🎯MARKET WIZARD🎯
📊 NEWSLETTER ISSUE 12


🎯Fundamental Stocks

▶️Nelcast Ltd
▶️D B Corp Ltd
▶️Reliance Industries Ltd
▶️ITC Industrial Ltd
▶️BCG Ltd


🎯Technical Stocks

▶️Arvind Fashion Ltd
▶️ BBTC Ltd - SPECIAL PICK
▶️ INTENSE TECH Ltd
▶️ KIRI INDUSTRIES Ltd
▶️ TOKYO PLAST Ltd

📍TEAM MARKET WIZARD 📍

*Bank of Baroda Ltd.* | *CMP* Rs. 84 | *M Cap* Rs. 43439 Cr | *52 W H/L* 100/36
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Net Interest Income came at Rs. 7107 Cr vs expectation of Rs. 7684 Cr, YoY Rs. 6798 Cr, QoQ Rs. 7477 Cr
Non Interest Income came at Rs. 4848 Cr vs expectation of Rs. 2528 Cr, YoY Rs. 2835 Cr, QoQ Rs. 2896 Cr
PBP came at Rs. 6266 Cr vs expectation of Rs. 5343 Cr, YoY Rs. 5121 Cr, QoQ Rs. 5069 Cr
Provisions came at Rs. 3586 Cr vs expectation of Rs. 3961 Cr, YoY Rs. 6844 Cr, QoQ Rs. 3435 Cr
Adj. PAT came at Rs. -1047 Cr vs expectation of Rs. 1044 Cr, YoY Rs. 507 Cr, QoQ Rs. 1061 Cr
PAT is lower due to one off high tax rate of 140%
Gross NPA came at Rs. 66671 Cr vs QoQ (proforma) Rs. 71784 Cr at 8.87% vs QoQ 9.63%
Net NPA came at Rs. 21800 Cr vs QoQ (non-proforma)Rs. 16668 Cr at 3.09% vs QoQ 2.39%
Share is trading at P/E of 8.6x FY22E EPS & 0.8x trailing P/Adj. BV

*Camlin Fine Sciences Ltd.* | *CMP* Rs. 180 | *M Cap* Rs. 2297 Cr | *52 W H/L* 180/36
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 326.6 Cr (9.6% QoQ, 11.5% YoY) vs expectation of Rs. 288.2 Cr, QoQ Rs. 297.9 Cr, YoY Rs. 292.9 Cr
EBIDTA came at Rs. 50.4 Cr (3.6% QoQ, 47.1% YoY) vs expectation of Rs. 49.7 Cr, QoQ Rs. 48.7 Cr, YoY Rs. 34.3 Cr
EBITDA Margin came at 15.4% vs expectation of 17.2%, QoQ 16.3%, YoY 11.7%
Adj. PAT came at Rs. 15.7 Cr vs expectation of Rs. 16.7 Cr, QoQ Rs. 15.4 Cr, YoY Rs. 2.7 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 22.3x FY22E EPS

*Sundaram Finance Ltd. -S* | *CMP* Rs. 2498 | *M Cap* Rs. 27754 Cr | *52 W H/L* 2884/1165
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 482.7 Cr vs expectation of Rs. 536.9 Cr, YoY Rs. 426.3 Cr, QoQ Rs. 537.8 Cr
Other Income came at Rs. 50 Cr, YoY Rs. 6 Cr, QoQ Rs. 2 Cr
PBP came at Rs. 368.9 Cr vs expectation of Rs. 399.9 Cr, YoY Rs. 281.3 Cr, QoQ Rs. 389.8 Cr
Provision came at Rs. 105.5 Cr, YoY Rs. 115.7 Cr, QoQ Rs. 69.7 Cr
PAT came at Rs. 209.2 Cr vs expectation of Rs. 212.4 Cr, YoY Rs. 130.9 Cr, QoQ Rs. 242.2 Cr
PAT was supported by higher other income.
AUM came at Rs. 30882 Cr vs YoY Rs. 29936 Cr, QoQ Rs. 31226 Cr
Gross NPA (%) came at 1.84% vs QoQ 2.79%
Net NPA (%) came at 1.01% vs QoQ 2.09%
Restructured assets totaled Rs.1,307 Cr, about 4.4% of principal outstanding.
Quarter EPS is Rs. 18.8
Share is trading at P/E of 28.6x FY22E EPS & 4.5x trailing P/BV

