Tushar's Stock Tips

Monday, March 31, 2014

A Sharekhan commodity research newsletter| For March 31, 2014


Gold: near strong support Weekly close: $1,293.50 Gold in the last few months had fallen down in a three-wave manner. Silver: at a crucial junctureWeekly close: $19.770 Silver was falling in a medium-term falling channel since the last few months.

Copper: bearish potential intact Weekly close: $3.0415 Copper is in a downtrend from the medium-term perspective. Crude oil: Bears Warming upWeekly close: $101.67 NYMEX crude oil recently formed a sharp pull-back. Jeera: finds supportWeekly close: Rs10,065 The adjoining is a weekly chart of NCDEX jeera April 2014 contract. Jeera has been in a medium-term downtrend. Soya bean: stuck in a rangeWeekly close: Rs4,314 The adjoining chart is a weekly chart of NCDEX soya bean April contract. We can observe that for the past one month soya bean has been trading in a range.

Sunday, March 30, 2014

Mayur Uniquoters

For all of those who had invested in Mayur when recommended in 2011.. Kudos in the confidence !!

Now post bonus pick up and Hold.. Will get an exit at 400 very soon!!

Keep Up the Money Making!! We shud be able to fulfill our dreams !!! Go On !! Happy investing

Yes Bank Update

Happy Gudi Padwa!!

Hope you have taken yes bank .. its currently already trading at 409... so hold on and exit close to 430...

Happy Money Making..

Wednesday, March 26, 2014

Yes Bank : CMP 401.75. Target 435 - 8-10 days.

These are new short term holdings that I have just started. Try so that u can make quick Money..

Many More to come and Will keep you updated frequently.

Best of Luck and Happy Money Making

Tuesday, March 12, 2013

Multibagger Ideas: Tater bets on NMDC & Shree Renuka Sugars

Aashish Tater, Head of Research at Fortunewizard.com picks two stocks as his Multibagger Ideas for the day. He bets on National Mineral Development Corporation (NMDC) and Shree Renuka Sugars with targets of Rs 185 and Rs 40 respectively in next six-twelve months time.

Below is a verbatim transcript of the interview:

On NMDC

National Mineral Development Corporation (NMDC) is one play where we feel it is roughly 31 percent undervalued given to global peers. This could be an interesting bet from next six months perspective.

Now, there are positive developments from index management perspective and since this is going to get included in April, we feel there will be lot of momentum in the stock in days to come.

On risk reward side, we feel there is hardly any downside. If I take a quantitative call that we have been projecting for so many stocks, which we have been going right on either side, we feel this is one stock that has made a double bottom around Rs 143 mark on weighted average price. If you see the management guidance, they are looking for an uptick in the March realisation and we feel there will be a follow-on uptick even in April. Thus, realisations should go higher from current levels.

In fact, for next fiscal we are forecasting a sale of approximately Rs 10,300 crore with a net profit margin of 64-65 percent. That could be substantially good for this particular company because if they are able to clock that Rs 7,500 crore of profit, we feel on a marketcap of Rs 60,000 crore, given it is a debt-free company that stock should trade at least at Rs 75,000 crore sighting 25-26 percent upside from current levels.

We are giving a target of close to Rs 185 on this particular stock. Given all these positive developments that has been announced and index inclusion, the stock is likely to see an expansion in terms of price earnings multiple, which will be definitely good for this company in days to come.

On Shree Renuka Sugars

Sugar as a sector has been a very interesting bet given that the cycle turns 5-6 years down the line and it has been a consistent performer after every 5 years.

There are quite a few possibilities that we are forecasting through our projection models. We feel the sugar prices should bottom around in the Indian Sugar Exim Corporation Limited (ISEC) futures somewhere around this USD 18 dollars itself.

If I take a snapshot of sugar futures, we feel if it bottoms out at USD 18, it has got a higher level of USD 23 to achieve from next six-eight months perspective. Also, we are betting on south companies compared to Uttar Pradesh (UP) sugar mill and we feel Shree Renuka Sugars fits the bill.

Third biggest trigger that we are forecasting is the mix of ethanol from the Brazilian subsidiary that will go and turn around the project for Brazilian subsidiary. This will be a very big boost for this particular company.

Now the company's current valuation looks very attractive given that the sugar up cycle is about to begin. We are forecasting that the September crushing season will be very good for the company and this could be a game changer for the stock.

Again, the government has hinted for that ethanol mixing that has been due for a long time. We feel with government setting in now, there is a likely possibility that from this angle the entire sugar sector can take a fire on the rally.

The third biggest trigger, we are seeing, from that perspective is that there will be at least Rs 2-3 uptick in terms of realizations, which will give mills around Rs 1.5-1.75 per kilogram. That will again be positive for one of the largest capacity player in India.

Given all these factors, we feel at Rs 27 odd level, Shree Renuka Sugars is one stock that is grossly undervalued and can be seen as a very good bet from next 12 months perspective. We have a very aggressive target of close to Rs 48 onto the stock.

Now, among these all projections even if 2 out of 3 works in our favour, the stock would stabilise somewhere around Rs 40 levels. Thus, one should keep a short-term outlook at around Rs 40 and with the decontrol coming in to place, we feel it is a no-brainer from current levels.

Source : http://www.moneycontrol.com/news/stocks-views/multibagger-ideas-tater-betsnmdcshree-renuka-sugars_827251.html

Monday, January 21, 2013

Eclerx - The Next Big Returns

Business Profile
eClerx provides data analytics and customized process solutions to global enterprise clients. It was originally incorporated as a private limited company on March 24, 2000 and converted to a public limited company with the present name on Aug. 28, 2007.

The company`s portfolio of services comprises data analytics, operations management, metrics management, data audits and reporting services. It provides service solutions using a mix of custom-designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. Current customer programs include online marketing support, global program for price monitoring and analytics, financial contract risk management, online bookstore build, catalogue management services, and user manual content development. Services are rendered to clients in the financial services, retail and manufacturing industries.

The development centers of the company are located in Fort, Sewri and Ghatkopar, all in Mumbai. The company was rated among the Top 20 companies to watch by Business Today magazine in the last three years, amongst a list that included some of the largest Indian companies. It is an active member of industry bodies such as the PPS, Internet Retailer and ISDA. In 2007, the company launched DTCC warehousing support for global banks, which allows banks to move legacy trades to DTCC`s Trade Information Warehouse (TIW) streamlining operational procedures around their historic credit portfolios while reducing their operational risk.

The company has its operations in India, UK, USA and Ireland. The registered and corporate office of the company is located at Sonawalla Building, First Floor, 29 Bank Street, Fort, Mumbai-400023.

Financials
The company announced rise of 2.98% in consolidated net profit on y-o-y basis to Rs 304.13 million, while total income increased 24.58% y-o-y basis to Rs 1.22 billion for the quarter ended March 2012.

Recent Developments
13-APR-12
eClerx Services, through its wholly owned subsidiary eClerx Investments has announced the acquisition of Agilyst, a niche operational and analytics company serving the US Media industry for an undisclosed amount. eClerx has signed definitive agreement with Agilyst.

24-JAN-12
eClerx Services has posted consolidated net profit after minority interest of Rs 499.48 million for the quarter ended Dec. 31, 2011 as compared to Rs 359.81 million for the quarter ended Dec. 31, 2010, representing an increase of 38.82%.

19-OCT-11
eClerx Services has posted consolidated net profit of Rs 442.44 million for the quarter ended September 30, 2011 as compared to Rs 276.09 million for the quarter ended September 30, 2010, representing a increase of 60.25%.

18-MAY-11
eClerx Services has posted a net profit of Rs 295.33 million for the quarter ended Mar. 31, 2011 as compared to Rs 242.34 million for the quarter ended Mar. 31, 2010, reflecting rise of 21.87%.

28-MAR-11
Credit rating agency, CRISIL Equities has assigned a CRISIL IER fundamental grade of 4/5 (pronounced four on five) to eClerx Services (eClerx). The grade indicates that the company`s fundamentals are `superior` relative to other listed equity securities in India.

21-OCT-10
eClerx Services, India`s first publicly-listed KPO today announced its consolidated results for first half of fiscal 2011. Profit after tax (PAT) for the half year ended Sep. 30, 2010 was Rs 569 million compared with Rs 280 million in the corresponding period in the previous year, a growth of 2.03 times YoY.

21-OCT-10
eClerx Services announced a surge of 71.79% in standalone net profit on y-o-y basis to Rs 272.27 million, while net sales rose 31.84% y-o-y basis to Rs 821.65 million for the quarter ended September 2010.

07-JUL-10
eClerx Services today announced that it hasstarted operations from today at its new delivery centre situated at Mindspace-Airoli , Kalwa Trans Thane Creek Industrial Area, MIDC, Thane (Airoli Facility).

Future Plans
The company will use the proceeds from the initial public offering (IPO) for fund acquisitions, infrastructure investments, and to set up additional facilities.

Thursday, April 12, 2012

BALAJI AMINES LTD.

Balaji Amines Ltd has informed BSE that the Company have fully commissioned its Chemical Plant on March 15, 2012 for the manufacture of Methyl Amines (Mono-Di-Tri) with the capacity of 100 M.T. per day.

http://www.bseindia.com/stockinfo/anndet.aspx?newsid=1baa21de-52ff-4e53-bd16-8e18beeb4eca

Thursday, March 1, 2012

CRISIL assigns fair value of Rs 200 to Technofab Engg

CRISIL Research has come out with its report on Technofab Engineering . The research firm has initiated coverage on the company with a fundamental grade of 3/5 and assigned a valuation grade of 5/5, in its February 29, 2012 report.

Delhi-based EPC player Technofab Engineering Ltd (Technofab) has carved out a niche for itself in power, water, oil & gas and industrial infrastructure. It has a strong clientele and has been getting repeat orders from clients like NTPC , BHEL and NPCIL. A well-diversified order book of Rs 10.2 bn (2.8x TTM revenues), low gearing (due to IPO in June 2010) and low inventory days place Technofab on a strong footing in the industry. The company has also been focussing on overseas markets and has seen good traction in order flows from these markets. However, we believe this exposes it to logistic challenges. CRISIL Research assigns Technofab a fundamental grade of 3/5, indicating that its fundamentals are good relative to other listed securities in India.

Order book (2.8x TTM revenues) provides healthy revenue visibility

Technofab's current order book is Rs 10.2 bn (2.8x TTM revenues), which provides strong revenue visibility for the next 24-30 months. The order book has been boosted by strong order intake in the year till date, which has been particularly robust as it has received orders worth ~Rs 7.4 bn compared to ~Rs 4.5 bn in entire FY11. However, ~15% of the order book is slow/non-moving.

Varied order book limits concentration risk but overseas risk exists

Technofab's order book is well diversified across segments - power (45%), water (23%), oil & gas (14%), industrial infrastructure (14%) and electrical (4%). Also, ~50% of its current order book comprises overseas markets in Africa (Ghana, Mozambique, Ethiopia, Zambia, Kenya, and Malawi) and the Asia-Pacific region (Bangladesh and Fiji) which shields the company from a domestic slowdown. However, the company could face inherent political risks and logistical challenges.

Low gearing - one of the lowest in the industry

As of September 2011, Technofab's gearing was 0.2x, low compared to peers' average of 2.1x, following the IPO in July 2010. A comfortable balance sheet with low gearing provides ample room for Technofab to fund future growth without the need for equity dilution.

Revenues to grow at a three-year CAGR of 26%

We expect revenues to register a three-year CAGR of 26% to Rs 5.8 bn in FY14 driven by a strong order book. EBITDA margin is expected to increase marginally by 20 bps in FY13 to 13% and remain at a similar level in FY14. Adjusted PAT is expected to increase at a CAGR of 18% to Rs 419 mn in FY14. EPS is expected to increase from Rs 24.6 in FY11 to Rs 40.0 in FY14.

Valuations - current market price has strong upside

We have used the price-to-earnings (P/E) method to value Technofab and have assigned a multiple of 5x to FY14 earnings. Accordingly, we have arrived at a fair value of Rs 200 per share. At the current market price, we initiate coverage on Technofab with a valuation grade of 5/5.

To read the full report click on the attachment on the link

http://www.moneycontrol.com/news/crisilresearch/crisilassignsfairvaluers200totechnofabengg_675463.html

Disclaimer: This report (Report) has been commissioned by the Company/Investor/Exchange and prepared by CRISIL. The report is based on data publicly available or from sources considered reliable by CRISIL (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. Opinions expressed herein are CRISIL's opinions as on the date of this Report. The Data / Report are subject to change without any prior notice. Nothing in this Report constitutes investment, legal, accounting or tax advice or any solicitation, whatsoever. The Report is not a recommendation to buy / sell or hold any securities of the Company. CRISIL especially states that it has no financial liability, whatsoever, to the subscribers / users of this Report. This Report is for the personal information of the authorized recipient only. This Report should not be reproduced or redistributed or communicated directly or indirectly in any form to any other person or published or copied in whole or in part especially outside India, for any purpose.

Source: Moneycontrol

Disclaimer

This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.

The information contained herein is from publicly available data or other sources believed to be reliable. While I would endeavour to update the information herein on reasonable basis, I am under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent me from doing so. I do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. I do not undertake to advise you as to any change of my views. I may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject me to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. I may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. I may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall I or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.