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Showing posts from March, 2020
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 29.03.2020 *AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 38 :* Related Party Transactions - Watch them Carefully Related Party Transactions : Related party transactions section is one of the essential parts of the annual report that every investor should analyze in detail as this can give a lot of information about real intentions of the management.This section discloses a summary of all the transaction done between the company and their joint ventures or sister companies where the promoters or their relatives or friends have a great influence.This information helps investors to conclude whether promoters are directly or indirectly benefitting from the company at the cost of the minority shareholder. In related party transactions, many times, investors will find cases where the company has given certain amount of loan to a counter party and takes it back within the year. It might be that the company wants to help the third party with money but wants t
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29.03.2020 *AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* SUPREME INDUSTRIES (CMP Rs 884 ) ENTER LEVEL – 850 TO 865 STOPLOSS-600 TARGET 1600 IN 36 MONTHS Founded in 1942, Supreme is an acknowledged leader of India's plastics industry. Handling volumes of over 3,20,000 tonnes of polymers annually effectively makes it the country's largest plastics processors.They have 25 advanced plants are powered by technology from world leaders, and complement their extensive facilities for R & D and new product development. In fact, Supreme is credited with pioneering several products in India. These include Cross- Laminated Films, HMHD Films,Multilayer Films, SWR Piping Systems and more.Supreme Industries Limited is India's leading plastic processing company with seven business divisions. The company has forayed into different types of plastic processing in Injection Moulding,Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding etc. Supr
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29.03.2020 *AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:*  After receiving a severe drubbing (almost 5000 points on Nifty) for the past five weeks, finally the Market heaved a sigh of relief, as the Bulls made a comeback. After forming big black candle formations for past five weeks, this week the indices registered a big white body candle. The current upward move is just a Pull-Back and not a Reversal; therefore the Long Term Downtrend continues. The relevant Pull-Back levels are placed at 9390-9970-10551 for the Nifty. In case, the Nifty closes the March month below 8432, then that will open the door for a downside target of 6110. Technically Speaking :- Sensex opened the week at 27608, made a high of 31126,low of 25638 and closed the week at 29815. Thus it closed the week with a loss of 100 points. At the same time the Nifty opened the week at 7945, made a high of 9038, low of 7511 and closed the week at 8660. Thus the Nifty closed the week with a loss of 85 point
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*AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 37 :* 22.03.2020 Corporate Governance Corporate governance is the system of rules, practices and processes by which a company is directed and controlled.Corporate governance essentially involves balancing the interests of company's stakeholders, such as shareholders, management, customers, suppliers, financiers, government and community.Some of the key characteristics of good corporate governance include - independent leadership,transparency, accountability, consensus building, stakeholder relations, proper framework and policies in place, etc. You can come to know about company's corporate governance policies in detail by reading the report on corporate governance in the annual report of the company.Apart from that, important events like exit of the CFO or company secretary, resignation of independent directors or auditors and regulatory inspection or settlement are some obvious events that have to be scru
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                *AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 22.03.2020 LAURUS LABS LTD (CMP363) (Face Value Rs.10) ENTER LEVEL – 340 TO 350 STOPLOSS-310 TARGET 700 IN 36 MONTHS Laurus Labs is a leading research driven Pharmaceutical Manufacturing Company in India.Company has grown to become one of the leading manufacturers of API for Anti-Retroviral (ARV),Oncology, Cardiovascular, AntiDiabetics, Anti-Asthma and Gastroenterology. They are thriving on growth opportunities in formulation manufacturing to service all leading markets of North America,Europe and Low Middle Income Countries (LMIC). Company is driving growth opportunities in Contract Development and Manufacturing through their Synthesis business. Most of our manufacturing facilities are approved by major regulatory authorities USFDA, WHO-Geneva, UK-MHRA etc. Its approach remains to identify and invest ahead of time with strategic investments in State-ofthe-Art R&D and Manufacturing Infrastructure en
