Markets Weekly Sentiment_05082017

Markets ended the week on a flat-positive note. Nifty managed to defend 10k after briefly losing ground in the middle of the week. The sentiment remains bullish. Participants are being overly cautious now. Although no euphoria is being sensed, markets continue to get support from liquidity. Result season continues to unwind with pressure mounting on Pharma stocks. PSU banks also did not come out with that great results. Auto numbers stand out as monthly sales were reported mostly in line. One dominant leader – Maruti continues to do well. The stock is probably running as fast as its cars – if not more.

Technically speaking on weekly charts Nifty looks to be overbought. It can, however, continue to grid upwards given the “unlimited money” that keeps coming in. 10000 is a key short-term defending level where the Nifty is likely to bounce around. 9900 continues to be a very strong weekly support for bulls. Like last week 10130 or a close above 10100 is required for fresh legs. Till then the markets over all are likely to consolidate.

Just like any other week, fundamentals have not changed. Some results are good, some are bad, some are worse. The markets continue to remain at an elevated level. P/E is stretched and well near historical highs. Valuations do not warrant any fresh capital to be committed at this level. Some pockets of the market however do provide some value. Contrarian buying opportunities can be seen in places. Lack of negative triggers coupled with ample liquidity is keeping the market afloat.

Globally the rally continues to support. Last week APPLE ensured that DOW hits 22k! A record for the index. Results continue to surprise wall street. Markets across the world are having similar patterns. Waves of liquidity and complacency in terms of risk taking are keeping them afloat.

Sectors to watch will be pharma and metals. Major sector indices are at record resistance levels. Technically fatigue and exhaustion can be seen. However these levels can be taken out after a brief stint of consolidation.

SME IPO_Ashok Masala Mart Limited

SME IPO : Ashok Masala Mart Limited

Issue Opens:  7th Aug. 2017

Issue Closes: 11th Aug. 2017

Issue Price: Rs 10/-

Lot size: 10000 shares

Issue size: Rs 2.01 crore

Platform : BSE SME

Lead Managers: Navigant Corporate Advisors Limited

Registrar: Karvy Computershare Private Limited


  1. Ashok Chothani
  2. Neeraj Chothani
  3. Sunil Chothani


  1. To Purchase the new corporate office and its interior expenses
  2. To part-finance incremental working capital requirements
  3. To meet the general corporate expenses
  4. To meet the expenses of the Issue

Profile: We have started our progressive journey in 1975, when Mr. Shivji Chothani laid the foundation of our company in the year 1975 as a sole proprietary concern namely “M/s. Ashok Masala Mart” in Mumbai. He began with himself sourcing of raw material and grinding and blending of spices and selling them in retail market. After completion of successful journey of 38 years, we have been established as a limited company to increase the spectrum and volume of operations.

We are presently engaged into manufacturing and supplying of blended spices, whole spices and grinded spices.

We have been supplying the traditional and delectable range of spices. We are committed to manufacture and
supply different types of spices, meeting highest quality standards in line with customer requirements.

We have two brands “APPU MASALA” & “GAYATRI MASALA” with more than 30 types of Spices and Masalas
including instant mix range such as Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala,
Punjabi Chole Masala, Biryani / Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder,
Jeera Powder, White Pepper Powder, Turmeric Powder. We are positioned as professional and built a reliable
reputation within Maharashtra’s spices arena.


16-17 15-16 14-15 13-14
Total Assets 471.24 245.57 346.53 24.74
Total Reveue 838.66 287.82 387.39 3
PAT 12.13 3.48 3.33 1.27


EPS: 0.59

P/E @ share issued: 16.95

RoNW: 3.55%

For More Details Click here

Bidding, Prospectus , application form , Ratio analysis.

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Morning Business News Round Up_August 07,2017

Morning Business News :

  • GST rollout has been smooth: Arun Jaitley
  • Mukesh Ambani’s plan to make RIL most innovative co
  • Air India stake sale: Parl panel to hear govt views
  • Modi’s black money drive gets a big Swiss fillip
  • Eros, Apple explore mega $1-billion content sale
  • Srei Group likely to have sold stake in Viom for loss
  • Lenders meet today to review insolvency cases
  • MobiKwik eyes raising $100 million in funding this year

Image result for MobiKwik

  • Sebi plans to beef up cyber security, hire advisor to tackle tech glitches
  • CCL gets green nod for Rs 1,538-cr Konar mine expansion
  • UK ready to pay up to 40 bn euros to leave European Union: Report
  • UK-based Liberty House sends plan on ABG Shipyard to NCLT
  • India’s LNG shipbuilding plans run aground
  • Bank unions call for all-India strike on Aug 22
  • Regulations in auto sector still evolving in India, says McKinsey
  • Calls for rate reviews for 150 items with GST Council
  • TRAI, app firms to deliberate on speed testing methodologies
  • Nifty may double within 3-4 years: Mark Mobius
  • 12 PSU banks firming plans to raise funds from markets
  • Switzerland finds India’s data security laws adequate for auto-sharing bank info
  • NTPC seeks licence to set up charging stations for electric vehicles
  • ICEX likely to launch diamond futures trading by August-end
  • US municipal bond sales fall, on course for long-term supply drop
  • Consensus on SAIL, ArcelorMittal JV deal likely in 2 months: Niti Aayog
  • Hindustan Zinc to become fully underground mining company by FY19
  • SBI, ONGC, IOC part of new ETF
  • Govt to sell up to 25% stake in 4 defence PSUs via IPO