Sensex

Friday, December 31, 2010

Fw: Investor's Eye: Update - GCPL (Management interaction note); Viewpoint - Elecon Engineering (Capex revival to drive growth in future)

 

Sharekhan Investor's Eye
 
Investor's Eye
[December 30, 2010] 
Summary of Contents

STOCK UPDATE 

Godrej Consumer Products
Cluster: Apple Green
Recommendation: Hold
Price target: Rs443
Current market price: Rs389

Management interaction note
The recovery in the sales growth of the domestic soap segment, the sustenance of the strong growth in the domestic household insecticide business and the good revenue growth in the recent international acquisitions provide visibility of a better performance in the coming quarters. We maintain our earnings estimates for FY2011 and FY2012, and will review the same after the announcement of the Q3FY2011 results. At the current market price the stock trades at 27.9x its FY2011E earnings per share (EPS) of Rs13.9 and 21.1x its FY2012E EPS of Rs18.4. We maintain our Hold recommendation on the stock with a price target of Rs443.

VIEWPOINT 

Elecon Engineering Company 

Capex revival to drive growth in future

  • We recently met the management of Elecon Engineering Company (Elecon) and visited the company?s manufacturing plant at Vallabh Vidyanagar in Gujarat. The company is a leading manufacturer of material handling equipment (MHE) and industrial gears. 
  • While the company is having a diversified clientele portfolio and sector exposure, the demand for the majority of its products is heavily reliant on the industrial capital expenditure (capex) cycle. Consequently, the company had witnessed a slowdown in order booking during FY2010. However, with the uptick in the capex cycle, the company is witnessing a very good demand for its products in the current fiscal. 
  • The revival in the capex cycle has augured well for the company and would drive a 20-25% growth in the company?s business in FY2011. Its entry into the BoP segment would boost its order inflow, though more clarity is needed on the venture. The restructuring of its loan portfolio helped in reducing its debt cost in H1FY2011; however, the mobilisation of term loans to finance its Benzler-Radicon acquisition would increase the company?s interest cost towards the end of FY2011. Trading at 8.1x on consensus estimate, the Elecon stock is offering a 15-20% discount to its peers like TRF and TIL. We currently don?t have any rating on the stock.
 
Click here to read report: Investor's Eye  

Regards,
The Sharekhan Research Team 		myaccount@sharekhan.com 

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Posted by nsivaa at 4:57 AM 0 comments

Thursday, December 30, 2010

**[investwise]** (unknown)

 

http://lucfaubert.com/blog/wp-content/themes/default/images.html

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Recent Activity:
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INVESTMENTS IN INDIA
We are low-risk, long-term investors. 

Stocks, mutual funds and the entire investment gamut.  Only financing/investment avenues in India will be discussed. 

For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in

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NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.

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Posted by nsivaa at 8:36 PM 0 comments

**[investwise]** here the lastest posts...

 

The BIG Idea™

here the lastest posts:

WikiLeaks is an international new media non-profit organization that publishes submissions of otherwise unavailable documents from anonymous news sources and leaks and other information to the public worldwide. Its website, launched in 2006, is run by The Sunshine Press. Its founder is Julian Assange. Within a year of its launch, the site claimed a database[READ THE FULL POST]
 
First let us see What is Anti Dumping Duty? The purpose of levying Anti-Dumping Duty on imported goods is to maintain a level playing field and prevent domestic industry from dumping of goods from outside market, while allowing healthy competition. Dumping is a well known method of UNFAIR COMPETITION which is adopted by foreign companies. [READ THE FULL POST]
 
Income tax department has directed it to get its accounts audited for assessment years 2002/03 and 2007/08. In August, Mahindra Satyam announced its first earnings results in nearly two years after a massive false accounting scandal that threatened its future. FY-10 total sales stood at Rs 5481 crore. The company suffered a loss of Rs [READ THE FULL POST]
 
194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of— (a)   fees for professional services, or (b)   fees for technical services, shall, at the time of credit of such sum to the account of the payee or at the [READ THE FULL POST]
 
Cost audit, which is a system of government scrutiny into a company's production cost and profit margins, is currently mandated for only 44 products in sectors like manufacturing, mining and services. The Cost Audit Branch (CAB), a department under the ministry of corporate affairs, in an order issued last week, has asked 115 companies to [READ THE FULL POST]
 
A crisis is staring the Andhra Pradesh government in the face, following the decision of 11 Congress MPs from Telangana to go on an indefinite hunger strike, asking the government to withdraw all cases against those who took part in the campaign for a separate Telangana state. The students facing charges are largely from Osmania [READ THE FULL POST]
 
Under the extant policy, investments into most sectors fall under the automatic route. Such investments require no prior permission of the government or any regulator and the Indian company receiving the foreign investment is only required to intimate the RBI of any such investment. But some sectors still require prior government approval and most sectors [READ THE FULL POST]
 
Anantha Narayan, Co-Head of Equities at ICICI Securities Limited said he sees the Sensex at 23700 by the end of 2011. He, however, does not expect any positive surprises in this quarter. Narayan said that the rise in input and interest costs needed to be watched closely and feels that political hurdles could impact market [READ THE FULL POST]
 
Deepak Fertilisers Despite sluggish second-quarter results in 2010-11 (FY11), Deepak's revenue and earnings estimate have been revised upwards for FY11 and FY12, largely due to the timely commissioning of its new 300 kt technical ammonium nitrate plant. This is a difficult-to-make speciality chemical used in making low-cost explosives used mostly for coal and stone mining. [READ THE FULL POST]


Recent Comments


__._,_.___
Recent Activity:
*****************************************
http://in.groups.yahoo.com/group/investwise/

INVESTMENTS IN INDIA
We are low-risk, long-term investors. 

Stocks, mutual funds and the entire investment gamut.  Only financing/investment avenues in India will be discussed. 

For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in

****************************************************************

NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.

NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.

****************************************************************
.

__,_._,___
Posted by nsivaa at 9:40 AM 0 comments

Saturday, December 25, 2010

Fw: Attractive investment opportunity with Life Insurance cover

 
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Insurance is the subject matter of solicitation.  

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Posted by nsivaa at 3:35 AM 0 comments

Friday, December 24, 2010

Fw: High Noon: A narrow range


 

Sharekhan Investor's Eye
 
High Noon
[December 24, 2010]
 Summary of Contents
 
PUNTER'S CALL

A narrow range
The Nifty is unable to surpass its previous swing?s high, thereby forming lower tops and higher bottoms which will eventually result in a triangle...


SMART CHART CALLS
 
 
MOMENTUM CALLS
 
Click here to read report: Highnoon
 

 

 

 
Regards,
The Sharekhan Research Team 		myaccount@sharekhan.com

Manage your newsletter subscriptions

 

Posted by nsivaa at 1:56 AM 0 comments
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