LIFE LEARNED LESSONS BY SEVAK

Buy Jhunjhunwala VanaspatiWith Short as well as Long Term View Co Name: Jhunjhunwala Vanaspati Ltd Reco: Buy CMP: Rs 72 (Dec05,08) Best Buy Level: Dip around Rs 65 (accumulate at or below this level) Target Price: Rs 82-85 (1-3 months), Rs 120(12-18) months Investment Rational: 1. Fundamentally, The company performance is quite consistant and it is registering very impressive growth in its Top Line ( Net Sales) and Bottom Level (PAT) of around 50% and 70% consequtively on average basis. It has EPS of Rs 48 (approx) so PE of 1.5 and BV = Rs 132. 2. 58% of its earnings comes from vanaspati oil and rest from soya, palm and Mustard oil. And, it has 35-40% market share in UP and Bihar. And, it has increased its market share over period of time. At the same time. the company has plans to increase its total capacity and to establish nes units in Bihar and West Bengal as well. Moreover, It has taken over a fertilizer comapany in Bihar to enter in Fertilizer segment.

Market Still Uncertain: Trade With Caution Hopes of stimulus package and rate cut to boost economy helped key benchmark indices cut early losses and settle with marginal losses in the week ended Friday, 5 December 2008. The market edged lower in three out of five trading sessions. However small and mid-cap stocks outperformed on momentum buying. The BSE 30-share Sensex lost 127.52 points or 1.40% to 8,965.20 in the week ended Friday, 5 December 2008. The S&P CNX Nifty declined 40.70 points or 1.47% to 2714.40 in the week. The BSE Mid-Cap gained 46.48 points or 1.63% to 2,892.95 and the BSE Small-Cap index rose 25.81 points or 0.78% to 3,323.54. Both the indices outperformed the Sensex. Sustained selling by the foreign institutional investors (FII) to shore up resources to beat the global liquidity crunch, have weighed heavily on the bourses since 2008. FIIs outflow reached Rs 54,970.10 crore in calendar 2008, till 3 December 2008. Trading for the week started on a dull note as weak...

Co Name: PTC Reco: Buy CMP: Around Rs 58 Best Buy Level: Dip around Rs 50-52 Target Price: Rs 65 ( 1-3 months), Rs 90 (6-12 months) Investment Rational: 1. Good performance continue in sep quarter also. In 2nd Quarter, it has registered 187% growth in its PAT. Trading below BV. 2. Chennai, Nov. 21 Biomass-based power producers in Tamil Nadu hope to bring in Power Trading Corporation of India to mediate in the third-party sale of power to industrial consumers. They operates over 40 MW of biomass-based power plants in the State, over 105 MW of biomass-based power capacity.

Co Name: PTC Reco: Buy CMP: Around Rs 58 Best Buy Level: Dip around Rs 50-52 Target Price: Rs 65 ( 1-3 months), Rs 90 (6-12 months) Investment Rational: 1. Good performance continue in sep quarter also. In 2nd Quarter, it has registered 187% growth in its PAT. Trading below BV. 2. Chennai, Nov. 21 Biomass-based power producers in Tamil Nadu hope to bring in Power Trading Corporation of India to mediate in the third-party sale of power to industrial consumers. They operates over 40 MW of biomass-based power plants in the State, over 105 MW of biomass-based power capacity.

Co Name: HCL Tech Reco: Buy CMP: Rs 120 (around) Best Buy Level: Dip around Rs 112-115 (accumulate at this level) Target Price: Rs 135 (1-3 months), Rs 170 (6-12 months) Investment Rational: 1. Fundamentally, The company is back on track in Q2nd of this year. In fact company has registerd growth in its operating profit in Sep Quarter YoY, this also when global scenario is very gloomay. Still, the co. has PBITA margin and PAT margin above 20%. Another positive thing is, it is almost debt free company. At the same time, it has Div Yield 2. HCL which is widely acknowledged as a pioneer and a leader in global delivery of infrastructure management, has received a 'Positive' rating in Gartner's MarketScope for Remote Monitor Services (Global)' and MarketScope for Remote Support Services (Global). HCL was one of 26 vendors evaluated for the remote support services report and one of 27 for the remote monitoring report.

Co Name: Punjab National Bank Reco: Buy CMP: Rs 445 (around) Best Buy Level: Dip around 420-425 (accumulate at and below this level) Target Price: Rs 475-480 (1-3 months), Rs 530(12 months) Investment Rational: 1. Fundamentally, PNB is amongst the more profitable and competitive PSBs, with relatively moderate but steady Earnings growth and strong RoE prospects. 2. At Rs 445, the stock is trading at 4.8x FY2010E EPS of Rs 92.5 and 0.9x FY2010E Adjusted Book Value (ABV) of Rs 480.4. We expect the bank to deliver about 20% RoE over FY2008-10E and maintain high RoEs relative to peers over the longer term as well, underpinning higher valuation multiples.

Here, one can find performance of Recommended shares and can see the my performance has out-performed the return from benchmark Sensex performance. Short Sell Recommendation Co Name Reco Reco Price Target Price(Rs) Lowest Level /Currnet Price* Remarks 1 Bajaj Auto Sh Sell Rs 444 Rs 350-360 Rs 305 Target Achieved 2 Welspun Gujarat Sh Sell Rs 139 Rs 85-90 Rs 73 Target Achieved 3 Bombay Dying Sh Sell Rs 630 Rs 144 Successful 4 NDTV Sh Sell Rs 314 Rs 74 Successful 5 Ambuja Cements Sh Sell Rs 80 Rs 52 Successful 6 UTV Sofware Sh Sell Rs 798 Rs 208.35 Successful 7 SRF LTd S...

Co name: Essar Oil Reco: Buy CMP: Rs 71 Target Price: Rs 80 (1-3 months), Rs 120 (6-12 months) Best Buy: Dip around Rs 60 (Accumulate at this Level) Investment Rational: 1. Comapany has registered turnaround in their sales and profit as well in the last two quarters Q1 & Q2 of this year. And, the refinary margins of the company is expected to go upin coming quarters. 2. Essar Oil's fund-raising is also weighing on the stock. The company is spending US$ 6 billion to expand its refining capacity in Gujarat to 6.80 lakh barrels per day by 2010. It hopes to raise US$ 3.5 billion in 12-year, rupee-denominated loans underwritten by SBI, ICICI Bank and IDBI Bank. It will also raise US$ 1.5 billion in foreign currency loan from Standard Chartered and ICICI Bank. That's why the stock has seen this much low level. At the same time, Recently, Essar Oil signed a product sale, purchase and infrastructure-sharing MoU w...