*Divis Laboratories Ltd.* | *CMP* Rs. 4117 | *M Cap* Rs. 109293 Cr | *52 W H/L* 4205/2090
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 1788.2 Cr (5.1% QoQ, 28.7% YoY) vs expectation of Rs. 1700.5 Cr, QoQ Rs. 1701.4 Cr, YoY Rs. 1389.7 Cr
EBIDTA came at Rs. 716.3 Cr (3.6% QoQ, 61.2% YoY) vs expectation of Rs. 675 Cr, QoQ Rs. 691.2 Cr, YoY Rs. 444.5 Cr
EBITDA Margin came at 40.1% vs expectation of 39.7%, QoQ 40.6%, YoY 32%
Adj. PAT came at Rs. 502 Cr vs expectation of Rs. 469.9 Cr, QoQ Rs. 470.6 Cr, YoY Rs. 388.2 Cr
Quarter EPS is Rs. 18.9
Share is trading at P/E of 45.4x FY22E EPS

*Sudarshan Chemical Industries Ltd.* | *CMP* Rs. 653 | *M Cap* Rs. 4519 Cr | *52 W H/L* 730/356
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 576.5 Cr (13.9% QoQ, 28.4% YoY) vs expectation of Rs. 536.1 Cr, QoQ Rs. 506.4 Cr, YoY Rs. 449.1 Cr
EBIDTA came at Rs. 87.5 Cr (9.8% QoQ, 45.2% YoY) vs expectation of Rs. 86.7 Cr, QoQ Rs. 79.6 Cr, YoY Rs. 60.2 Cr
EBITDA Margin came at 15.2% vs expectation of 16.2%, QoQ 15.7%, YoY 13.4%
Adj. PAT came at Rs. 53.4 Cr vs expectation of Rs. 41.9 Cr, QoQ Rs. 39.2 Cr, YoY Rs. 27.3 Cr
Quarter EPS is Rs. 7.7
Share is trading at P/E of 28.3x FY22E EPS

*Kaveri Seed Company Ltd.* | *CMP* Rs. 750 | *M Cap* Rs. 4523 Cr | *52 W H/L* 817/360
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 64.3 Cr (-45.8% QoQ, 1.8% YoY) vs expectation of Rs. 66.7 Cr, QoQ Rs. 118.5 Cr, YoY Rs. 63.1 Cr
EBIDTA came at Rs. -15.8 Cr (-254.7% QoQ, 24.8% YoY) vs expectation of Rs. -8.6 Cr, QoQ Rs. 10.2 Cr, YoY Rs. -12.7 Cr
EBITDA Margin came at -24.6% vs expectation of -12.8%, QoQ 8.6%, YoY -20.1%
Adj. PAT came at Rs. -17.8 Cr vs expectation of Rs. -6.4 Cr, QoQ Rs. 9.1 Cr, YoY Rs. 7.6 Cr
Quarter EPS is Rs. -2.9
Share is trading at P/E of 12.7x FY22E EPS

*Unichem Laboratories Ltd.* | *CMP* Rs. 329 | *M Cap* Rs. 2316 Cr | *52 W H/L* 361/121
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 274.1 Cr (-16% QoQ, -14.4% YoY) vs QoQ Rs. 326.3 Cr, YoY Rs. 320.2 Cr
EBIDTA came at Rs. 19 Cr (-36.8% QoQ, 42.6% YoY) vs QoQ Rs. 30.1 Cr, YoY Rs. 13.4 Cr
EBITDA Margin came at 6.9% vs QoQ 9.2%, YoY 4.2%
Adj. PAT came at Rs. -0.4 Cr vs QoQ Rs. 23.6 Cr, YoY Rs. -17.2 Cr
Quarter EPS is Rs. -0.1
Share is trading at P/E of 67.5x TTM EPS

