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Monday, December 31, 2007

XPRO India : Reco Price Rs. 47.75 CMP: Rs.47.75 (Gain 0.00%)

XPRO India Ltd. is a part of S.K. Birla Group and is a diversified company involved in the manufacture of BOPP Films, Coextruded Plastic Sheets, Coextruded Cast Plastic Film, Thermoformed Components, Refrigerator Liners, Thermoset Moulding Powders and Synthetic Resins. The company has its manufacturing operations located at Faridabad, Greater Noida, Ranjangaon (Pune) and Barjora (West Bengal). The company had relocated its manufacturing plant located at Kandivali, Mumbai to Ranjangaon, Pune.

Buy JHS Svendgaard Laboratories

Buy JHS Svendgaard Laboratories with a stop loss of Rs 64 for a short-term target of Rs 109.
JHS Svendgaard
BSE: 532771
NSE: JHS
ISIN: INE544H01014
Industry: Personal Care
BSE Group : B1 Last Price

Change

Prev Close Volume
BSE 28-Dec 17:30 Rs.71.90

9.94% Rs.6.50

65.40 313,402
NSE 28-Dec 17:30 Rs.72.15

9.98% Rs.6.55

65.60 269,918

Buy Hotel Leela

Buy Hotel Leela with a stop loss below Rs 69 for targets of Rs 76 and Rs 79. This is a day trading recommendation.
Hotel Leela
BSE: 500193
NSE: HOTELEELA
ISIN: INE102A01024
Industry: Hotels

BSE Group : B1 Last Price

Change Prev Close
Volume

BSE 28-Dec 17:30 Rs.71.45

7.12% Rs.4.75 66.70
6,196,375

NSE 28-Dec 17:30 Rs.71.55

7.19% Rs.4.80 66.75
17,778,643

Buy Orchid Chem

Buy Orchid Chem with a stop loss of Rs 265 for a target of Rs 400.
Orchid Chemical
BSE: 524372
NSE: ORCHIDCHEM
ISIN: INE191A01019
Industry: Pharmaceuticals
BSE Group : A Last Price

Change Prev Close





Volume
BSE 28-Dec 17:30 Rs.294.70

14.54% Rs.37.40 257.30





938,721
NSE 28-Dec 17:30 Rs.295.55

15.04% Rs.38.65 256.90





2,611,850

Buy Ruchi Soya Industries

Buy Ruchi Soya Industries with a stop loss of Rs 138 for a short-term target of Rs 192.
Ruchi Soya
BSE: 500368
NSE: RUCHISOYA
ISIN: INE619A01027
Industry: Edible Oils & Solvent Extraction
BSE Group : B1 Last Price

Change

Prev Close Volume
BSE 28-Dec 17:30 Rs.150.05

4.97% Rs.7.10

142.95 629,240
NSE 28-Dec 17:30 Rs.150.00

5.01% Rs.7.15

142.85 687,395

Buy JP Hydro

Buy JP Hydro with a stop loss of Rs 125 for a target of Rs 152.
JaiprakashHydro
BSE: 532627
NSE: JPHYDRO
ISIN: INE351F01018
Industry: Power - Generation/Distribution
BSE Group : B1 Last Price

Change Prev Close

Volume
BSE 28-Dec 17:30 Rs.135.85

6.72% Rs.8.55 127.30

8,994,407
NSE 28-Dec 17:30 Rs.136.05

7.46% Rs.9.45 126.60

27,857,435

Friday, December 28, 2007

Buy Educomp

Buy Educomp Solutions with a stop loss of Rs 4300 for a target of Rs 4850.
Educomp Sol
BSE: 532696
NSE: EDUCOMP
ISIN: INE216H01019
Industry: Computers - Software - Training
BSE Group : B1 Last Price Change Prev Close

Volume
BSE 27-Dec 17:30 Rs.4468.50 7.64% Rs.317.20 4151.30

86,716
NSE 27-Dec 17:30 Rs.4474.50 7.54% Rs.313.80 4160.70

165,218

Buy Everonn System

Buy Everonn System with a stop loss of Rs 780-Rs 800 for a target of Rs 1200/Rs 1400.
Everonn Systems
BSE: 532876
NSE: EVERONN
ISIN: INE678H01010
Industry: Computers - Software - Training

