Update on Arrow Green tech Ltd (BSE NSE)

*DSP Black Rock acquires 4% stake*

Stock can touch 610 in Short Term/1-2 weeks

*Big Trigger: Jaypee Infratech Ltd*

Yes Bank has approved disbursement of Rs 1100 crore to JIL against securitization of Toll collection of its 165 km long Yamuna expressway ( discounting future Cash earnings ).
JIL will use this money for resuming construction of its incomplete Residential projects. Once construction of real estate projects starts, JIL can expect big inflow of funds by way of construction linked payment from home buyers

Investors can expect many more positives from DoW for JIL

Sure Shot MULTIBAGGER

TP in 3 DIGITS in 2-3 years

Update on Jaypee Infra

Mr Manoj Gaur is holding Press Conference today and there can be positive announcement for Jaypee Infra.

In short term, stock price can DOUBLE

Investors may buy IMMEDIATELY

*DOW Technical*
*Arrow Green* - Breakout Abv 560. Immediate Short Term Tgt 600--610. Short Term Tgt 650--675. SL 525 on Closing Basis

MULTIBAGGER RISE AHEAD

*JAYPEE INFRATECH LTD* :TP in 3 digits

JIL can be bought for sure shot BIG appreciation. It's current mktcap is tiny compared to its Assets.

DoW is fairly confident that stock can be in *3 DIGITS* in 3 years. Investors may be reminded that co had IPO @ 104.

JIL has *land bank mkt value of which is more than 60000 Cr*

Breaking News about latest developments/inside info ( similar to JP Associate) will be revealed tomorrow along with detailed analysis of its intrinsic value

_Big qty can be bought as not many ideas in today's market which can be 5x-10x_

STOCK IS Rs 10 FV

Breaking News:

Tourism Finance Corpn

IFCI had invited bids from 10 Merchant Bankers for eAuction of its stake in TFCI.
IFCI has received aggressive presentation from these merchant Bankers. IFCI likely to give mandate to any 1 of these in next 7-10 days. Thereafter eAuction should kick off immediately.

*eAuction may end us at 140-150 as Reserve price itself can be set at 115-120*

Buying recommended ( add more) for sure shot gains of 50% in less than 2 months

*REAL INSIDE EXPOSE OF NPAs*.         
       
NPAs have been hogging limelight since 2 weeks after 12 defaulters are being dragged to IBC/NCLT. And false hopes are being raised that this action will enable recovery of major portion of NPAs. However, public is not aware of real rotten state of affairs which we are exposing hereunder. PLEASE READ IN FULL    
*In most of large NPAs,  Banks  have NEGLIGIBLE  collateral. *In most of cases, these defaulting borrowers were sanctioned limits in the form of Corporate loans, Standby L/Cs or Discounting of bills of sister concerns, Book debts of associate concerns, Overseas assets like oil blocks at Mozambique where no lien can be created.  *Many of these accounts have been repeatedly restructured by all lenders in violation of banking norms*.  *All these borrowers have been defrauding banks in connivance of Top Management and all this was happening and in the knowledge of RBI for more than a decade*. The entire Public Sector banking system has almost collapsed
*There had been not only Double financing but multiple financing.  Bank limits were sanctioned against non-existent/false Stock/book debts and parties were allowed to discount bills of those parties to whom book debts limits were granted Not only these parties were availing Buyer's credit or Supplier's credit against same security.The Valuers and Legal Advocates have deliberately overstated the value of collaterals and issued non- encumbrance certificates without proper verification. *Incase of consortium/ multiple banking, there was no credit monitoring and every member of consortium was blindly following lead bank* *The lead bank was simply doing clerical job of forwarding the D.P without verification* *Loans were disbursed without promoter contribution.and without complying terms and conditions*.  *In my view all these borrowers have siphoned off and remitted LARGE funds outside through banking channel by Overstating imports and understating Exports.* *Under the aforesaid situation,  banks may not recover any significant amount at all*

_Amtek Auto group_ resorted to bogus billing to inflate financials and siphon off funds. Lenders may recover just peanuts. It is a gone case. Same with Era.