*Advanced Enzyme Technologies Ltd.* | *CMP* Rs. 458 | *M Cap* Rs. 5116 Cr | *52 W H/L* 504/149
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 133.2 Cr (-3.3% QoQ, 20.8% YoY) vs expectation of Rs. 130.2 Cr, QoQ Rs. 137.7 Cr, YoY Rs. 110.3 Cr
EBIDTA came at Rs. 54.9 Cr (-17.3% QoQ, 12.7% YoY) vs expectation of Rs. 62.5 Cr, QoQ Rs. 66.4 Cr, YoY Rs. 48.7 Cr
EBITDA Margin came at 41.2% vs expectation of 48%, QoQ 48.2%, YoY 44.2%
Adj. PAT came at Rs. 31.7 Cr vs expectation of Rs. 40.3 Cr, QoQ Rs. 43.1 Cr, YoY Rs. 31.3 Cr
Quarter EPS is Rs. 2.8
Share is trading at P/E of 27x FY22E EPS

DIVIS LAB Q4 : Net Profit up 29 % to Rs 502 cr (YOY)

Revneue Up 28 % to Rs 1788 cr

Dividend Updates

👉🏻Kovilpatti Lakshmi Roller Flour Mills Ltd board recommends dividend of Rs. 1.50

👉🏻Lakshmi Electrical Control Systems Ltd board recommends dividend of Rs. 3.50

👉🏻NESCO Ltd board recommends final dividend of Rs. 3

👉🏻NCC Limited Board recommends Dividend of Rs. 0.80

👉🏻Dilip Buildcon Limited board recommends dividend of Rs. 1

👉🏻Indian Bank board recommends dividend of Rs. 2 for FY21

👉🏻Action Construction Equipment Ltd Board recommends Dividend of Rs. 0.50

👉🏻Deepak Fertilisers and Petrochemicals Corporation Limited Board approves Dividend of Rs. 7.50

👉🏻Permanent Magnets Ltd board recommends dividend of Rs. 1

👉🏻ITD CEMENTATION Rs. 0.12

👉🏻Rama Phosphates Ltd Board recommends Final Dividend of Rs. 1

👉🏻TV Today Network Ltd Board recommends Final Dividend of Rs. 2.50

👉🏻Mahindra & Mahindra Ltd Board approves dividend of Rs. 8.75

👉🏻Rajapalayam Mills Ltd Board approves dividend of Rs. 0.50

👉🏻Pudumjee Paper Products Ltd Board approves dividend of Rs. 0.30

Itc has announced the board meeting for considering the q4 21 and fy 21 results alongwith dividend on 1st  june 2021.  Grapewine says ITC will announce liberal bonus and tripple de merger on 1st june. De merger of cigg , hotel and fmcg is almost certain only timing was the concern snd now sources says this will be done on 1st june.

BAT has formally submitted a proposal to the Govt of India to buy out the SUUTII stake in ITC.  However wven though cig is not strategic for Govt they have not yet decided to sell this stake either to BAT or LIC but in order to meet the financial challenges  the stake sell will happen in this calender year. Govt already sold Axis. Only ITC and Larsen remained and both will happen in next 3 months as per sources.

Itc set to announce the best quarter nos i. Q. It will beat the estimste by margins. Itc will report  Rs 13770 ( estimate rs 13000 crs ) crs revenue as ag  Rs 12491 crs for qoq and  Rs 11300 yoy. The ibitda will be Rs  6000 crs ( estimates rs 5333 crs )as ag  Rs 5250 crs qoq and  Rs 4919 crs for yoy.
There is considerable amount of pessimishm from ITC and there is no expectation from  the company. However we raise the target of ITC to Rs 300 in june .
HOS

*Dhanlaxmi Bank Ltd.* | *CMP* Rs. 15 | *M Cap* Rs. 382 Cr | *52 W H/L* 18/9
(Nirmal Bang Retail Research)
*Result is declining*
Net Interest Income came at Rs. 71.3 Cr vs YoY Rs. 85.5 Cr, QoQ Rs. 90.7 Cr
Non Interest Income came at Rs. 29.4 Cr vs YoY Rs. 38.1 Cr, QoQ Rs. 48.9 Cr
PBP came at Rs. -4.1 Cr vs YoY Rs. 39.8 Cr, QoQ Rs. 32.2 Cr
Provisions came at Rs. -14.8 Cr vs YoY Rs. 56.9 Cr, QoQ Rs. 20.4 Cr
Adj. PAT came at Rs. 5.3 Cr vs YoY Rs. 2.6 Cr, QoQ Rs. 11.8 Cr
Gross NPA came at Rs. 657.2 Cr vs QoQ (non-proforma) Rs. 395 Cr at 9.23% vs QoQ 5.78%
Net NPA came at Rs. 322.9 Cr vs QoQ (non-proforma) Rs. 72.4 Cr at 4.76% vs QoQ 1.11%
Quarter EPS is Rs. 0.2
Share is trading at P/E of 0x FY22E EPS & 0.7x trailing P/Adj. BV