BSE Group : B1 Last Price Change Prev Close

Volume
BSE 27-Dec 17:30 Rs.1011.20 10.00% Rs.91.90 919.30

78,721
NSE 27-Dec 17:30 Rs.1011.75 10.00% Rs.92.00 919.75

115,603

Buy CMC

Buy CMC with a stop loss of Rs 1320 for a short-term target of Rs 1680.
Approximately 3 –4 weeks. If the target is not met within 3-4 weeks then please exit the positions.
CMC
BSE: 517326
NSE: CMC
ISIN: INE314A01017
Industry: Computers - Hardwar
BSE Group : A Last Price Change Prev Close

Volume
BSE 27-Dec 17:30 Rs.1378.90 6.57% Rs.85.05 1293.85

61,669
NSE 27-Dec 17:30 Rs.1371.00 5.86% Rs.75.85 1295.15

143,101

Buy Noida Toll Bridge

Buy Noida Toll Bridge on intraday declines with Stop Loss below Rs 63.50, for targets of Rs 69 & Rs 72. This is a day trading recommendation.
Noida Toll
BSE: 532481
NSE: NOIDATOLL
ISIN: INE781B01015
Industry: Construction & Contracting - Civil

BSE Group : B1 Last Price Change Prev Close


Volume
BSE 27-Dec 17:30 Rs.66.85 9.95% Rs.6.05 60.80


6,306,992
NSE 27-Dec 17:30 Rs.66.80 10.05% Rs.6.10 60.70


10,643,173

Thursday, December 27, 2007

Buy Shree Renuka Sugar

Buy Shree Renuka Sugar with stop loss of Rs 930, for target of Rs 1300.
Shree Renuka
BSE: 532670
NSE: RENUKA
ISIN: INE087H01014
Industry: Sugar
BSE Group : B1 Last Price Change Prev Close Volume
BSE 27-Dec 10:01 Rs.1043.00 1.23% Rs.12.65 1030.35 5,727
NSE 27-Dec 10:05 Rs.1038.00 0.75% Rs.7.75 1030.25 25,337

Buy Essar Oil

Buy Essar Oil with a stop loss of Rs 262 for a target of Rs 400.
Essar Oil
BSE: 500134
NSE: ESSAROIL
ISIN: INE011A01019
Industry: Refineries
BSE Group : B2 Last Price Change Prev Close


Volume
BSE 27-Dec 09:59 Rs.307.15 1.94% Rs.5.85 301.30


326,484
NSE 27-Dec 10:04 Rs.308.50 2.41% Rs.7.25 301.25


1,519,648

Buy Arvind Mills

Buy Arvind Mills with a stop loss of Rs 77 for a short-term target of Rs 142.
Approximately 3 –4 weeks. If the target is not met within 3-4 weeks then please exit the positions.
Arvind Mills
BSE: 500101
NSE: ARVINDMILL
ISIN: INE034A01011
Industry: Textiles - Denim
BSE Group : A Last Price Change Prev Close



Volume
BSE 27-Dec 09:58 Rs.84.30 1.38% Rs.1.15 83.15



172,180
NSE 27-Dec 10:02 Rs.85.25 2.53% Rs.2.10 83.15



726,954

Buy GE Shipping

Buy Great Eastern Shipping with a stop loss of Rs 511 for a short-term targets of Rs 560-Rs 570
GE Shipping
BSE: 500620
NSE: GESHIP
ISIN:INE017A01032
Industry: Shipping
BSE 27-Dec 09:56 Rs.548.95 2.94% Rs.15.70 533.25

30
NSE 27-Dec 10:00 Rs.539.00 0.24% Rs.1.30 537.70

32,396

Buy XL Telecom

Buy XL Telecom with a stop loss below Rs 510 for a target of Rs 555. This is a day trading recommendation.
XL Telecom
BSE: 532788
NSE: XLTL
ISIN: INE183H01011
Industry: Telecommunications - Equipment
BSE Group : B1 Last Price Change Prev Close Volume
BSE 27-Dec 09:55 Rs.549.80 3.97% Rs.21.00 528.80 760
NSE 27-Dec 10:00 Rs.555.00 4.97% Rs.26.30 528.70 23,265

Buy Bongaigaon Refineries

Buy Bongaigaon Refineries around Rs 100.90. Stop Loss at Rs 98. This is a day trading reco.
Bongaigaon Ref
BSE: 500072 NSE: BONGAIREFN ISIN: INE241A01012
Industry: Refinerie
BSE Group : A Last Price Change Prev Close
Volume
BSE 26-Dec 17:30 Rs.100.90 5.65% Rs.5.40 95.50
0
NSE 27-Dec 09:56 Rs.104.25 3.06% Rs.3.10 101.15
113,481

