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Thursday, November 25, 2010

Fw: Eagle Eye: Extension

 

 
Eagle Eye (equities)
[For November 26, 2010]
 Summary of Contents
 
PUNTER'S CALL
 

Extension
The Nifty slipped again forming lower lows, which is a concern for the market going forward...


SMART CHART CALLS
 


MOMENTUM CALLS
 


Click here to read report: EagleEye
 

 
Regards,
The Sharekhan Research Team
myaccount@sharekhan.com

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Fwd: Bombay Stock Exchange-IPF Sponsored Research Reports

 
Bombay Stock Exchange has introduced its Sponsored Research Initiative to address the needs of its listed companies and their investors. Under the Initiative, each participating company will be covered by empanelled research houses and research reports generated will be available free of charge. Check this page for more research reports.
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For any queries/suggestions kindly write to us at: independent.research@bseindia.com

Regards,
Independent Research Cell

Source:bseindia.com

Wednesday, November 24, 2010

Fw: Investor's Eye: Update - M&M (Ssangyong deal to strengthen luxury portfolio)



Sharekhan Investor's Eye
 
Investor's Eye
[November 24, 2010] 
Summary of Contents

STOCK UPDATE

Mahindra & Mahindra
Cluster: Apple Green
Recommendation: Hold
Price target: Rs809
Current market price: Rs785

Ssangyong deal to strengthen luxury portfolio 
Mahindra and Mahindra (M&M) has signed a definitive agreement with South Korea?s Ssangyong Motor Company (Ssangyong) to acquire a 70% stake in the latter for $463 million (approximately Rs2,080 crore) of which $378 million (approximately Rs1,700 crore) is from new stocks and $85 million (approximately Rs380 crore) from corporate bonds. The acquisition will be finalised by March 2011. Ssangyong would utilise the money to repay debt.

We maintain our Hold recommendation and price target for M&M. We expect its automotive volumes (including pick-ups) to grow by 29% and tractor volumes to grow by 10.8% in FY2011. Our sum-of-the-parts (SOTP) valuation target for M&M is Rs809 per share (the core business is valued at 13x FY2012 earnings and the subsidiaries are valued at Rs140 per share).  


Click here to read report: Investor's Eye  


Regards,
The Sharekhan Research Team
myaccount@sharekhan.com 

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Fw: IPO Flash: MOIL



Sharekhan Investor's Eye
 
IPO Flash 
[November 24, 2010]
Summary of Contents
 
IPO FLASH

Please find the IPO Flash on MOIL dated November 24, 2010.


Click here to read report: MOIL



 

Regards,
The Sharekhan Research Team
myaccount@sharekhan.com

Fw: IPO Note: Manganese Ore India Ltd (MOIL) – Subscribe

 

IPO Note: Manganese Ore India Ltd (MOIL) – Subscribe

Price band Rs340-375

 

MOIL has over four decades of experience in manganese ore mining operations. It enjoys a near monopoly with a dominant 50% share in the domestic manganese production and is also one of the lowest cost producers of manganese ore in the world. MOIL was conferred with 'Mini Ratna' status by Government of India in FY08. A debt-free company, it has a healthy balance sheet with strong cash flows. As on H1 FY11, its cash balance stood at Rs17.6bn, which translates into Rs105 per share. It has witnessed revenue and PAT CAGR of 31% and 42% respectively, over the last four years. Presently, it is enjoying OPM of 70.3% and PAT margin of 52.1%. We recommend investors to 'SUBSCRIBE' the issue.

 

  http://content.indiainfoline.com/wc/research/researchreports/MOIL_241110.pdf