Value Research

Nifty, Sensex Still Under Pressure We had mentioned that Nifty, Sensex may try to stabilise and rally and if Nifty reclaims 8,400. However, a huge decline in the US markets the previous Saturday, followed up by crashing markets in Asia, led to a major fall in Indian markets. Over the week, the indices recovered a little but the net loss over the week was 4%-5%.      This week, both the indices continued to remain below the short term average of 20dma (Sensex – 27442 and Nifty – 8326), the medium term average of 50dma (Sensex – 27751 and Nifty – 8402) and even the long term average of 200dma (Sensex – 27957 and Nifty – 8449). Thus the trend in the short term, medium term and even the long term timeframe continues to remain bearish .   Volatility Index India VIX shot by massive 70% in Mondays trade itself. After closing the week around 23, it is aiming for a target of 39. Options data for September series indicates highest Put Open Interest build...

 TYCHE INDUSTRIES LTD Rs 45/ Hyderabad based Tyche Industries Ltd is engaged in manufacturing and marketing of Active Pharma Ingredients (API) & Intermediates. Company is also producing Chiral Intermediates and Nutraceuticals. In fact, Tyche is one of the largest producer of Glucosamine Products in India which are also exported to USA and Europe. Until FY11, company had been stagnating. However, since last year, Tyche has been growing rapidly in terms of topline as well as bottomline. Moreover, Tyche has small Long Term Debt of just 1 crores and interest cost as percentage of sales are very very low. With sharply improved results in recent past and expectation of continued improvement, Buy recommendation as scrip is available at very low valuations. FUTURE OUTLOOK;                                    ...

Blue Star Infotech Ltd (BSIL) , part of Blue Star group, offers solftware solutions in Digital Transformation and Software Product Engineering with operations in UDA, UK, Europe, Malaysia and Singapore. Company is focused on delivering valued-added and future-proofed software solutions by leveraging emerging technologies and trends while preswerving existing investments for gaining competitive advantages. BSIL caters to the IT and software R&D needs of enterprises globally and offers a broad spectrum of services ranging from Application Development and Management, Product engineering, Package Implementation and Testing to emerging areas such as Business Intelligence/Analytics, Mobility and Cloud Computing. Its technology labs for Mobility, Cloud Computing, Analytics and Usability engineering incubate and propagate new methodologies, standards, tools and solutions. BSIL has been delivering consistently good financials:             ...

STAR PAPER MILLS LTD  (516022)   (29.35) On 6 th April 2015, we had recommended this stock at Rs.21.70, after our recommendation it zoomed to Rs.37 levels. Again we are recommending this stock.   Star Paper Mills is engaged in manufacturing of paper and paper related products. Incorporated in 1938, the company is part of Duncan Goenka Group. Star Paper has received ISO 9001:2000 and ISO 14001:2004 certifications for its quality management. To produce its raw material, the company owns 34983 hectare on which 270 lakhs saplings have been grown spread across seven districts of western Uttar Pradesh and two districts of Uttranchal. The company has started Clonal Technology Programme with an intension to increase the yield per unit area. The paper major has developed fully automatic green houses and hardening chambers at Tapri for production of clonal plants. Star Paper Mills produces range of products used in industrial, packaging and cultural papers catering...

Dalal Street Tower Talk   Singer India (Rs 182)--Singer Is a MNC Company in Which Promoter Holding Is 75 % Its Likely To Achieve EPS of Rs 6 Along With 15 % Dividend For The Fourth Quarter ended june 2015.Their Is also Likelihood of a Strategic Corporate Anouncement   Amines And Plastic:-Some Movement Can Expected In The Stock In The Coming Days (Bonus Buzz)  

Delta Corp (Rs. 79.00) (Code: 532848) :- Big Bull Rakesh Jhunjhunwala, Rekha Jhunjhunwala and Morgan Stanley have acquired a large number of shares of this company, making it an outperformer. EMCO (Rs. 26.00) (Code: 5040008) :- There is a lot of movement in the shares of this heavy electrical equipment maker. Promoters have increased their stake by 2%. FIIs and DIIs are also buying heavily. The company is expected to benefit from the Bihar package announced by prime minister Narendra Modi. Shemaroo (Rs. 271.00) (Code: 538685) :- This media entertainment company has delivered good returns since entering the equity market. It plans to develop content library with an investment of Rs. 200 crores. The plan will have a positive impact on the stock Cipla (Rs. 697.00) (Code: 500087) :- The stock had undergone sharp correction after it announced the quarterly results. However, of late, in spite of the market uncertainty and the depreciation of the rupee, traders and investors are show...

Asahi Songwon Colors :- (532853 & NSE as "ASAHISONG") (139) Asahi Songwon Colors Ltd. is in the business of manufacturing pigments. Pigments are basically colourants, adding colour to everything around us, namely ink, paints, plastics, textiles, rubber etc. ASCL was promoted by Mrs. Paru M. Jaykrishna, having rich business experience in the field of manufacturing Pigments & Chemicals and Travel Industry. For Q1FY16, sales have decrease 40% to Rs.58.02crore (because of demerger of the pigment green division of Asahi Songwon to AksharChem (India) Ltd. The swap ratio was five equity shares of AksharChem (India) of ?10 each fully paid-up for every 26 equity shares of Asahi SongwonColors). Despite of lower topline & rise in income tax, PAT has jumped by 19.43% to Rs.5.04crore. Q1FY16 EPS stood at Rs.4.11. The scrip is trading at P/E multiple of just 9.3. Company is regularly paying dividend to its shareholders. It has paid 35% dividend for FY14 & declares 35%...

Market may remain volatile ahead of F&O expiry Macroeconomic data, the progress of monsoon rains, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month August 2015 series to September 2015 series. The near month August 2015 derivatives contracts are set to expire on Thursday, 27 August 2015. BSE Index (27366.07) :- From top of 28417.59, the index is moving down. It shows overbought to neutral position on daily and weekly basis, while towards neutral on monthly basis. On upward movement, beyond 27443 it may go up to 27564, 27564 with resisting level at 27700. On downward movement, below 27300 it may go down to 27131, 27000, 26875 and 26730. Selling spree might be witnessed on upward movement. Nifty Future (8306.35) :- It is...