Wednesday, December 26, 2007

Buy SBI

Buy SBI around 2330.05. Stop Loss at 2300. This is a day trading reco.
SBI
BSE: 500112
NSE: SBIN
ISIN: INE062A01012
Industry: Banks - Public Sector
BSE Group : A Last Price Change Prev Close


Volume
BSE 24-Dec 17:30 Rs.2330.05 2.86% Rs.64.85 2265.20


178,221
NSE 24-Dec 17:30 Rs.2334.75 3.44% Rs.77.55 2257.20


543,952

Buy GAIL India

Buy GAIL India with a stop loss of Rs 475 for a target of Rs 625.
GAIL
BSE: 532155
NSE: GAIL
ISIN: INE129A01019
Industry: Oil Drilling And Exploration
BSE Group : A Last Price Change Prev Close





Volume
BSE 24-Dec 17:30 Rs.522.75 9.01% Rs.43.20 479.55





891,503
NSE 24-Dec 17:30 Rs.526.15 9.56% Rs.45.90 480.25





3,311,279

Buy Gujarat Narmada Valley Fertiliser

Buy Gujarat Narmada Valley Fertiliser with a stop loss of Rs 190 for a target of Rs 255.
GNFC
BSE: 500670
NSE: GNFC
ISIN: INE113A01013
Industry: Fertilisers
BSE Group : A Last Price Change Prev Close


Volume
BSE 24-Dec 17:30 Rs.210.50 9.41% Rs.18.10 192.40


888,036
NSE 24-Dec 17:30 Rs.210.35 9.41% Rs.18.10 192.25


1,229,268

Buy Arvind Mills

Buy Arvind Mills with a stop loss of Rs 74 for short-term target of Rs 142.
If the target is not met within 3-4 weeks then please exit the positions.
Arvind Mills
BSE: 500101
NSE: ARVINDMILL
ISIN: INE034A01011
Industry: Textiles - Denim
BSE Group : A Last Price Change Prev Close



Volume
BSE 24-Dec 17:30 Rs.79.05 0.89% Rs.0.70 78.35



1,060,754
NSE 24-Dec 17:30 Rs.79.05 0.64% Rs.0.50 78.55



1,855,914

Tuesday, December 25, 2007

IMP Powers is undertaking $ 7 Mn (Rs 30 Cr)

IMP Powers Ltd : Reco Price Rs. 221.50 CMP: Rs.219.00 (Loss 1.13%)

IMP Powers is undertaking $ 7 Mn (Rs 30 Cr) expansion plan after which the installed capacity of Transformers would increase from 3600MVA to 6000MVA (67% rise) meters from 164400 units to 314400 units (47% growth). The expanded capacities are expected to be operational by Q1FY09.

IMP Powers Ltd

Investment Rationale

The company is undertaking $ 7 million (Rs 30 crore) expansion plan after which the installed capacity of Transformers would increase from 3600MVA to 6000MVA (67% rise) meters from 164400 units to 314400 units (47% growth). The expanded capacities are expected to be operational by Q1FY09. The expansion is part financed by investment of $ 4.7 million (Rs 19 crore, 11.80 lakh Compulsorily Convertible Preference Shares (CCPS) at Rs 161 per share) by Motilal Oswal Venture Capital Advisors. Brescon Corporate Advisors was the financial advisor to the deal. Further, promoters of the company and Brescon Corporate Advisors Ltd have subscribed to the warrants to finance the balance capital expenditure (7 lakh warrants at Rs 163.90). Post conversion of the warrants, Motilal Oswal Venture will hold 13.75% in the company.

The company is having a strong order book position of Rs 130 crore as on 30th Sept 2007 (1.26x FY07 net sales), executable over next 8-9 months. The company recently bagged order worth Rs 65 crore from a renowned EPC Contractor for supply to Maharashtra State Electricity Board.

The capacity utilization level for the Transformers has witnessed improvement over the past years (FY05: 27.7%, FY06: 38.3%, FY07: 41.9%). Going forward we expect the levels to improve further to 50% for FY07 & 55% for FY09.

The share of exports (FOB) in total sales has increased from 18% in FY06 to 22% in Fy07. The company enjoys 5% higher margin on exports than domestic sales. We expect the share of exports will further increase to 25% in FY08 & 30% in FY09.

The company’s dependence on SEBs has reduced to 50% which is expected to go down further helping the company to reduce its working capital cycle and thus improved margins.

Besides, IMPPL is having land at Kandivli (W) in Mumbai. If it decides to develop it into residential / commercial complex, it will fetch additional money for the company.