_Alok Industries_ continued to make fool of lenders through repeated borrowings without any results. Bankers were sleeping for years, never bothered to find that MASSIVE diversion of funds through over invoicing of entire projects

IBC IS TOO LITTLE TOO LATE. IT IS LIKE BOLTING THE SHED AFTER HORSE HAS FLED/GIVING CROCIN TO A PATIENT IN ICU/COMA

Essar Steel: Here blame lies ONLY with lenders. This is a rogue group, serial/habitual financial offender. Essar Steel had already once driven knife in lenders' stomach through OTS taking big haircut. How lenders again gifted 40000 Cr to well-known thief of India Inc? Their privately held companies in BPO Real Estate and many more made fat profits and sold for astronomic sums/ profits. Only Forensic audit by globally acclaimed agencies will reveal how funds regularly diverted

Gujarat Borosil Ltd: Hugely Overpriced

Sales               188cr

NP                        8cr

Equity.                34cr
Rs 5 FV

EPS Rs               1.18

GBL is being pumped up by vested interests although co continues to report lackluster financials.

For FY 17, GBL has reported EPS of 1.17 ( excluding one off income of 6cr)

Equity:Turnover ratio not favourable as sales just 188 Cr on 34 Cr equity

Mktcap at 654 Cr is unduly high

We advise our fellow investors to stay away and don't buy

Hold: JP Associates

JP Associate, subsequent to our recommendation, has already doubled and has emerged as highest gainer of derivative segment. However investors are advised not to book profit, continue to hold in Cash and roll over in FnO. Company is huge turnaround trail.

Investors can expect many positive news in coming weeks

Stock can be 26-28 July expiry

Can be 60+ in 2018

8.5% Up: JP Associate

JP Associate may turn out to be highest (%) gain  of month in derivative segment

However we repeat that this is just the trailer.

BOOK VALUE 60

*Stock still trading at 5% of lifetime High*

JP Associate WILL rise ( like Phoenix) from ashes, will prove doomsayers wrong

*JP Associate can be profitable as early as Q2*

Stock may surpass our initial TP 21 July expiry

Big daily delivery volumes ( in crores) indicates that BIG ultra HNI buying going on.

CAN BE Rs 23-25 in July

Another Update: Magnum Ventures Ltd

Co's paper manufacturing site is 10 acres. However, present plant of 85000 tonnes occupies only 4-4.50 acre area. Hence *nearly 5 acres land is surplus commanding mkt value of 100+ crores*

And with implementation of GST, profit margins of MVL will definitely improve

Huge daily trading volumes with almost 100% delivery ratio indicates that stock is being bought by genuine investors

Price History: JP Associates:

ANYTHING CAN HAPPEN

Trading at Rs 9.85 in 2004, JP Associates leapfrogged to *lifetime high of Rs 335 in 2008* but to crash to 32. Again  bounced to 180 in 2009. Again fell to Rs 28 in 2013. Shot up again to 91 in 2014 and *crashed to just Rs 5* in 2016 and tripled to Rs 17 in Feb 2017 but came down to 9.25 last month. Now stock  moving up again now to Rs 15.50

*Now there is no looking back for JP Associates. When most of debt ridden companies in bad state , under IBC going to NCLT, JP Associates is ONLY co having sold cement Assets of nearly 17000 cr( no other promoter has done something like this which shows integrity of JP promoter)*

Beginning of Achhe Din in real sense for JP stakeholders. Inherent prejudice of investors keeping price so low as no one has looked at Huge Assets, non-current investments of JP Associates

We reiterate TP 60+ in 2018

Big Breaking News:

JYOTI STRUCTURE LTD

JSL is 2nd biggest Transmission tower mfr in India. Co had debt of 5000 crores and has come under IBC for referring to NCLT
Last year, KEC had shown interest to acquire JSL. However promoter didnt agree to sell out to its competitor.
Now IBC is proving big shot in the arm for acquiring JSL.

