BSEIndia: All Stock Market News: 03/26/07

Monday, March 26, 2007

$$ DreamGains !! $$ Hidden Gems By Ashish Chugh - 27th Mar 2007

March 27, 2007

Godfrey Phillips India Ltd.

CMP - Rs. 1140 NSE Symbol - GODFRYPHLP BSE Code -500163

Strong Bonus Candidate

Godfrey Phillips is today the second largest player in the Indian cigarette industry (after ITC) and owns popular cigarette brands like Red and White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. The company has made new launches and brand variants in recent years - I-Gen, premium brand targeted at free spirited youth and has unisexual appeal; Four Square Lights;

The company was promoted in 1936 by Godfrey Philips, London has business presence in manufacture and marketing of Cigarettes and branded tea. The company is now a part of KK Modi Group of companies. Phillips Morris, a major cigarette producer in the world had acquired full ownership in GPIL through its wholly owned subsidiary Phillips Morris International Financila Corporation(PMIFC). Then in 1979 PMIFC along with five other Non-resident Foreign Shareholders reduced their shareholding in GPIL to a level not more than 40%. Presently Phillips Morris holds 35.93% stake in GPIL. The KK Modi group also holds around 36%, taking the total promoters holding to 72%.

The company has its manufacturing facilities located in Ghaziabad (near Delhi) and in Andheri (in Mumbai), a state of the art R&D centre in Mumbai. The company has a tobacco-buying unit in Guntur (Andhra Pradesh). The company's factory at Andheri, Mumbai has been awarded a certificate of ISO 14001. The certification takes into account the Environmental Management System in place in the factory enabling it to conserve natural resources. During 2004-05, the company set up a new pilot Research & Development plant in Andheri factory. The R&D facility is recognized by the Department of Science & Technology, Government of India, and is one of a kind in India. Godfrey Phillips has for the last 10 years used the Haichi-Ban, 5S, Kaizen Teian (a continuous improvement programme) & TQM (Total Quality Management) procedures.

In 1987, it diversified into the blending and manufacture of branded tea at Guntur, Andhra Pradesh. In 1987, the company commenced the sale of specially blended and branded loose tea from an exclusive franchised outlet called Tea City, in Delhi. Distribution network for Tea City was further expanded to Bihar, Madhya Pradesh, Andhra Pradesh and Rajasthan.

During 2004-05, the company expanded its installed capacity of Cigarettes by 109 million Nos., and the installed capacity of cigarettes increased to 3377 million Nos.

Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets

Financials

The latest financials of the company are as follows :-


QUARTERLY - LATEST RESULTS - Godfrey Phillips India Ltd (Curr: Rs in Cr.)

Particulars	Quarter Ended (Dec 06)	Quarter Ended (Dec 05)	Quarter Ended (% Var)	YTD (Dec 06)	YTD (Dec 05)	YTD (% Var)	Year Ended (Mar 06) (12)	Year Ended (Mar 05) (12)	Year Ended (%Var)
Sales	193.11	170.01	13.6	555.64	496.93	11.8	670.11	685.49	-2.2
Other Income	8.07	6.45	25.1	32	60.35	-47	59.64	29.68	100.9
PBIDT	39.88	34.75	14.8	122.6	107.63	13.9	120.84	122.22	-1.1
Interest	0.72	0.9	-20	2.25	2.1	7.1	2.78	5.72	-51.4
PBDT	39.16	33.85	15.7	120.35	105.53	14	118.06	116.5	1.3
Depreciation	4.74	4.63	2.4	14.14	12.91	9.5	18.37	16.55	11
PBT	34.42	29.22	17.8	106.21	92.62	14.7	99.69	99.95	-0.3
Tax	13.31	11.45	16.2	36.56	35.71	2.4	39.56	36.35	8.8
Deferred Tax	0	0	-	0	0	0	0	0	-
PAT	21.11	17.77	18.8	69.65	56.91	22.4	60.13	63.6	-5.5