*MONEY TIMES TALK*
_May 29, 2021_

*SBI* numbers beat the Street estimates as its EPS jumped from Rs. 4.01 to Rs. 7.21 in FY21. This share is a darling of the markets and must be added.

*Rishiroop* surprised analysts posting over 300% rise in Q4 EPS to Rs. 20.85 from Rs. 5.82 in Q4FY20. The FY21 EPS at nearly Rs. 51 makes this share a screaming buy!

*Hindalco’s* Q4 results of with EPS of Rs. 8.67 v/s Rs. 3.01 in Q4FY20 on the back of rising metal prices indicate of better times ahead for the Company. Add.

*An Ahmedabad based analyst recommends to buy Bector foods, Central Bank of India, Flex Foods, IOL Chemicals, Jindal Saw, Pudumjee Paper Products, Religare Enterprises, Reliance Power and Renuka Sugars.*

*B&A Ltd.* is available at an attractive valuation of just 4 times to its FY21E earnings. Apart from Tea it has packing business with its subsidary B&A Packing. The stock may give 50% returns within 1 year. Add.

*Emmessar Biotech*, a micro-cap fine chemicals co., presented good FY21 results with an EPS of Rs. 1.88 v/s Re. 1 last year. Its healthcare & nutritional products augur good future prospects. Around Rs. 25, it merits buying.

Mindboggling results by *Shree Cements* with Q4FY21 EPS of Rs. 302.75 v/s Rs. 270.11 last year and FY21 EPS of Rs. 971 makes it an excellent buy. Buy in small quantities.

*Panacea Biotec* has commenced production of the Russian Sputnik vaccine. The share price is slated to move up. Add.

*Ramco Cement’s* Q4 NP was up 51% to Rs. 218.6 cr. For FY21, it posted 29.7% higher consolidated net profit of Rs 783.60 cr. The company is in an expansion mode and its stock is set to rise. Add.

*Balkrishna Industries* presented good FY21 results as the EPS shot up from Rs. 49.64 to Rs. 60.91 on its Rs.2 FV share. This off- the-road tyre maker is a must for every portfolio.

*Polyplex Corporation’s* FY21 EPS of Rs. 162 and a final dividend of Rs17 takes the total to Rs. 164. With a share book value of over Rs.1500, the share is a bonus candidate yet available below BV. Two big expansions are on schedule. A screaming buy!

In line with the industry trend, *Indoco Remedies* posted FY21 EPS of Rs.10.10 v/s Rs. Rs. 2.62 last year. A good buy at current rates.

*Emami* posted a 285% surge in Q4 profit of Rs. 87 cr. The current trend shows an upward tick. Add.

Small sized *Anjani Portland Cement* posted superlative Q4 EPS of Rs. 9.56 v/s Rs. 3.18 last year. FY21 EPS at Rs.33.61 is more than double than last year’s Rs.15.96. Add.

Mid-size jeweler, *Goldiam International*, posted a higher top line and bottom line leading to FY21 EPS of Rs. 30.26 v/s Rs. 19.73 last year. The share may be added.

*Sun Pharmaceuticals’* Q4 NP surged from Rs. 124 cr to Rs. 894 cr on a 4.13% rise in revenue to Rs. 8522.98 cr. even as the company reduced debts by $ 580 mn. It spends nearly 7% of revenue on R&D and remains an investors’ favourite. Add.

*Alkyl Amines’* Q4 NP jumped 88% to Rs. 92.59 cr. from Rs. 49.2 cr. with a final dividend of Rs.6. It supplies amines and related chemicals to the pharma, agrochemical, rubber chemical & water treatment industries. Add.

