Tit - Bits

Domestic bourses ended with slight losses on Friday, pulled down by banks and financials stocks. The S&P BSE Sensex lost 143.36 points or 0.39% to close at 36,594.33. The Nifty 50 index fell 45.40 points or 0.42% to finish the day at 10,768.05. The Nifty would continue to get support around 10600/10700 ranges. 

In the broader market, the BSE Mid-Cap index slipped 0.72% while the BSE Small-Cap index shed 0.35%.

The market breadth was weak. On the BSE, 1000 shares rose while 1663 shares fell. A total of 170 shares were unchanged.

#The shares of Spandana Spoorty Financial Ltd (Rs. 668.45), should meet the immediate resistances at Rs.690/700, ranges, where you need to book some profits and hold the rest with a SL at Rs. 670.

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#The shares of J Kumar Infra Projects Ltd (Rs.98.10), would get support at Rs.97 and is likely to move up, following easing of Sino - Indian border skirmishes.  The next target is Rs.107.
Anand Rathi has given buy rating to J Kumar Infraprojects with a target price of Rs 144. With migrants labour returning and schools in Maharashtra likely to commence operations, fron September this year, the worst seems to be over for the company
The brokerage house, 

#The shares of Williamson Magor & Company Limited (Rs.17) is consolidating around the current ranges, before charting its next upmove. This Rs. 10, FV share is available at a bargain price at the CMP.  The scrip would get support around Rs.16.80/16.70. Accumulate on declines.

#Texmo Pipes and Products Ltd (Rs.14.65) is consolidating around the current ranges before the next upmove.
Texmo Pipes and Products Limited is engaged in the production of pipes and fittings. The Company's principal products/services include plastic products.
The Company's products include rigid PVC pipes, agriculture fittings, PVC elastomeric pipes, casing pipes for tube well, conduit pipes, plumbing pipes and fittings, SWR pipes, SWR fittings, CPVC pipes, submersible column pipes, suction hose garden pipes, drip irrigation systems, HDPE pipes, HDPE ID pipes, PLB HDPE duct, HDPE sprinkler pipes, sprinkler fittings, LD (Krishi) pipes and solvent cement. The Company also offers products, such as CPVC Pipes, Molded Fittings of PVC and SWR, DWC Pipes and Drip Inline.
The Company's production capacity is 75 million tons per day. The Company's subsidiaries include Texmo Petrochemicals LLP and Tapti Pipes & Products Limited FZE

PVC pipes are used in various commercial and industrial sectors including chemical industry, electronics, semiconductors, food and beverage, marine, mining, agricultural, steel processing, and wastewater treatment plants. 

These pipes are majorly used in the underground supply of potable water, in sewer and drainage systems, for irrigation, medical devices, and others. They are being commercially used in infrastructures including banks, health care facilities, airports, marine systems, resorts, office buildings, amongst others. 

PVC pipes are also used in various pressure systems in building service lines, site utility systems, reclaimed and gray water systems, turf irrigation, and among others. Some of the factors which may help the companies firm up its fundamentals are:

• The growing application base, along with rapid urbanization and industrialization, is contributing to the growth of the India PVC pipes market. 
• The Government of India is currently focusing on the development of the economy by increasing its spending and in turn facilitating the growth of several sectors. The government is proposing several schemes and plans such as Pradhan Mantri Awas Yojana, Pradhan Mantri Krishi Sinchai Yojana toward the development of infrastructural facilities. Such plans are also expected to support the growth of the India PVC pipes market.
• The company's products are mostly used in irrigation, Water Supply, Sewerage, Plumbing, Oil & Gas, HVAC, and Others, where green shoots are being seen post hereto, good monsoon rains. 
• Upsurge in the demand for pipes in the irrigation sector and building & construction industry is the major driving factor for India PVC pipes market. Moreover, increased focus of government on rural water management supports the demand for PVC pipes in India. 
• The rise in awareness towards clean water supply in rural areas and increase in investment in the developing regions of the country are anticipated to offer growth opportunities for the market of Company's product. 
• Till now, the company's products are mainly sold in the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan, but according to unconfirmed sources, the company is thinking to venture into eatern India owing to abundant cultivation of tea, where company's products may find use. 
• The rise in population is expected to be a major contributor to demand pull off company's products in India through increase in demand for housing. 
• Growing problems of water shortage will also lead to increase in demand for PVC pipes and other products of the company. 
• The market for plastic pipes and fittings in India is in its growth stage, growing at double digit CAGR during FY’2013 – FY’2018. The market poise for compelling future opportunities with increasing investment by the government in agricultural projects and welfare of farmers. Schemes and programs such as PMKSY (Pradhan Mantri Krishi Sinchayee Yojana) will increase demand for irrigation systems to be installed in farms and fields, resulting in increase in demand for its products. 
• It has also been anticipated that both urban and rural areas in India are likely to suffer from water shortage problems due to erratic rainfall patterns and decreasing natural sources of water. This will lead to the construction of more borewells across the country to draw groundwater, leading to increase in demand of its products. 
• The demand for irrigation equipment goes up ahead of and during the monsoon. 
• Recently, 17 countries had set targets to phase out internal combustion engine vehicles. This means the price of crude oil is not going to shoot up too high. 

Conclusion: The India PVC Pipes Market size was valued at $3,159 million in 2016 and is anticipated to expand at a CAGR of 10.2% to reach $6,224 million by 2023. 

Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene.

Therefore buy the shares of Texmaco Pipes and Products Ltd near the CMP, for double return.