nn

8th

September 2018 Issue - 316

Bulls regain momentum on D-Street,

Sensex ends over100 points higher;

Nifty short of 11,600

What a fantastic Friday it was for the bulls! A

huge surge in the midcaps space along with

automobiles, pharmaceuticals as well as

energy names ensured that the market had a

strong trading day. The Nifty managed to end

well above 11,550-mark. The midcap index

ended with gains of over a percent and

outperformed the benchmarks.

RBI defends 72 rupee per dollar mark strongly

The Reserve Bank of India (RBI) intervened

heavily in the foreign exchange market on

Friday, mounting a formidable defence of the

72 rupee to the dollarNSE 1.66 % mark in a

reversal of its light-handed approach in the

last few weeks, dealers said

Religare Enterprises down 3% as Q1 net

loss widens to Rs 17cr

Shares of Religare Enterprises declined

nearly 3 percent intraday Friday as

company's net loss widened by 21 percent in

the quarter ended June 2018.

The company's Q1 net loss increased to at Rs

17.07 crore versus loss of Rs 14.05 crore in a

year ago period.

Corporate Action

Company Name Type

& Percentage

Record Date Ex-Date

BONUS GlaxoSmithKline Bonus Ratio (1:1) 13-09-2018 11-09-2018

Godrej Consumer Bonus Ratio (1:2) 14-09-2018 12-09-2018

Yuken India Bonus Ratio (3:1) 14-09-2018 12-09-2018

DIVIDED

Zodiac JRD-MKJ Final (5%) - 10-09-2018

Victoria Mills Final (50%) - 10-09-2018

Samkrg Pistons Final (50%) - 10-09-2018

Pix Transmis Final (25%) - 10-09-2018

Marathon Realty Final (40%) - 10-09-2018

Power Grid Corp Final (28%) - 10-09-2018

Prestige Estate Final (12%) - 10-09-2018

PBM Polytex Final (35%) 11-09-2018 10-09-2018

OnMobile Global Final (15%) - 10-09-2018

Nahar Spinning Final (10%) - 10-09-2018

Nahar Poly Film Final (10%) - 10-09-2018

Nahar Capital Final (30%) - 10-09-2018

IEX Final (220%) - 10-09-2018

Guj Intrux Final (15%) - 10-09-2018

Gati Final (45%) - 10-09-2018

Compucom Soft Final (5%) - 10-09-2018

Bodhtree Cons Final (7.50%) - 10-09-2018

Ahmedabad St Final (5%) 11-09-2018 10-09-2018

Asian Granito Final (13%) - 10-09-2018

Arrow Greentech Final (20%) - 10-09-2018

20 Microns Final (7%) - 10-09-2018

Tamil Newsprint Final (50%) - 11-09-2018

SMS Pharma Final (25%) - 11-09-2018

Savera Ind Final (13%) - 11-09-2018

Radix Ind Final (10%) - 11-09-2018

RITES Final (20%) - 11-09-2018

Poddar Pigments Final (35%) - 11-09-2018

Parag Milk Food Final (7.50%) - 11-09-2018

Phoenix Mills Final (130%) - 11-09-2018

Priya Limited Final (10%) - 11-09-2018

National Plasti Final (10%) - 11-09-2018

Nirlon Final (7.50%) - 11-09-2018

Magna Electro Final (20%) - 11-09-2018

Metal Coatings Final (10%) - 11-09-2018

Lambodhara Text Final (20%) - 11-09-2018

Lakshmi Mills Final (9%) - 11-09-2018

Srikalahasthi Final (60%) - 11-09-2018

Kanco Tea Final (10%) - 11-09-2018

Kanpur Plast Final (18%) - 11-09-2018

KEI Industries Final (50%) - 11-09-2018

Kakatiya Cement Final (30%) - 11-09-2018

JagranPrakashan Final (150%) - 11-09-2018

Umang Dairies Final (5%) - 11-09-2018

India Gelatine Final (20%) - 11-09-2018

India Cements Final (8%) - 11-09-2018

HP Cotton Final (10%) - 11-09-2018

GSFC Final (110%) - 11-09-2018

Emmbi Ind Final (5%) - 11-09-2018

EngineersInd Final (30%) - 11-09-2018

Lancor Holdings Final (10%) - 11-09-2018

Caprihans Final (15%) - 11-09-2018

Container Corp Final (75%) - 11-09-2018

Bannariamman Final (100%) - 11-09-2018

BLS Internation Final (50%) - 11-09-2018

BHEL Final (51%) - 11-09-2018

Aarti Ind Final (20%) - 11-09-2018

Zee Learn Final (10%) - 12-09-2018

Wealth First Po Final (10%) - 12-09-2018

Vardhman Hold Final (50%) - 12-09-2018

Jubilant Life Final (300%) - 12-09-2018

Vadilal Ind Final (12.50%) - 12-09-2018

Viji Finance Final (1%) - 12-09-2018