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*AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:* 22.03.2020 Week on week, the story keeps repeating; highest weekly loss of around 4200 for the Sensex and around 1200 points for the Nifty, still Friday (just as last Friday) sees the highest intraday recovery/rally. A temporary bottom has formed on Thursday at Nifty 7832 which has acted as Support to propel a Pull-Back from extremely oversold levels.Pull-Back levels are placed at 9589-10131-10674. India VIX, the Fear gauge of the Market, made a record high of 73 before subsiding a little. India VIX is likely to cool down this week, as SEBI has finally woken up to take some action and restrict Short Selling. Stringent rules for Shorting are likely to reduce the Volatility and give a positive impetus to the bleeding Market. One needs to remember that the above measures will have its effect in the short term, but in the intermediate term; Market is likely to continue with its Bearish stance. Technically Speaking :- Sensex opene
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*AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 36 :* 15.03.2020 INDEPENDENT DIRECTORS BACKGROUND After checking the background of the promoters and management we should try to check the background of the independent directors who are on the board of the company's management.An independent director is a non-executive director of a company who does not have any kind of relationship with the promoters or management of the company. They help the company in improving corporate credibility and governance standards.Even today, quite a few corporate boards in India feature independent directors who are independent only on paper. They often act is lame ducks who are happy to take the line of least resistance with the promoter. Many times we see that independent directors constitute under-qualified people, namesake directors, individuals familiar to the promoters or from a known close group, ex-bureaucrats, etc.Therefore it becomes important to analyze whether profi
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15.03.2020 *AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:*  It was an unprecedented 'Black Swan' event for the Global Markets as the Coronavirus tightened its grip across the globe; and finally the WHO declaring it as a Pandemic.By Friday morning, Markets had crashed by more than 22%; following the Global meltdown. It was panic all around as the Indices hit 10% lower circuit and the Market had to be halted for 45 minutes. Post that the Market saw a sharp recovery, as the Nifty recovered almost 1600points (almost 18%) from its lows. In the process, Market has made a panic bottom at 8550, but the question still remains "will it hold?" Since 2004, both the indices had taken support at the critical 100 WeeksMA and 50MonthsMA almost more than dozen times, except for one occasion i.e. in 2008. The Market crash this week, had broken both the above mentioned critical levels and the Market found itself in a similar scenario as 2008. In 2008, 100MonthsMA came to the rescu
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*AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 35 :* 01.03.2020 Economic Moat - Must for Long Term Investment Last week we had seen list of various Qualitative and Quantitative factors which one needs to analyze to identify good companies for investing point of view. Economic Moat of the Company : Legendry Investor, Warren Buffet popularized the term 'Economic Moat' which refers to the ability of a business to maintain competitive advantages over its competitors in order to protect its longterm profits and market share from its rivals.Thus 'moat' works as a protective barrier which protects company's business from rival companies in the same industry.As a long term investor, to create wealth, one should invest in companies which have strong economic moat. Warren Buffett explained the term 'Moat' in a U.S. News & World Report dated 12th June 1994 - "Look for the durability of the franchise. The most important th
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*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 01.03.2020 PIX TRANSMISSIONS (CMP125.7) (Face Value Rs.10) ENTER LEVEL – 115 TO 118 STOP LOSS -80 TARGET 250 IN 36 MONTHS Incorporated in 1981, PIX Transmissions Ltd is the leading manufacturer of Belts and related mechanical Power Transmission products in India. The Company features state-of-the-art Belt manufacturing units as well as a completely automated Rubber Mixing facility in Nagpur. The company offers various industrial, textile, automotive, agricultural, lawn and garden, construction,hi-power rated, and special application belts for variousapplications. It also provides a range of pulleys, bushes,couplings, and bespoke products under the PIXPowerWare brand name; and accessories, such as laser guided pulley alignment tools, digital tension meters, belt length measurement products, analog tension testers, pulley gauges, ploy-V belt wear gauges, belt cutting machines, and belt profile gauges, as well as service
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*AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:* 01.03.2020 The Market suffered its worst week since the 2008 meltdown. As the Coronavirus spreads its wings across the world, the Financial Markets across the globe have crashed and are entering Bear territory. Even though the Coronavirus has still not entered the Indian territory; it now seems more a question of 'when' and not 'if'.With every Support being broken, the intensity of fall kept on increasing.The Market crashed by an unprecedented 7% for the week, thereby negating Trends across all time-frames. Strong Trendline Support on the weekly timeframe is at Nifty 11013; a breach of which can take the Nifty all the way down to higher bottom at 10637. In the extreme short term, the indices are highly oversold and hence a dead cat bounce cannot be ruled out.But any pull-back should not be construed as a reversal, but rather an opportunity to short. Technically Speaking :- Sensex opened the week at 41037, m