Latest Data As On 26/03/2007
Latest Equity(Subscribed)	10.4
Latest Reserve	347.7
Latest Bookvalue -Unit Curr.	344.33
Latest EPS -Unit Curr.	68.62
Latest Market Price -Unit Curr.	1140
Latest P/E Ratio	16.52
52 Week High -Unit Curr.	1650
52 Week High-Date	4/7/2006
52 Week Low -Unit Curr.	1000
52 Week Low-Date	11/23/2006
Market Capitalisation	1178.84
Stock Exchange	BSE
Dividend Yield -%	1.99

Conclusion

Godfrey Phillips is part owned by Philip Morris, one of the largest tobacco companies in the world - manufacturing and selling many of the world's best-selling cigarette brands including Marlboro and Virginia Slims . The company has achieved consistent growth year on year and has also increased the dividend payouts every year - the latest being 225% for FY 05-06. The recent imposition of VAT will be a short term dampener for the stock, however cigarette companies have the ability to pass on the cost to the customer without a significant fall in demand. The company has achieved an increase of 12% in its topline and 22% in bottomline in the first 9 months of the current FY. For full year, we expect the PAT at Rs.85 crores which would lead to an EPS of Rs.85. One can expect higher dividend on the back of higher earnings.

With its small Equity Capital of Rs.10 crores and Sales revenues of around Rs.700 crores, the company enjoys a high Sales to Equity ratio. The company has over Rs.200 crores invested in units of various Mutual Funds. With the current year profits, the Book Value of the company will jump to over Rs.400. The company thus is a very strong BONUS CANDIDATE.

Investors can accumulate the stock at the current price and on declines.

__._,_.___

Messages in this topic (1) Reply (via web post) | Start a new topic

Messages | Database | Polls | Calendar

Regards

BigGains !!

Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated March 26, 2007

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Monday, March 26, 2007 4:39 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 26, 2007

Sharekhan's daily newsletter

Visit us at www.sharekhan.com

March 26, 2007

Index Performance

Index	Sensex	Nifty
Open	13,345.73	3,863.45
High	13,345.73	3,885.45
Low	13,090.80	3,768.25
Today's Cls	13,124.32	3,819.95
Prev Cls	13,285.93	3,861.05
Change	-161.61	-41.10
% Change	-1.22	-1.06

Market Indicators

Top Movers (Group A)
Company	Price (Rs)	% chg
Gainers
Balaji Telefilms	123.45	4.62
Corporation Bank	303.50	3.85
Dena Bank	35.00	3.55
Godrej Consumer	148.95	3.55
Thermax	389.00	3.44
Losers
Syndicate Bank	65.40	-4.94
LIC Housing Finance	144.70	-4.74
Tata Motors	753.85	-4.51
Birla Corporation	189.95	-4.45
CMC	1,265.00	-4.45

Market Statistics
-	BSE	NSE
Advances	843	435
Declines	1,740	897
Unchanged	60	38
Volume(Nos)	20.05cr	33.14cr

Market Commentary

Market slips 162 points

The Sensex shed over 1% on selling in select heavyweight, auto and banking stocks.

The market continued to move down for the second consecutive session. The Sensex opened in positive territory on firm Asian markets and buying interest

in cement, sugar and banking stocks. The sugar stocks moved up on reports that the government plans to give export incentives to mills that export the sweetener. However the Sensex slipped into negative territory on selling in front-line and auto stocks. A surge in the crude oil prices on rising global political tensions over Iran's nuclear programme kept the auto stocks in the red. The selling in banking, auto and information technology stocks dragged the Sensex to an intra-day low of 13091, down 195 points. The Sensex finally ended the session at 13124, down 162 points. The Nifty closed at 3820, down 41 points.

Movers & Shakers

Punj Lloyd gained on reports that its subsidiary will construct 325 villas in Bahrain at a cost of Rs542 crore.
Nagarjuna Construction Company closed in the red despite securing three orders worth Rs302 crore.
Glenmark Pharmaceuticals rallied sharply on reports that its subsidiary has acquired a majority stake in Medicamenta.
Godrej Consumer surged on reports that it has formed a joint venture with a Swedish company to manufacture & market sanitary napkins and baby diapers in India, Nepal and Bhutan.

The breadth of the market was negative. Of the 2,643 stocks traded on the BSE, 1,740 stocks declined, 843 stocks advanced and 60 stocks ended unchanged. All the sectoral indices ended in the red. The BSE Auto Index was the biggest loser and shed 1.78% at 4950 followed by the BSE Bankex (down 1.98% at 6687) and the BSE IT Index (down 1.15% at 5009).