In line with the industry trend, *Cadila* reported excellent Q4 results with PAT surging 73% to Rs. 679 cr. For FY21, the NP galloped 81% to Rs. 2133.6 cr. The company is on the verge of launching an anti-covid drug. A big buy.

*Dixon Technology’s* Q4 NP soared over 60% to Rs. 44.26 cr. This design focused product company has huge capex plans of about Rs. 500 cr. and will gain from the PLI scheme. Add.

*Rama Phosphates’* bumper Q4 PAT jumped to Rs 12.76cr from Rs. 2.50 cr. For FY21, NP soared from Rs. 17.67 cr to Rs. 42.11 cr. as the EPS jumped from Rs. 9.99 to Rs. 23.80. This year, will also benefit from newly added capacities. Buy immediately.

*HIL*, the maker of Charminar brand asbestos products posted FY21 EPS of Rs. 346.89 from Rs. 141.73 last year and will pay Rs. 40 as dividend. An excellent share to add.

*Jayant Organics’* Q4 EPS was fairly good at Rs. 6.48 v/s Rs. 2.52 and FY21 EPS of Rs. 11.20 v/s loss of Rs. 8.55 per share points to much better times ahead. Add.

*Canara Bank* plans to raise Rs. 9000 cr. by way of equity and/or debt in order to augment its business and improve profitability. Add.

*Reliance Infra* from the ADAG group has posted standalone Q4 EPS of Rs. 4.87 and plans to turn debt free this year apart from a favorable judgment in the Delhi Metro case. Buy.

*Infibeam Avenues* posted a strong set of Q4 numbers. A good short-term pick. Buy.

*NFL* has gained over 20% in a month and is expected to rise further. Buy.

*Subex* has proven capital allocation skills fetching higher returns on lesser capital. Many analysts feel that it can be the next Tanla Platforms. Buy for multi-bagger returns.

*Lyka Lab* is one of the five companies roped in by the Central Government to manufacture the anti- fungal drug, Amphotericin-B, as the cases of Black fungus escalates in the country. Add.

Add *R-Power* has inducted a new management. Buy for 50% returns.

Majesco, a global leader of cloud insurance software solutions and Infosys, a global leader in next generation digital services and consulting jointly announced a strategic collaboration. Buy *Majesco* shares for 50% gain in the medium term.

*Dhunseri Ventures* having subsidiaries and joint ventures has chalked out a Rs.400 cr., 45,000 TPA polyester packaging plant has posted 9MFY21 consolidated EPS of Rs 32.6 is grossly underpriced. Its sound financials will take the share price to dizzy heights. Buy.

*IIFL Securities*, a key player in retail and institutional segments with 2500 offices across 500 cities continues to expand having acquired 11 lakh demat accounts from Karvy. It has notched 108% higher Q4FY21 EPS of Rs 2.4 and FY21 EPS of Rs 7, which may rise to Rs 12 in FY22. Buy for 50% gain.

The shift to organised security helped *Securities & Intelligence* post Q4FY21 EPS of Rs 6.9 and FY21 EPS of Rs 25, which may rise to Rs 35 in FY22 on the back of labour reforms, client preference to technology and the opening up of economies post-Covid. Buy for 30% gain.

*Anup Engineering* from the Sanjay Lalbhai Group caters to a wide range of process industries including Oil & Gas, Petrochemicals, LNG, Fertilizers, Chemicals/ Pharmaceuticals, Power, Water, Paper & Pulp and Aerospace has notched Q4FY21 EPS of Rs 27 and FY21 EPS of Rs 52.5, which could rise to an EPS of Rs 75 in FY22. Buy for 50% gain.

*Prima Plastics*, a competitor of Nilkamal Ltd., has notched 48% higher EPS of Rs 13.6 in FY21. Buy for 20% gain.

*Mangalam Cement* from the BK Birla group has notched 134% higher Q4 EPS of Rs 13.6 and 44% higher FY21 EPS of Rs 40.8, which may rise to Rs 50 in FY22 going by the strong demand for cement. A reasonable P/E of 10x can take its share price to Rs 400 in the medium term. Buy.