Vadilal Enter Final (8%) - 12-09-2018

Time Techno Final (80%) - 12-09-2018

TPL Plastech Final (35%) - 12-09-2018

TandI Global Final (5%) - 12-09-2018

GP Petroleums Final (15%) - 12-09-2018

Stewart Mackert Final (10%) - 12-09-2018

Shashijit Infra Final (2%) 14-09-2018 12-09-2018

Sadbhav Engg Final (100%) - 12-09-2018

Salzer Electro Final (16%) - 12-09-2018

Shri Dinesh Mil Final (15%) - 12-09-2018

Simplex Casting Final (5%) - 12-09-2018

Strides Pharma Final (20%) - 12-09-2018

Reliance Nippon Final (10%) - 12-09-2018

Rubfila Intl Final (20%) - 12-09-2018

Reliance Home F Final (10%) - 12-09-2018

RamkrishnaForge Final (10%) - 12-09-2018

Rajoo Engineers Final (25%) - 12-09-2018

Rushil Decor Final (5%) - 12-09-2018

Rel Capital Final (110%) - 12-09-2018

Rapicut Carbide Final (18%) - 12-09-2018

Pondy Oxides Final (30%) - 12-09-2018

Pee Cee Cosma Final (30%) - 12-09-2018

Alicon Castallo Final (85%) - 12-09-2018

One Point One S Final (5%) - 12-09-2018

Orient Press Final (12.50%) - 12-09-2018

Oil India Final (10%) - 12-09-2018

Nitin Spinners Final (12%) - 12-09-2018

NIIT Tech Final (150%) - 12-09-2018

NG Industries Final (35%) - 12-09-2018

Natural Capsule Final (10%) - 12-09-2018

NHPC Final (2.80%) - 12-09-2018

Vardhman Text Final (150%) - 12-09-2018

Munjal Showa Final (225%) - 12-09-2018

MMTC Ltd Final (20%) - 12-09-2018

Man Infra Interim (63%) 14-09-2018 12-09-2018

Heidelberg Cem Final (20%) - 12-09-2018

Mukesh Babu Fin Final (12%) - 12-09-2018

MOIL Final (25%) 14-09-2018 12-09-2018

Lohia Sec Final (2%) - 12-09-2018

Kallam Spinning Final (10%) - 12-09-2018

KIFS Financial Final (9%) - 12-09-2018

Kamdhenu Final (10%) - 12-09-2018

Jain Irrig (D) Final (50%) - 12-09-2018

Jain Irrigation Final (50%) - 12-09-2018

Jash Engineerin Final (10%) - 12-09-2018

Indraprastha Final (15%) - 12-09-2018

Intl Conveyor Final (5%) - 12-09-2018

Indo Amines Final (10%) - 12-09-2018

Hindusthan Urba Final (10%) - 12-09-2018

Luharuka Media Final (1%) - 12-09-2018

Himatsingka Sei Final (50%) - 12-09-2018

Hisar Metal Final (10%) - 12-09-2018

Mindteck Final (10%) - 12-09-2018

Hindalco Final (120%) - 12-09-2018

Ganon Products Final (0.20%) 14-09-2018 12-09-2018

Gini Silk Mills Final (5%) - 12-09-2018

Goldcrest Corp Final (5%) - 12-09-2018

Garware Poly Final (20%) - 12-09-2018

Genus Power Final (41%) - 12-09-2018

Goldiam Inter Final (15%) 14-09-2018 12-09-2018

Goldcrest Fin Final (5%) - 12-09-2018

Foods and Inns Final (30%) - 12-09-2018

Fairdeal Fila Final (12.50%) - 12-09-2018

Finolex Cables Final (200%) - 12-09-2018

DPSC Final (5%) - 12-09-2018

Dynemic Product Final (15%) - 12-09-2018

DLF Final (40%) - 12-09-2018

Creative Cast. Final (100%) - 12-09-2018

ORIENTAL AROMAT Final (20%) - 12-09-2018

Bajaj Steel Final (30%) - 12-09-2018

Reliance Infra Final (95%) - 12-09-2018

Bright Solar Final (1%) - 12-09-2018

Brawn Pharma Final (10%) - 12-09-2018

Bright Brothers Final (20%) - 12-09-2018

Avadh Sugar Final (10%) - 12-09-2018

Andhra Sugar Final (100%) - 12-09-2018

APM Industries Final (50%) - 12-09-2018

Amines Plast Final (15%) - 12-09-2018

Aksh Optifibre Final (6%) - 12-09-2018

Akar Laminators Final (20%) - 12-09-2018

Arex Industries Final (20%) - 12-09-2018

Apollo Hospital Final (100%) - 12-09-2018

Apex Frozen Final (20%) - 12-09-2018

Ahluwalia Final (15%) - 12-09-2018

Aries Agro Final (23%) - 12-09-2018

Nifty Spot In Last Week:-

As we saw the Price Movement in Nifty Spot in last week that In Upside is 11,751.80 and in Downside 11,393.85.

Nifty Spot In Upcoming Week :-

There is strong support is 11,300. Buy in every dips with stop loss 11,300 for target 11,680 to 11,730.There is strong

Resistance is 11,680 to 11,700 sell around this level with sl 11,800 for target will be 11,400 to 11,300.