As per our most reliable source, KEC will offer to acquire JSL @ 18 per share to lenders. It will be win win situation for all

KEC will not only emerge sort of oligopoly player in transmission tower industry but merger will provide HUGE HUGE tax savings due to JSL carry forward losses
Current mktcap of JSL is 115 crores. JSL usedto be highly profitable co 5-6 years back with NP of 60-70 cr and can achieve 5000 cr topline on optimum level

*JSL can double in 2-3 months*

Magnum Ventures Ltd

Subsequent to our recommendation MVL is nonstop UC. However mkt cap of MVL at 36 cr is still tiny considering MVL has *85000 ton Paper mill and 212 room 5 Star hotel*

Inside and knowledgeable buying going on. HIGH DELIVERY VOLUMES

Investors can buy even now as Rs 10 FV stock available at par

With ongoing boom in paper industry and post GST, Paper division can post good profits.

Very low risk High Reward opportunity. Can be a Multibagger

Update on Panchmahal Steel Ltd:

Yesterday PSL locked at UC with big big buyers at closing
DoW members are advised to buy even today. Presently PSL operating at only 30% capacity (strong performance in Q4).  PSL targetting 80% utilisation by FY20 when topline can cross 1000 crores with disproportionate rise in margins

Current mktcap is tiny and GST will give big boost to PSL fortunes. As per our sources, co circles have been buying big time. *ICICI Bank had taken stake @105 per share*

REAL MULTIBAGGER IN MAKING

Exclusive for DoW members:

*Big Multibagger in making*

PANCHMAHAL STEEL LTD

Bse listed PSL is engaged in production of SPECIAL steel ( wire, rods, wire rods) which are used in Auto, Engineering Industries, power plants etc

PSL will report big rise in Sales and profit margins for FY18.
Improvement in performance will continue for FY19 and FY20 as well

TP Rs 100-120 in 15 months

TP Rs 300 in 2020

Full report will be released tomorrow

DoW members are advised to buy NOW

Ratnamani Metal ( 825 ) - Breakout 811.
Immediate Target 880--900
Short Term Tgt 1040.
Stoploss 790 On Closing
basis

*DoW Dynamite*

CMP Rs 14: BV Rs 60

Jaiprakash Associate Ltd

Jaiprakash Associate Ltd *networth is Rs 15000 cr on 498cr equity. Moreover mkt value of its Assets is MUCH HIGHER than BV also*

JP Associates is different from other debtridden companies as JP promoter didnt siphon off funds . Only mistake promoter wanted to grow too fast and made huge capex in _long gestation capital intensive_projects

JP Associates will be biggest beneficiary of ingoing debt restructuring *WHICH WILL ENABLE CO TO POST PROFIT FOR FY18*

Current mktcap of 3500 cr is tiny considering its BIG assets in cement fertilizer,mining, Power Real estate, Power transmission, Infrastructure, Hotels, Hospitals etc.
*Valuation of fertilizer division alone can be more than its mktcap*

Largest industrial conglomerate of U.P. will be Turnaround Story on India Inc.

TP Rs 60 in 2018

Dhanlaxmi bank vs CSB

Recently there is news that Catholic Syrian Bank ( not listed) may be acquired by Fairfax @ 160 per share.

FY17 Financials in terms of NPA and NP of CSB are lower/weaker compared to Dhanlaxmi bank.