*Kaveri Seeds*, a leader in key crops with 8-10% of the Rs 15, 000 cr. organized hybrid seed market may notch FY21 EPS of Rs 60. Heavy investment buying is reported in the counter. A reasonable P/E of 14x can take its share price to Rs 840. Accumulate.

*Chennai Petroleum* has notched Q4FY21 EPS of Rs 16.3 in FY21 and Rs 17.3 in FY21 due to higher refinery margins. The share is likely to touch Rs 160 in the short term.

MNC *Ineos Styrolutions India* is undergoing an expanion and notched Q4FY21 EPS of Rs 92 and FY21 EPS of Rs 159. The robust demand from all sectors and strong margins could lead to FY22 EPS of Rs 200 and the share may double from the current level. Accumulate.

*Venus Remedies* manufactures a wide range of drugs for different therapeutic segments and analgesics and vitamins has notched 9MFY21 EPS of Rs 21.6 leading to FY21 EPS of Rs 30 and Rs 40 in FY22 and turn debt-free going forward. Buy for 30% gain.

*Ganesh Benzoplast*, manufacturer and exporter of food preservatives, lubricant Additives, API drugs, Sodium Benzoate, Benzoic Acid and Benzaldehyde etc. has notched 40% higher EPS of Rs 6.6 in 9MFY21, which could lead to FY21 EPS of Rs 9. Buy for 30% gain.

*Jindal SAW* declared highest ever quarterly sales and 461% higher net profit. It reduced debt in FY21 and interest cost fell to the lowest since FY14. This dark horse can give multi-bagger returns.

Some positive announcement is likely from *Central Bank of India*. At Rs 19, it is a very good buy for decent returns in the short to medium term. Its results are due on 7th June.

Ethyl Acetate prices have zoomed in the last few months. Apart from Laxmi Organics and Jubilant Ingrevia, *IOL Chemicals & Pharmaceuticals* is one of its largest producer. Big HNI, Ashish Kacholia, has raised his stake to 7,50,000 shares in it and its results are due on 4th June. Add.

*Maheshwari Logistics* into Kraft papers, Logistics & Coal trade plans to set up a Plastic boiler at Valsad by March 22, which will be a game changer as it generates energy from plastic waste. A potential multi-bagger.

*Pennar Industries* manufactures Cold Rolled Steel Strips and Cold Formed Metal Profiles across six manufacturing plants and earns 12%+ EBITDA margin on a sustained basis. The stock can rise by 50%. Buy.

*Shemaroo* recommended last week soared from Rs.97 to Rs.180, HT Media from Rs.22 to Rs.30, RPSG Ventures from Rs.395 to Rs.469, HSIL from Rs.212 to Rs.248, 3i Infotech from Rs.8.8 to 9.7. Shemaroo has now corrected to Rs.150 and again looks good for investment for further upmove as the valuation gap with its peers plays out.

Vijay Mahnot, President of GreenPanel Industries (mktcap 3000cr+) has joined as CEO of Signet Industries (mktcap 100cr+), a small micro-cap co manufacturing PVC Pipes. Sources aver *Signet Industries* can give multifold returns from hereon.

Paytm plans an IPO worth Rs.25000cr. This may give a good fillip to *Digispice Technologies (SPICE MONEY wallet)* as it trades at a mktcap of just Rs.1000cr although the two stocks are not in the same league.

*Building material producers like Astral, Prince, Acrysil, are trading at valuations of 40x but HSIL (Hindustan Sanitary) trades below 15x. Noted investors like Ashish Dhawan, Sunil Singhania, Mukul Agarwal, Jitendra Parekh & few others have already taken big bets on this stock, which can double from hereon.*

*JK Tyre* has been gaining market share for two years but still trades at a PE multiple of less than 10x while Apollo Tyres trades at a multiple of 25x. Accumulate the JK stock at every decline for good gains in the medium to long term.

*Lemon Tree Hotels* gave a breakout at Rs.40. As the unlock phase starts, hotels will get bookings and occupancies will be sold out soon. Buy for a target of Rs.50

*Asian Tiles* has given a technical breakout at Rs. 200 with huge volumes and has even crossed the 100 DMA with ease. Buy with a target of Rs. 360.

MARKET WIZARD NEWSLETTER ISSUE 12.pdf