!!SAI PARSADAM !!
VIKAS PARSHURAM SAMWATSARE
BIG BOSS IN STOCK MARKET
DATED 14 DEC 2012
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SHARE MARKET TIPS LONG TERM & SHORT TERM
INVESTMENT
INVESTMENT
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Buy Reliance Capital Ltd For Target Rs. 540/555/580
HOLDINGPERIOD:2-3MONTHS
* Stock is moving in down trend since January 2008, It fell from 2920 to 227 level. But after touching 227 level in January 2012, it made higher lows. Yesterday it broke the previous high in weekly chart, which is reversal signal as per Dowtheory.
* We saw “Ascending Triangle Pattern” breakout in the stock in weekly chart with healthy volumes, which is bullish chart pattern.
* On the oscillator front, RSI is moving well above its average in weekly chart, which indicates price reversal on cards.
* MACD is alsomoving in upward direction in positive zone, which supports the buy call on the stock.
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Buy Gitanjali Gems Limited For Target Rs.465.00
Gitanjali Gems is one of the largest integrated diamond and jewellery manufacturers and retailers in India.
* Gitanjali Gems Ltd has informed that Aston Luxury Group Ltd., has acquired 15.3% stake in Verite Co. Ltd. in Japan.
* Gitanjali Launches India’s First unique and innovative Gold and Diamond ATM machine, which is a one stop shop for buying medallions, coins, jewellery etc.
* Gitanjali Gems Ltd has demonstrated the results during the quarter; its boisterous growth of Net Profit is steers by 14.68% to Rs. 1516.59 million.
* Gitanjali Gems Ltd allotted 943,396 equity shares of Rs. 10/- each to Bennett Coleman and Company Limited (BCCL), held by BCCL in the ratio of 1:1 as agreed upon.
* Net Sales and PAT of the company are expected to grow at a CAGR of 26% and 32% over 2011 to 2014E respectively.
* The company has recommended a dividend of Rs 3/- per equity share for the year ended March 31, 2012.
Investment Highlights
Results updates- Q2 FY13,
Gitanjali Group's operates from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, spruce grinding, filing, polishing and setting, reported its financial results for the quarter ended 30 Sep, 2012. The Second quarter witnesses a healthy increase in overall sales as well as profitability on account of launch of a unique and innovative Gold & Diamond ATM machine, which is a one stop shop for buying medallions, coins, jewellery etc.
The company’s net profit jumps to Rs.1516.59 million against Rs.1322.46 million in the corresponding quarter ending of previous year, an increase of 14.68%. Revenue for the quarter rose by 24.01% to Rs.39282.51 million from Rs.31676.41 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.16.47 a share during the quarter, registering at 7.52% increase over previous year period. Profit before interest, depreciation and tax is Rs.2712.56 millions as against Rs.2213.64 millions in the corresponding period of the previous year.
Outlook and Conclusion
* At the current market price of Rs.404.00, the stock P/E ratio is at 5.77 x FY13E and 4.56 x FY14E respectively.
* Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.69.98 and Rs.88.68 respectively.
* Net Sales and PAT of the company are expected to grow at a CAGR of 26% and 32% over 2011 to 2014E respectively.
* On the basis of EV/EBITDA, the stock trades at 2.98 x for FY13E and 2.42 x for FY14E.
* Price to Book Value of the stock is expected to be at 0.99 x and 0.88 x respectively for FY13E and FY14E.
The second quarter witnesses a healthy increase in overall sales as well as profitability on account of powerful combination of exciting products, an enhanced store network and robust infrastructural Support system. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.465.00 for Medium to Long term investment.
Buy Wipro Limited For Target Rs.403.00
Wipro is 4th largest Company in the world in terms of market capitalization in IT services. During the quarter ended, the robust growth of revenue is increased by 23.81% to Rs. 16106.00 million.
* Wipro has added 53 new customers for the quarter.
* Wipro has entered into a long term strategic partnership with Qatar Airways for developing and implementing IP for cargo management and revenue accounting.
* Wipro Technologies has been positioned as a Thought Leadership "Best-In-Class" in the CEB TowerGroupOutsourcing Technology Analysis Report 2012.
