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Showing posts from 2009

Performance of Recommendation

Hi... All the stocks from 6 mnths back to 3 months hence from now... 1. SaskenCommunication 2. MIC Electronics 3. kolte Patil 4. Indian Oversea Bank 5. Elgi Equipment All these recommendations have achieved their target........... You can check it here only when recos are give wht time period was suggested to invest in and cross check from www.nseindia.com tht whtn they achieved their target. And, soon you will find list of such stocks here...

Fundamental Call On July06, 09: Buy Sasken

Fundamental Call on July 06, 09 Co: Sasken Communication Reco: Buy CMP: Rs 100-102 (Around), Target: Rs 114 (1-2 month), Rs 160(6-12 months) Best Buy: Rs 94 (accumulate dip around this level).

Buy Kolte Patil Dev Ltd.: Fundamental Call on June17,09

Fundamental Call onJune17, 09: By Praveen Kr Sevak Co Name: Kolte Patil Dev. Ltd. Reco: Buy CMP: Rs 46 (around) Target: Rs 60-64 (1-2 months), Rs 138.4 (6-12 months) Best Buy: Dip around Rs 40 (accumulate at this level) Investment Rational: 1. Fundamentally talking, though the company has recorded negative growth in Dec Quarter 2009, yet it is pretty attractive. Currently it is trading at a PE multiple of 3.2X and PB of 0.54, that is very attractive compare to peers in this industry. Its profitability margin is also attractive PBDIT margin is above 40% and PAT margin is25 % (approx). Moreover, It has a DE (Debt Equity ) ratio is 0.15 and current Ratio is 1.35, that is again fair enough to buy and hold the share. 2. It is in the business of Real Estate development especially Residential Properties, Commercial properties and IT parks as well. The company has enough experience in this segment, as they have already developed more than 25 such projects sinc...

Fundamental Call on May29, 09: Buy Accentia Tech

Dear All, As like always, Today again I am with a new Fundamental Recommendation. Most of the time, I have come up with out of sight under valued stock not in list of nifty 50. And, almost all the time the picks have achieved the target and outperform the benchmark index NIFTY. You can take the review posted time to time and would be posted soon. Fundamental call on May29, 09; By Praveen Kr Sevak Co Name: Accentia Tech Reco: Buy CMP: Rs 125-127 (Approx) Best Buy Level: Dip around Rs 110-115 (Accumulate at this level) Target: Rs 150 (1-2 month), Rs 225(6-12 months) Investment Rational: 1. Fundamentally talking, Net profit of Accentia Technologies rose 26.51% to Rs 6.30 crore in the quarter ended March 2009 as against Rs 4.98 crore during the previous quarter ended March 2008. Sales rose 22.90% to Rs 20.93 crore in the quarter ended March 2009 as against Rs 17.03 crore during the previous quarter ended March 2008. For the unaudited full year, net profit rose 85.0...

Fundamental Call On May25, 09: Buy Indian Overseas Bank

Fundamental Call on May25, 09: By Praveen Kr sevak Co Name: IoB (Indian Overseas Bank) Reco: Buy CMP: Rs 85-88 (Buy in small Quantity at current level) Best Buy level: Dip Around Rs 70 (accumulate at this level) Target Price: Rs 98 (1-2 month), Rs 157 (6-12 months) Investment Rational: 1. In Q4 of FY 09, IoB has registered 22% increase in its operating income and 5.37% increase in its net profit. 2. In the FY09, It has registered 10% rise in Net Profits and had come up with recoveries in its bad debts, which causes it profit to be up by this amount. 3. In a First of its kind deal, EXIM Bank and IoB have come together to co-finance Akshay Katrina Starer De Dhana Dhan produced by Venues Records and directed by Priyadarsan. The movie is expected to have a budget of Rs 70 cr and EXIM would give Rs 15 cr and IoB would give Rs 10 cr at a rate of 12.5-13%. 4. It is currently tradind at a PE multiple of 3.7 and PB of 0.80. It is expected to see Rs 157 level at a PE multiple of ...