Among the laggards Tata Motors was down 4.51% at Rs754, HDFC Bank declined 3.58% at Rs976, Maruti Udyog shed 2.48% at Rs819, Wipro dropped 2.45% at Rs586, TCS lost 2.19% at Rs1,261 and Reliance Energy fell 2.16% at Rs476. However, select heavyweights attracted some buying support. Satyam Computers gained 1.73% at Rs472 and ONGC rose 1.18% at Rs853. Tata Steel and Reliance Communications ended with the marginal gains.

Select auto and auto ancillary stocks witnessed considerable selling pressure. Kirloskar Oil Engineers dropped 2.97% at Rs231, Sundaram Fastners lost 2.53% at Rs66, Apollo Tyres declined 1.85% at Rs265, Bharat Forge slipped 1.78% at Rs317 and Hero Honda was down 1.72% at Rs668.

Over 49.37 lakh Reliance Petroleum shares changed hands on the BSE followed by Reliance Communications (30.50 lakh shares), Idea Cellular (15.76 lakh shares), Cairn India (12.17 lakh shares) and ITC (11.78 lakh shares).

Reliance Communications topped the value list with a turnover of Rs130 crore on the BSE followed by Infosys (Rs53 crore), Reliance Industries (Rs51 crore), Century Textiles (Rs50 crore) and TCS (Rs41 crore).

European Indices at 16:32 IST on 26-03-2007

Index	Level	Change (pts)	Change (%)
FTSE 100	6345.30	5.90	0.09
CAC 40 Index	5620.56	-14.19	-0.25
DAX Index	6893.06	-6.00	-0.09

Asian Indices at close on 26-03-2007

Index	Level	Change (pts)	Change (%)
Nikkei 225	17521.96	41.35	0.24
Hang Seng Index	19765.85	73.21	0.37
Kospi Index	1449.77	2.39	0.17
Straits Times Index	3204.55	-1.27	-0.04
Jakarta Composite Index	1813.72	7.76	0.43

“This document has been prepared by Sharekhan Ltd. 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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We 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. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan 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 SHAREKHAN and affiliates 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.
SHAREKHAN & affiliates 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. SHAREKHAN 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 SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

To unsubscribe write to myaccount@sharekhan.com

__._,_.___

Messages in this topic (1) Reply (via web post) | Start a new topic

Messages | Database | Polls | Calendar

Regards

BigGains !!

Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___

$$ DreamGains !! $$ FW: PowerYourTrade Trading Calls

From: mailer8-bounces@mailman.moneycontrol.com [mailto:mailer8-bounces@mailman.moneycontrol.com] On Behalf Of PowerYourTrade
Sent: Monday, March 26, 2007 11:20 AM
To: alerts@poweryourtrade.com
Subject: PowerYourTrade Trading Calls

Trading Calls for 26th March 2007

Deepak Mohoni

Buy Educomp Solutions above Rs 1005 with stop loss below Rs 980; This is a day-trading recommendation

Buy Educomp Solutions above Rs 1005 with stop loss below Rs 980; This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0955 hours, 26th March 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Buy Hotel Leela above Rs 57 with stop loss below Rs 56; This is a day-trading recommendation.

Buy Hotel Leela above Rs 57 with stop loss below Rs 56; This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0955 hours, 26th March 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Rajat K Bose

Buy UTI Bank around last close with stop loss below Rs 509 for target of Rs 537.50-549-560; This is a day-trading recommendation

Buy UTI Bank around last close with stop loss below Rs 509 for target of Rs 537.50-549-560; This is a day-trading recommendation.

Note:Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

All prices relate to the NSE, unless otherwise mentioned.

Calls are based on the previous trading day's price activity.

The call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

Buy Hinduja TMT around last close with stop loss below Rs 589 for target of Rs 625-638; This is a day-trading recommendation

Buy Hinduja TMT around last close with stop loss below Rs 589 for target of Rs 625-638. This is a day-trading recommendation.

Note:Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

All prices relate to the NSE, unless otherwise mentioned.

Calls are based on the previous trading day's price activity.

The call is valid for the next trading session only unless otherwise mentioned.