LIFE LEARNED LESSONS BY SEVAK

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: 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: 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.