15% @ 90 Days Stock

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
27th NOVEMBER 2016
GUJARAT ALKALIES & CHEMICALS LTD BUY POTENTIAL UPSIDE: 16.5%
CURRENT MARKET PRICE: 351.85 TARGET PRICE: 410.00
BSE Code 530001 Market Cap (Crores) 2595.26
NSE Code GUJALKALI P/E 8.55
Book Value 315.72 EPS 41.34
Face Value 10 Dividend Yield % 1.27
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – NOVEMBER 2016
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Comparative Chart (Last 1 Year)
Returns: Gujarat Alkalies & Nifty:
Nifty: 2.9% Gujarat Alkalies & Chemical: 113.4%
Stock Resistance and Support:
1st Resistance – 375 1st Support – 328
2nd Resistance – 400 2nd Support – 308

3. 15% @ 90 DAYS – NOVEMBER 2016
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Financials at a Glance:
Quarterly Results of Gujarat Alkalies & Chemicals (Rs. In Crores)
Particulars Sep 2016 Jun 2016 Mar 2016 Dec 2015
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 577.5 515.4 544 463.2
Other Operating Income 9.81 7.97 1.78 3.76
Total Income From Operations 587.3 523.4 545.8 467
Consumption of Raw Materials 173 152.8 159 179.3
Purchase of Traded Goods 3.67 -- 2.89 6.27
Increase/Decrease in Stocks 2.37 10.46 5.38 -3.22
Power & Fuel 114.1 108.3 144.2 137.2
Employees Cost 43.61 41.63 41.87 39.02
Depreciation 27.7 27.26 28.18 26.89
Excise Duty 58.86 -- -- --
R & D Expenses -- -- -- --
Provisions And Contingencies -- -- -- --
Exp. Capitalised -- -- -- --
Other Expenses 69.57 76.03 59.16 59.92
Other Income 22.38 7.49 11.72 9.15
P/L Before Int., Excpt. Items & Tax 116.8 114.4 116.8 30.72
Interest 2.43 2.43 2.19 2.01
P/L Before Excpt. Items & Tax 114.3 112 114.6 28.71
Exceptional Items -- -- -- --
P/L Before Tax 114.3 112 114.6 28.71
Tax 26.92 25.72 -0.12 13.5
P/L After Tax from Ord. Activities 87.42 86.26 114.7 15.21
Extra Ordinary Items -- -- -- --
Net Profit/(Loss) 87.42 86.26 114.7 15.21
Equity Share Capital 73.44 73.44 73.44 73.44
EPS 11.9 11.75 15.62 2.07
No Of Shares with Public (Crores) -- -- -- --
Public Share Holding (%) -- -- -- --

4. 15% @ 90 DAYS – NOVEMBER 2016
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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