Financial Performance

Transformers constitute about 95% of its FY2007 sales. The company has successfully turned around after a bad phase in 2000-2005. Subsequent to the turnaround, it has achieved a CAGR of about 55% in sales over last 2 years. The EBIDTA margins have improved to a current level of 17.9% for FY07 as against a low of 10.1% in FY05 because of growth in sales and operational efficiency.

For the Q1FY08 the company’s Total Income grew by 38.7%, EBIDTA by 46%, PBT by 103% and PAT by 57%. Also the EBIDTA margin improved from 16.9% to 17.9% and PAT margin from 6.9% to 7.9%.

Valuations

At current market price, the stock is quoting around PER 17.9x. On EV/Sales and EV/EBITDA it is available at 2.0x and 11.4x of TTM September 07 earning respectively.

Monday, December 24, 2007

Buy CMC - day trading

Buy CMC around Rs 1187.60. Stop Loss at Rs 1150. This is a day trading recommendation.

CMC
BSE: 517326
NSE: CMC
ISIN: INE314A01017
Industry: Computers - Hardware

BSE Group : A Last Price Change Prev Close Volume
BSE 20-Dec 17:30 Rs.1187.60 10.75% Rs.115.25 1072.35 58,131
NSE 20-Dec 17:30 Rs.1190.50 10.86% Rs.116.65 1073.85 93,673

Buy Gujarat Industries

Buy Gujarat Industries Power around Rs 129.90. Stop Loss at Rs 126. This is a day trading recommendation.
Guj Ind Power
BSE: 517300
NSE: GIPCL
ISIN: INE162A01010
Industry: Power - Generation/Distribution
BSE Group : A Last Price Change Prev Close


Volume
BSE 20-Dec 17:30 Rs.129.90 2.36% Rs.3.00 126.90


931,711
NSE 20-Dec 17:30 Rs.129.75 2.08% Rs.2.65 127.10


1,040,72

Buy Polaris

Buy Polaris with a stop loss of Rs 113 for targets of Rs 130/147.
Polaris
BSE: 532254
NSE: POLARIS
ISIN: INE763A01023
Industry: Computers - Software
BSE Group : A Last Price Change Prev Close

Volume
BSE 20-Dec 17:30 Rs.120.25 3.89% Rs.4.50 115.75

431,156
NSE 20-Dec 17:30 Rs.120.50 3.83% Rs.4.45 116.05

854,655

Buy Marg Constructions

Buy Marg Constructions with a stop loss of Rs 480 for a target of Rs 640.
Marg Construct
BSE: 530543
NSE:
ISIN: INE941E01019
Industry: Construction & Contracting - Housing
BSE Group : B2 Last Price Change Prev Close

Volume
BSE 20-Dec 17:30 Rs.520.95 5.00% Rs.24.80 496.15

429,216

Buy CMC

Buy CMC with a stop loss of Rs 1100 for short-term target of Rs 1550.
Approximately 3 -4 weeks. If the target is not met within 3-4 weeks then please exit the positions. CMC
BSE: 517326
NSE: CMC
ISIN: INE314A01017
Industry: Computers - Hardware
BSE Group : A Last Price Change Prev Close

Volume
BSE 20-Dec 17:30 Rs.1187.60 10.75% Rs.115.25 1072.35

58,131
NSE 20-Dec 17:30 Rs.1190.50 10.86% Rs.116.65 1073.85

93,673

Friday, December 21, 2007

Buy Wire and Wireless

Buy Wire and Wireless (India) with a stop loss of Rs 80 for a target of Rs 130.
Wire & Wireless
BSE: 532795
NSE: WWIL
ISIN: INE965H01011
Industry: Media & Entertainment
BSE Group : B1 Last Price Change Prev Close

Volume
BSE 20-Dec 17:30 Rs.89.10 -5.46% Rs.-5.15 94.25

5,750,814
NSE 20-Dec 17:30 Rs.89.25 -5.25% Rs.-4.95 94.20

12,355,851

Buy Mangalore Chemcials and Fert

Buy Mangalore Chemcials and Fert with a stop loss of Rs 38 for short-term targets of Rs 55.
Mangalore Chem
BSE: 530011
NSE: MANGCHEFER
ISIN: INE558B01017
Industry: Fertilisers

BSE Group : T Last Price Change Prev Close




Volume

BSE 20-Dec 17:30 Rs.43.20 4.98% Rs.2.05 41.15




330,891

NSE 20-Dec 17:30 Rs.43.45 3.33% Rs.1.40 42.05




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