Using this yardstick of Valuations, DBL going dirt cheap and _can definitely be in 3 digits in 2018_
DBL Nnpa already down to 2.58%. We estimate that *Nnpa for FY18 may be as low as 1-1.25%*

DBL AMONGST OUR TOP PICKS. Q1 NOs WILL RERATE DBL

Top Derivative Pick: JP Associates

*Huge Triggers: Complete turnaround*

1) Co has total 32.85 million ton cement capacity ( out of which 5.2 million ton under construction). JP had last year sold 21.2 million ton to Ultratech for 16189 cr. _After this sale, JP will have 11 million ton cement capacity_

JP has *received NCLT approval*( final compliance) for Ultratech deal. *PAYMENT FROM ULTRATECH EXPECTED A IN NEXT 2WEEKS or so*  total debt of 37294 cr( short term, long term) will come down to 21105 cr, leading to substantial reduction in interest cost from Sept quarter onwards.

2) _*Value of its Current/Non-current investments ( excluding core business assets) are more than Entire debt*_

3)Further JP owns following Five Star luxury hotels (of which _2 are in prime location of Delhi_):

Jaypee Siddharth Continental Delhi 94 rooms

Jaypee Vasant Continental, Vasant Vihar Delhi 119 rooms

Jaypee Residency Manor Mussourie 135 rooms

Jaypee Palace & Convention Centre Agra 341 rooms

Jaypee Greens Golf & Spa Resorts *( 70 acres)* Noida 170 Suites

JP Associate likely to *SELL Hotel division which may fetch JP 2500-3000 cr* for further debt reduction

*JP Associates has mind boggling assets across various verticals*

JP Associate may _stop incurring loss from September 17 quarter_ onwards as Interest cost will plunge with lower depreciation

JP Associates undergoing MORE restructuring.

TP Rs 21 July Expiry
_Stock may come in ban from tomorrow. BUY NOW_

TP Rs 60 in 18 months

*OPTION TRADE*

Buy JP ASSOCIATE 15CE 0.55- 0.65     
              
SL 0.25.                      

TGT RS 1.15/ 1.65/ 2.15
TILL EXPIRY

Five Star Hotel+85000ton Paper: Mktcap 30cr

MAGNUM VENTURES LTD

Delhi based MVL is in business of hospitality and paper mfg.

1) Hotel Division: Co owns and operates 5 star hotel *Country Inn*with 212 rooms which also has 4 restaurants and coffee shop. Located in Sahibabad , outskirts of Delhi

2) Paper Division: Spread over 10 acres, it has 85000 tonnes capacity

MVL doesn't have good track record. However co appears on cusp of turnaround. Stock price can go up multiple times, hence buy recommendation.

                              FY17

Sales.                   212

Depreciation.      23.87

Loss.                   -26.34

Exceptional.      129.50
Gain

Profit                  103

MVL made loss of 26.34 from its business operations. _Since co provided 23.87 cr for depreciation, Cash loss was 2.50cr_

Company sold surplus land which resulted in one time gain of 129.50 crores. Sum is being used for part payment of debt. Reduction of debt will lead to better Operating margins in current year

Although we are not able to estimate financial for FY18( whether profit or loss), still MVL appears risk free buy considering:

HOTEL ITSELF COULD BE WORTH MORE THAN 300 CRORES

PROSPECTS OF PAPER DIVISION MAKING PROFIT ARE QUITE BRIGHT

MKTCAP OF 32 CR IS
PEANUTS

Downside from current level can be very minimal.
Stock can be 30 in 1 year. If MVL can continue improving its financials,  stock can be much higher in 2-3 years

Buying strongly recommended

Big update on Dhanlaxmi bank Ltd

Kapilkumar Wadhawan( promoter of DHFL) has taken 5% stake in DBL. Is this stake pointer to future where he may try to acquire DBL?

Q1 nos will be so fabulous that stock can be 60 in August 17 itself

Dhanlaxmi bank top pick in banking sector TP 100 in 2018

Govt: Imposes Anti Dumping Duty Of $1.04/Kg On Chinese Ceramic Imports duty Will Be Applicable On Tableware, Kitchenware Excluding Knives And Toilet (Positive news for Ceramic companies like *HSIL* Kajaria, Somany, )

*HSIL* ( 382 ) -  *2 Years Consolidation Breakout Abv 375 -- 378*
Immediate Target *410--425*
Abv That *450--465*

*Intraday Players SL 374*

*Closing Stoploss Trading As Well As Positional 350*

Munjal Auto (121) - Breakout Abv 120. Immediate Tgt 128 - 134. Closing abv 134 Target 154--175.
Trading Stoploss 110 On Closing Basis.
Positional SL 95.