* Wipro launched Prepaid Broadband Solution for US Cable Market.* Wipro received the Oracle APAC CRM Partner of the Year 2012 award.
* Wipro Technologies announced its partnership with the Chennai Runners, as the title and technology sponsor of “The Wipro Chennai Marathon (TWCM) 2012".
* Wipro Technologies has become an SAP® services partner of SAP South Africa.
* The Company’s revenue and PAT are expected to grow at a CAGR of 17% and 9% over FY11 to FY14E respectively.
Outlook and Conclusion
* At the current market price of Rs.363.00, the stock P/E ratio is at 14.58 x FY13E and 13.00 x FY14E respectively.
* Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.24.91 and Rs.27.93 respectively.
* Net Sales and PAT of the company are expected to grow at a CAGR of 17% and 9% over 2011 to 2014E respectively.
* On the basis of EV/EBITDA, the stock trades at 9.43 x for FY13E and 8.40 x for FY14E.
* Price to Book Value of the stock is expected to be at 2.69 x and 2.23 x respectively for FY13E and FY14E.
We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.403.00 for Medium to Long term investment.
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Buy Goa Carbon Limited For Target Rs.107
We initiated coverage of GOA CARBON LTD and set a target price of Rs. 107.00 for Medium term Investment.
* Goa Carbon Limited is a public Ltd company & is in the business of manufacture & marketing of Calcined Petroleum Coke.
* Goa Carbon Ltd has demonstrated the results during the quarter; its boisterous growth of Net Profit is steers by 171.00% to Rs. 110.38 million.
* Goa Carbon has recommended a dividend of Rs.4/- per equity share (40%) of face value of Rs.10/- for the financial year ended March 31, 2012.
* The company had entered into a joint venture agreement with sinoway international Holdings Ltd, Hong Kong to form a joint venture company, manufacture of 280000 MT per annum of calcined petroleum coke.
* The plant is ISO 9001:2008 certified by Bureau Veritas. It is also 14001:2004 certified.
* Net Sales and PAT of the company are expected to grow at a CAGR of 12% and 26% over 2011 to 2014E respectively.
Investment Highlights
Results updates- Q2 FY13,
Goa Carbon Ltd is a public limited company and is in the business of manufacture & marketing of Calcined Petroleum Coke, reported its financial results for the quarter ended 30 Sep, 2012. The Second quarter witnesses a healthy increase in overall sales as well as profitability on account of the Company is continuously innovating & discovering new methods and concepts to improve the quality of CPC & to achieve efficiency in manufacturing operations.
The company’s net profit jumps to Rs.110.38 million against Rs.40.73 million in the corresponding quarter ending of previous year, an increase of 171.00%. Revenue for the quarter rust by 25.33% to Rs.976.65 million from Rs.1307.92 million, when compared with the prior year period, the company is always increase its selling prices in line cost of imported raw material which varies substantially from time to time. Reported earnings per share of the company stood at Rs.12.06 a share during the quarter, registering at 171.00% increase over previous year period. Profit before interest, depreciation and tax is Rs.151.07 millions as against Rs.78.78 millions in the corresponding period of the previous year.
Outlook and Conclusion
* At the current market price of Rs.94.40, the stock P/E ratio is at 6.10 x FY13E and 4.73 x FY14E respectively.
* Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.15.48 and Rs.19.95 respectively.
* Net Sales and PAT of the company are expected to grow at a CAGR of 12% and 26% over 2011 to 2014E respectively.
* On the basis of EV/EBITDA, the stock trades at 8.37 x for FY13E and 7.08 x for FY14E.
* Price to Book Value of the stock is expected to be at 0.93 x and 0.77 x respectively for FY13E and FY14E.
The second quarter witnesses a healthy increase in overall sales as well as profitability on account of powerful combination of exciting products of the Company is continuously innovating and discovering new methods and concepts to improve the quality of CPC and to achieve efficiency in manufacturing operations. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.107.00 for Medium to Long term investment.
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Buy Shriram Transpor Finance Co.Ltd For Target Rs.702.00
Shriram Transport Finance co. Ltd is a part of Shriram Group, a prominent player in commercial vehicle financing business, chit funds, consumer finance, life insurance, general insurance, stock broking, property development, project engineering and IT.