Bank Nifty in Upcoming week:

There is a very Strong support in downside level of 27,000. Buy in every dips with stop loss 26,700 for target will be 27,700

to 28,100.There is strong Resistance is 27,900 to 28,000 sell on rise with sl 28,100 for target will be 27,000 to 26,800.

.

BankNifty Weekly Chary

COPPER WEEKLY CHART

COPPER:- Buy on dips with sl 410 target

will be 429 to 440.

CRUDE OIL :- Buy on dips in the range

of 4,650 to 4,600 with the stop loss 4,550

target will be 4950, There is a strong

resistance level is 5115 If not close above

this level then down side target will be 4650.

CRUDE OILWEEKLY CHART

SILVER:- Sell on rise around 37,600 to

37,700 level with the Stop loss of 38,700

target will be 36,600 to 36,400

possibilities.

GOLD:- Buy on dips around

30,200 to 30,100 with the

Stop loss 30,050 for target

will be 30,400 to 30,500

possibilities.

NATURALGAS:- Buy on dips

around 30,200 to 30,100 with

the Stop loss 30,050 for target

will be 30,400 to 30,500

possibilities.

.

GOLD WEEKLY CHART

SILVER WEEKLY CHART

NATURALGAS WEEKLY CHART

Nifty WEEKLY CHART

USDINR: : Investors can buy on dips in the range of 71.20 to

71.00 with a stop loss of 70.90. On upside target will be 72.16

to 72.40, Investors can sell in the range of around 72.16 to

72.40 range with sl 72.60 target will be 71.20 to 71.00.

GBPINR: : Investors can buy on dips with the stop loss of

91.40 and in upside the target will be 94.40 to 95.40 .

USDINR CHART

GBPINR CHART

EURINR: : Investors can buy on dips with the stop loss of

91.40 and in upside the target will be 94.40 to 95.40 .

EURINR CHART

JPYINR: Investors can buy on dips with the stop loss of

83.00 and in upside the target will be 86.40.

JPYINR CHART

Factors affecting Currency Rates:

Once again India rupee touched all time low of 72.04 against US dollar. It is only after RBI’s intervention

that rupee which was falling continuously for last seven days, stopped its down turn. The other factors that

helped rupee were steady crude oil and a relief on the trade font as US did not imposed duties on 200

billion Chinese goods.

Rupee lost a massive 189 paisa in last seven days (The worst in history) Rupee was worst performing

currency in Asia this year as it fell 13% against dollar. The dollar was higher against the most currencies in

the world.

Hence, it is difficult to expect a large recovery in rupee.

Charts Showing trends of Dollar Index v/s USD/INR & USD/EUR

Premium / Discount (USD/ INR)

Based on Forward Rates

Duration Premium

One month

Forward

0.28

Three month

Forward

0.55

Six month 1.31

One year 2.75

RBI reference Rates

Currency Rates

USD 71.90

GBP 93.04

Euro 83.67

100 Yen 64.98

Declaration on TBZ Holding

After reading the 312 Newsletter’s 4th

page article update on TBZ, many of you would be wondering why we are still

holding on to TBZ. Let me try and explain this

The management salary has been increased to around 15 cr which is now almost 60% of the post tax profits. Do we see this

as a risk to our investment? Why haven’t we exited from TBZ after this?

This all is done on purpose; it is not that we are not aware of the risks. The nature of equities is that there will always be some risk in each stock. That’s the reason we get paid far more than fixed deposits. Equities are not supposed to give smooth risk free returns.

We have always felt the need to react to such events with a calm mind. In the current age of social media and noise, the

tendency is always to over react than to under react. If you under react the maximum loss is a certain percentage of the position. If however you over react the danger is of losing multiples on a good company.

However if there is a sudden development which makes me change my mind about the company we’ll inform you

immediately. We are slow in making decisions on purpose. We prefer to gather all the information and take my time to make my mind. The risk of this approach is that we may lose some more on a given position. However, as we have pointed

out the opportunity loss of over reacting is a multiple of the loss from under reacting.

There’re some investors and news channels that are in the business of proving real time updates and decision on every stock. I am not one of those.

UPDATE ON PERFORMANCE OF TBZ

Continue to maintain a HOLD on TBZ Control allocations to 10% or less.

Averaging down at current levels is not recommended.

Business has been struggling over the last 3 years and it’s quite evident from the earnings, revenue and gold volume

numbers. There is uncertainty on the earnings front. However this is something that the entire market is away about. The important question to ask would be, Is it build into the price?

We believe that the uncertainty over earnings and the concerns over the promoter quality are built into the price. The stock trades at an enterprise value that is at par with the inventory level.

Enterprise Value = Market Cap @ 480 Cr + Debt @ 600 Cr

Gold & Diamond inventory value = 1076 Cr

Yes, there is uncertainty, but what is the risk of permanent loss of capital from these situations. The probability is extremely low.

Always remember the biggest opportunities in stock markets are created when companies are treated like dead dogs and no

one is willing to touch them.