TOLD YEST

I.T TO OUTPERFORM

CHECK ALL I.T STOCKS

TECHNICAL BREAKOUT

ORIENT BELL

CMP - 171

SUPPORT @ 162 - 155 ZONE

TRY TO ADD NEAR SUPPORT

TEST LEVELS # 200/210 AND AVOVE 212 IT CAN EVEN TEST 250++ WITH LITTLE BIT OF PATIENCE

S/L - 147 OR 3% BELOW support level on cbsl

BSOFT

NEW 52WK HIGH

276

167 TO 276 DONE TILL NOW

KEEP RIDING FOR 300/333++

TRAIL S/L - 229

BEML

BLASTING 💣 MORE 10% TODAY

792 TO 1000

EXPECTING # 1075/1100++

NEW 52WK WEEK HIGH CANDIDATE VERY 🔜🔜🔜

DEEPAK NITRITE
MASTEK
LTTS
LTI
EXPLEO
KOPRAN
LMW
TECH MAHINDRA

POLYCAB

KEEP 👀 👀

SOON WOULD BE OUT OF CONSOLIDATION zone of 1020 to 1060 ZONE IN NEXT 1 TO 3 WEEKS

BEML

1053 🎯🎯

RIL

KAB TAK RUKEGA

ON RADAR

CMP - 1975 - 1980

MAKING GOOD BASE AROUND
1900 LEVELS

RESISTANCE- 2030

ONCE CLOSED ABOVE 2030 CAN TEST # 2100/2210/2300++

TF - 3 TO 4 MONTHS

S/L - As per Risk or 1870

NIIT LTD

NEW 52WK HIGH

205

NOW - 199

CAN ADD FOR NEW TEST LEVELS # 215/230++

Reason Why DEEPAK NITRITE was Under Pressure Today?

1 Stock Coming This week

For Good Returns.

High Momentum Pick.

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Video from JIGAR JAWAHARLAL SHAH

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Why you need investment Advisor To create & Make Big money 💰

Lakshmi Machine Works Ltd - Management Call Highlights

Textile Machinery Division:

Order book is about Rs.1,400 Cr of which 30-35% would be active order book, up from 20-25% few months ago.

Most of the mills are back in operations and export of yarn has also picked up quite well.

Customers have re-started project discussion and expansion plans.

Order book has started to build up in Textile Machinery; however, 4QFY21 will show a clear picture of the capital expansion plans of the customers.

Textile Machinery utilisation is at 60-65%. Demand for spares have improved meaningfully over last 6 months.

Yarn and Garment exports from India is picking up which is a positive sign for the company’s customers.

Many textile companies are earning super normal profits and many are recovering losses that were suffered over a period of time during slowdown due to improved spread and uptick in demand.

Machine Tools Division:

Company is witnessing robust demand in Machine tools segment and has an order book with visibility of 3 months (normally 2 months)

Getting equal traction from Auto & Non-Auto Sector in this division.

Witnessing meaningful traction in exports rather than domestic market. This segment is also seeing benefit from China +1 strategy.

Defence & Aviation sectors have taken a back seat.

Capacity utilisation of this division would be upward of ~80%

Other Highlights

India is been seen as a potential substitution to China for sourcing by other Eastern & Western countries as part of China+1 strategy .

China has around 120mn spindle capacity and India has 50mn spindles capacity. Bangladesh is close to 15m spindles market and Vietnam is 5mn spindles market.

Export enquiry have also picked up as markets like Bangladesh, Vietnam , Pakistan , Turkey , Uzbekistan have also benefited from diversification from China. Bangladesh is the largest market for LMW. However lot of export order have adverse credit terms and LMW is selective in picking orders.

Irrespective of subsidies, if demand improves and continues for more than 6-12 months, the sector will see capacity expansion in near future.

Textile players will take benefit of PLI scheme as most players are running at full capacity and will need expansion, also low tax rate will also improve economics.

Government has provided lot of support to sector like MSME classification, PLI, reduction in custom duty for input of man made fibre, support during COVID through various liquidity measure.

https://youtu.be/rqKlC1dEbTs

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