* The company has raised the funds by the way of public issue of 60,00,000 secured Nonconvertible Debentures during the quarter.
* The company has demonstrated the results during the quarter; its boisterous growth of Net Profit is steers by 12.74% to Rs. 3375.60 million.
* The company has declared an Interim Dividend of 30% i.e. Rs. 3/- per equity share of the face value of Rs. 10/- each fully paid up.
* As per the Court Order, the company has sanctioning the Merger is yet to be filed by Shriram Holdings (Madras) Private Limited (SHMPL) & the Company with Registrar of Companies, TamiI Nadu, the Financial affects of the merger have not been given effect to in the financial results.
* Net Sales and PAT of the company are expected to grow at a CAGR of 11% and 6% over 2011 to 2014E respectively.
Outlook and Conclusion
* At the current market price of Rs.615.40, the stock P/E ratio is at 9.99 x FY13E and 9.39 x FY14E respectively.
* Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.61.63 and Rs.65.55 respectively.
* Net Sales and PAT of the company are expected to grow at a CAGR of 11% and 6% over 2011 to 2014E respectively.
* On the basis of EV/EBITDA, the stock trades at 3.21 x for FY13E and 2.96 x for FY14E.
* Price to Book Value of the stock is expected to be at 1.89 x and 1.57 x respectively for FY13E and FY14E.
The second quarter witnesses a healthy increase in overall sales as well as profitability on account of powerful combination of exciting products, an enhanced store network and robust infrastructural Support system. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.702.00 for Medium to Long term investment.
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Buy Asian Paints Ltd For Target Rs.4633.00
* Asian Paints is India's largest paint company and Asia's third largest paint company, with a turnover of Rs 96.32 billion.
* During the quarter, the robust growth of Net Profit is increased by 14.58% to Rs. 2391.60 million.
* Asian Paints has approved interim dividend of Rs. 9.50 per Equity Share of the face value of Rs. 10 each for the FY- 2013.
* Asian Paints Ltd has decided to explore opportunities in areas of Home Improvement and Decor.
* The company’s Paint segment revenue grew by 25.5% in FY2012.
* The company has expanded its capacity at Rohtak plant in Haryana by 50,000 KL per annum to 2,00,000 KL per annum.
* The company has launched the first branded home painting service under the brand name ‘Asian Paints Home Solutions’.
* Net Sales and PAT of the company are expected to grow at a CAGR of 18% and 15% over 2011 to 2014E respectively.
Investment Highlights
Results updates- Q2 FY13,
Asian Paints is India's largest paint company and Asia's third largest paint company, with a turnover of Rs 96.32 billion, reported its financial results for the quarter ended 30th Sep, 2012. The second quarter witnesses a healthy increase in overall sales as well as profitability on account, an enhanced global network.
The company’s net profit jumps to Rs.2391.60 million against Rs.2087.30 million in the corresponding quarter ending of previous year, an increase of 14.58%. Revenue for the quarter rose 17.13% to Rs.26364.40 million from Rs.22507.80 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.24.93 a share during the quarter, registering 14.58% increase over previous year period. Profit before interest, depreciation and tax is Rs.4033.90 millions as against Rs.3521.20 millions in the corresponding period of the previous year.
Outlook and Conclusion
* At the current market price of Rs.4100.00, the stock P/E ratio is at 34.46 x FY13E and 29.93 x FY14E respectively.
* Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.118.99 and Rs.136.99 respectively.
* Net Sales and PAT of the company are expected to grow at a CAGR of 18% and 15% over 2011 to 2014E respectively.
* On the basis of EV/EBITDA, the stock trades at 20.77 x for FY13E and 17.88 x for FY14E.
* Price to Book Value of the stock is expected to be at 10.01 x and 7.44 x respectively for FY13E and FY14E.
* Good growth seen in Interior and Exterior Emulsions. This financial year shows a Secular growth in all the Divisions. Cumulative price increase for 12months FY12 was 12.28%.
* We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs.4633.00 for Medium to Long term investment.
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TIPS PROVIEDER VIKAS PARSHURAM SAMWATSARE @COPYRIGHT 2012 DEC 14
SUPPORT AND ADVERTISEMENTS IDEAS BY:- SAI PARSADAM AND VIKAS P SAMWATSARE
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VPS2012 
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