Dhanlaxmi bank Ltd

In list of Highest conviction stocks. Huge improvement in asset Quality
When Q1 results are out ( will be so FABULOUS) that stock can, barring unforeseen circumstances, can cross 60
_DBL is DCB in making_

TFCI
10 merchant bankers called for presentation for eAuction. Naturally to get mandate, aggressive presentation
As per my source, IFCI looking for 160 MINIMUM as exit price

ELECTROSTEEL STEELS LTD Rs 4.50/

Promoted by Electrosteel Castings Ltd, ESL is engaged in production of
steel products. However, due to time and cost over-run, ESL has been
incurring heavy losses. On equity of 2409 crores, ESL has incurred
loss of 1463 crores for FY17. Finance charges during the year were
1179 crores.

To turn profitable, ESL needs infusion of funds.

As per our extremely reliable sources,  2 big industrialists (one is
Mumbai based in pharma/financial services and other is a Cement Major)
shall be infusing funds in ESL by way of equity stake. While Mumbai
based industrialists shall remain as strategic investors, Cement major
shall assume management control of ESL. Proposal is under
consideration of lenders of ESL

Once official announcement comes in this regard,  stock price of ESL
can be Rs 13-18 in few weeks thereafter

Downward risk is negligible.

Buying recommended for Multibagger gains

Big update on Dhanlaxmi bank Ltd

Kapilkumar Wadhawan( promoter of DHFL) has taken 5% stake in DBL. Is this stake pointer to future where he may try to acquire DBL?

Best Pick in Banking Space:

DHANLAXMI BANK LTD

DBL is 90 year old bank

Board of Directors consist of experienced professionals including CAs, Company Secretary, exRBI, ex-Canara Bank etc

*DBL has 273 branches*

DBL fell into trouble due to wrong selection of top managerial personnel who did extensive damage
Thereafter overhaul of Top management has led to strong Turnaround of it's operations

1) DBL has made *NP of 12.38cr in FY17 vs Loss of 209cr in FY16*

2) Gnpa have reduced significantly significantly​ at *4.78%*

3) Nnpa have come down to *2.58%*

4) CAR is 11% which in May is above 12%

5) _Provision Coverage Ratio is 80% which perhaps is HIGHEST in India_

DBL will report further significant reduction in NPAs for FY18 and ASSET QUALITY WILL SHOW BIG UPGRADES

_Some prominent personalities are holding 5% stake each( maximum allowed by RBI)_

*DBL can report NP of 80 cr for FY18 and Nnpa of 1.50% or even lower*

DBL is the most UNDERVALUED stock in Financial Services sector

NO LOOKING BACK FOR DBL

TP 100 in 9-12 months

TP. 200 in 3-5 years

_Downside negligible_

_Huge upside possible_

Slide can continue: PFC
TP 100-110

Loan accounts of power producers in banking sector have mostly been classified as NPAs. PFC in the past had been repeatedly restructuring loans of defaulting borrowers and treated same as Standard Assets. However with implementing RBI guidelines, cockroaches are tumbling out.

Networth.  36844cr

Gnpa           30718cr

It means *Gnpa are 83% of co's Networth* which is bad scenario by any yardstick

FRESH SLIPPAGES 23000CR

RESTRUCTURED ASSETS 59304CR

Above data enough to conclude that NPA levels of PFC unlikely to come down. In coming quarters, *provisioning may increase and haircut* to settle or restructure loan accounts will follow

_Large portion of funding is for Thermal Power which has long gestation period, facing huge time and cost oveerun and becoming uncompetitive vs alternate source of energy_

We are afraid that fate of PFC may be similar to PSU banks