Fundamental Call on May14, 09: Buy Elgi Equipment

Fundamental Call on May14, 09: By Praveen Sevak Co Name: Elgi Equipment Reco: Buy CMP: Rs 36.5 (around) (Buy in small quantity at CMP) Best Buy Level: Rs 32 (around) (accumulate dip around this level) Target: Rs 43-45 (1-2 months), Rs 62 (6-12 months) Investment Rational: 1. Elgi, the market leader and Asia's largest manufacturer of air compressors and automobile service station equipment, has incorporated a wholly owned subsidiary company in China also. And already, it has presence in all the major markets across the world covering Europe, North America, Latin America, Africa, Australia, Middle East, South east and west Asia. 2. It is a debt free company and have almost maintained growth even in the downturn also. 3. Though its Net Sales and Net profit has gone down in the 4th quarter of FY 09, it has managed to increase its profitability margins that clearly shows its competitive advantage over its peers.

Fundamental Call on Apr28, 09

Buy MIC Electronics Co Name: MIC Electronics, CMP: Rs 23.85, Best Buy Levbvel: At CMP or Dip around Rs 21 Target Level: Rs 30(1-2 month), Rs 65 (6-12 months)

Fundamental Call on Apr 22, 09

Stock: Vakrangee Software Reco: Buy CMP: Rs 36.7 Best Buy Level: at CMP or dip around Rs 32 Target: Rs 50-52 (1-2 months), Rs 80(6-12 months)

Macro Economic View on Stock Market (Short As Well As Long Term )

Dear All, Who -so-ever have interest in share market- current ongoing last few trading days were very confusing including today - but let me tell you, it was not like so. Following the ongoing election and the fund needed by different political parties and dismal performance by corporates (companies) in the last 2-3 quarters and also in coming 1-2 quarters, corporates were and are not in the position; as they were in the last election; but parties need fund. Now one of the ways that can assure them very good funds is share market. So what is happening in the market is, it is defying all the global cues for last 15 trading sessions and especially since the start of the election on Apr 18,09. Every day it is taking an almost u-turn in between start and close of the market. The market has turned as much volatile that no fundamental can be applied and behaving almost irrational and without any logic to support the volatility. The market is behaving like monthe expiry has approached. Its n...

Pair Strategy Long IOC & Short BPCL

PAIR STRATEGY Pair Strategy is taking a long short position within a sector on a market neutral basis based on the price ratio movement of the stocks. This strategy takes on advantage when there is dispersion in the current ratio of the two correlated stocks. The positions are squared off when the relative prices return to their averages mean. Long IOC and Short BPCL (CMP & M Cap taken on Apr02, 09): IOC (LONG) BPCL (SHORT) NSE Code IOC BPCL Spot Rs 405.15 Rs 372.90 Future Price Rs 405.85 Rs 375.85 M-Cap Rs cr 48309.05 Rs cr 13481.9 3Months High Rs 466.90 Rs 423.30 3 Months Low Rs 354 Rs 329.50

Pair Strategy Buy HLL Short ITC

PAIR STRATEGY What Pair Strategy is all about? Pair Strategy is taking a long short position within a sector on a market neutral basis based on the price ratio movement of the stocks. This strategy takes on advantage when there is dispersion in the current ratio of the two correlated stocks. The positions are squared off when the relative prices return to their averages mean. The Strategy is purely based on quantitative analysis. 1. Long HLL and Short ITC (CMP & M Cap taken on Apr02, 09): HLL (LONG) ITC (SHORT) NSE Code HINDUNILVR ITC Spot Rs 231 Rs 185.3 Future Price Rs 232.75 Rs 186.85 M-Cap Rs cr 50355 Rs cr 69940 3Months High Rs 271.9 ...