh) C[.

k>pn)a[ pi[tini low margin Frivti j&ni business model j[ convential fasteners business n) Äy&hrcni n[ bdl)n[ U>ci mi(j<n uRpidni[mi> S[r vFiyi[< C[. j[mi> Hub, shaft, powdered metal components, Hot & Cold Forged Products an[ pump Assemblies ni[ smiv[S Yiy C[. k>pn) j*n) Äy&hrcni n) sim[ hil ai nv) Äy*hrcni ni amlY) 14% Y) 22% n) mi(j<nmi> vZ(¹F ni[>Fiv) C[.k>pn)a[ C[Ãli C vP<Y) pi[tini[ tools an[ spares ni Kc<mi> vFiri[ kr) rh) C[ an[ aiSr[ hilni smygiLi s&F)mi> $.800 kri[Dn&> ri[kiN ky&< C[. ai Äy*hrcnin) mddY) k>pn) pis[ tools n) a[k (vSiL liyb\[r) bn) ge C[ j[ni kirN[ k>pn) nvi nvi p\i[D±sni[ (vkis, t[mj g\ihki[n[ customized solutions aip) Sk[ C[ tdpri>t nvi g\ihki[ pN hAtgt krvimi> sfL rh) C[. ai Äy*hrcniY) k>pn)n&> Gross Margin 41.7 % {FY12}Y) vF)n[ 48.3%{FY16}Ye gy& C[. k>pn) (v(vF p\kirni p\i[D±si[n&> uRpidn krt) hi[viY) ai ai[Ti[m[ks< k>pn) miT[ a[k “One Stop Shop” k>pn) bn) gy) C[.k>pn) hil pi[tini (nkislx) Äyipir pr vF& ¹yin k[ºW)t kr) rh) C[.j[ k>pn)ni FY16 n) k&l aivkni[ 30% (hAsi[ Friv[ C[.

k>pn) pi[tini “Pricing Power” an[ “High Margin” p\i[D±smi> (hAsi[ vFirviY) ROE mi> s&Firi[ kyi[< C[. hil k>pn)n&> ROE 21.84% (FY16). j[ Industry ni Average ROE krti 2.2 gN& vFir[ C[.Industry n&> mik[<Tk[p/s[Ãs ni[ r[(Syi[ 6.32 C[. j[n) sim[ k>pn) ni[ r[(Syi[ mi#i 2.35 C[. j[ s*cv[ C[ k[ k>pn)n) pis[ mik[<Tk[pmi> vFiri[ krvi miT[ni GNi[ scope C[. agr k>pn) pi[tin&> mik[<Tk[p vFirvimi> sfL rh[S[ ti[ k>pn) ni PE mi> vZ(¹F ji[vi mL) SkS[.k>pn)ni[ Debt to Equity Ratio FY12 mi> 1.35 ht&>; j[ FY16mi> GT)n[ 0.57 Ye gy& C[.

k>pn) n) bdl[l) Äy*hrcni, Pricing Power, Debt to Equity Ratio, k>pn)n&> Rich Product Mix, mi(j<nmi> vZ(¹F an[ mik[<TS[rmi> vZ(¹F a[ s*cv[

C[ k[ a[k ri[kiNkir[ pi[tini pi[T<fi[(lyi[mi> smiv[S krvi[ ji[ea[.

k>pn)a[ nfi mi(j<nn[ vFirvi miT[ n)c[ aip[l 3 mhRvni pgli l)F[l C[: