VIKAS PARSHURAM SAMWATSAREBIG BOSS
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Kajaria Ceramics
Recommendation: Buy
Market Price: Rs 120
Target Price: Rs 147
Kajaria's business model has made it one of the largest players in this segment. The company's pan-India distribution network is another strength. The company is entering new avenues through various collaborations. At CMP, the company is trading at 7.2x and 5.56x FY12E and FY13E, respectively.
Market Price: Rs 120
Target Price: Rs 147
Kajaria's business model has made it one of the largest players in this segment. The company's pan-India distribution network is another strength. The company is entering new avenues through various collaborations. At CMP, the company is trading at 7.2x and 5.56x FY12E and FY13E, respectively.
Jagran Prakashan
Recommendation: Buy
Market Price: Rs 120
Target Price: Rs 147
The media and entertainment industry in India is likely to grow at ~13% CAGR over 2009-2013. The acquisition of Mid Day would help Jagran to grow beyond the Hindi newsprint business, thereby geographically derisking the business of the company. It is currently trading at 19.2x FY12E earnings.
Market Price: Rs 120
Target Price: Rs 147
The media and entertainment industry in India is likely to grow at ~13% CAGR over 2009-2013. The acquisition of Mid Day would help Jagran to grow beyond the Hindi newsprint business, thereby geographically derisking the business of the company. It is currently trading at 19.2x FY12E earnings.
Coromandel Intl
Recommendation: Buy
Market Price: Rs 307.95
Target Price: Rs 384
Thew company's successful organic growth through various joint ventures, acquisitions and tie ups as well as capacity expansion plans on track make the outlook for the company positive. The stock trades at a P/E of 12.3x and 10.5x for FY12E and FY13E, respectively. The target price is Rs 384.
Market Price: Rs 307.95
Target Price: Rs 384
Thew company's successful organic growth through various joint ventures, acquisitions and tie ups as well as capacity expansion plans on track make the outlook for the company positive. The stock trades at a P/E of 12.3x and 10.5x for FY12E and FY13E, respectively. The target price is Rs 384.
Sintex Industries
Recommendation: Buy
Market Price: Rs 180.10
Target Price: Rs 217
Sintex's acquisitions in the composites segment have strengthened the company's position by giving it access to technology and customers. It has also been in the process of restructuring subsidiaries, which should enhance value going forward. The stock trades at a P/E of 8.8x to its FY12E earnings.
Market Price: Rs 180.10
Target Price: Rs 217
Sintex's acquisitions in the composites segment have strengthened the company's position by giving it access to technology and customers. It has also been in the process of restructuring subsidiaries, which should enhance value going forward. The stock trades at a P/E of 8.8x to its FY12E earnings.
IVRCL
Recommendation: Buy
Market Price: Rs 69.25
Target Price: Rs 102
The company currently has an order book of over Rs 24,000 crore. The stock is currently trading at 13.1x and 10x for FY11E (full year) and FY12E earnings of Rs 6.6o and Rs 8.70, respectively. The performance of the company should start reflecting from Q4FY11 and in FY12 onwards.
Market Price: Rs 69.25
Target Price: Rs 102
The company currently has an order book of over Rs 24,000 crore. The stock is currently trading at 13.1x and 10x for FY11E (full year) and FY12E earnings of Rs 6.6o and Rs 8.70, respectively. The performance of the company should start reflecting from Q4FY11 and in FY12 onwards.
HCC
Recommendation: Buy
Positive
Last Close: Rs 21.40
Target: Rs 34.30
Stop Loss: Rs 29.50
It has formed a bullish engulfing Japanese candlestick pattern at 161.8% Fibonacci retracement level. There is a positive divergence in RSI on weekly charts. Buy this stock on a decline up to Rs 30.40 in the coming 1-2 weeks.
Positive
Last Close: Rs 21.40
Target: Rs 34.30
Stop Loss: Rs 29.50
It has formed a bullish engulfing Japanese candlestick pattern at 161.8% Fibonacci retracement level. There is a positive divergence in RSI on weekly charts. Buy this stock on a decline up to Rs 30.40 in the coming 1-2 weeks.
Aban Offshore
Recommendation: Buy
Positive
Last Close: Rs 560.90
Target: Rs 592
Stop Loss: Rs 554
On hourly charts, the stock is forming a bullish flag pattern, which will be confirmed above Rs 565. Momentum oscillators on daily charts suggest upside move. We advise buying the stock only above Rs 565 in the coming 1-2 weeks.
Positive
Last Close: Rs 560.90
Target: Rs 592
Stop Loss: Rs 554
On hourly charts, the stock is forming a bullish flag pattern, which will be confirmed above Rs 565. Momentum oscillators on daily charts suggest upside move. We advise buying the stock only above Rs 565 in the coming 1-2 weeks.
LIC Housing Finance
Recommendation: Buy
Positive
Last Close: Rs 222.25
Target: Rs 236
Stop Loss: Rs 214.50
On daily charts, the stock has given a breakout from the inverse head and shoulder price pattern with a rise in volumes. We advise buying the stock on declines up to Rs219 in the coming 1-2 weeks.
Positive
Last Close: Rs 222.25
Target: Rs 236
Stop Loss: Rs 214.50
On daily charts, the stock has given a breakout from the inverse head and shoulder price pattern with a rise in volumes. We advise buying the stock on declines up to Rs219 in the coming 1-2 weeks.
Dena Bank
Recommendation: Buy
Positive
Last Close: Rs 89.65
Target: Rs 96
Stop Loss: Rs 87.50
On weekly charts, the stock has formed a dragon fly doji Japanese candle stick pattern, which indicates possibility of a positive movement. Momentum oscillators on daily charts are positively poised. Buy only above Rs 90 in the coming 1 - 2 Weeks.
Positive
Last Close: Rs 89.65
Target: Rs 96
Stop Loss: Rs 87.50
On weekly charts, the stock has formed a dragon fly doji Japanese candle stick pattern, which indicates possibility of a positive movement. Momentum oscillators on daily charts are positively poised. Buy only above Rs 90 in the coming 1 - 2 Weeks.
IRB Infrastructure
Recommendation: Buy
Positive
Last Close: Rs 151.85
Target: Rs 164
Stop Loss: Rs 149
The stock is taking support near its historical support level of Rs 145. Momentum oscillators on daily charts suggest an upmove is likely. We advise buying the stock only above Rs153.30 for a target of Rs 164 in the coming 1-2 weeks.
Positive
Last Close: Rs 151.85
Target: Rs 164
Stop Loss: Rs 149
The stock is taking support near its historical support level of Rs 145. Momentum oscillators on daily charts suggest an upmove is likely. We advise buying the stock only above Rs153.30 for a target of Rs 164 in the coming 1-2 weeks.
WRITTEN BY VIKAS PARSHURAM SAMWATSARE AND COPYRIGHT ALSO PARSADAM My2011
