Monday, April 13, 2009

Stock Idea: Mastek Ltd.

Mastek Ltd. having posted its Q3 results for quarter ending March 09, has posted flat results, if analysed on YoY basis but has disappointed on QoQ.
Total income for Q3 is placed at Rs .233 crores against Rs.251 crores of Q2 while PAT has been at Rs. 33.38 cr. for Q3 against Rs.31.33 crores of Q2. But Q2 had a forex loss of Rs. 11.73 crores while Q3 has a forex gain of Rs. 2.03 crores. Culprit for the quarter seems to be its UK operations, where EBIT sharply fell to Rs. 37.50 crores on topline of Rs. 105 crores against Rs. 54 crores on topline of Rs. 117 crores in the corresponding quarter of the previous year.
However, Share price having taken a beating to Rs. 97 on 13th March 09 is now finding value and has moved to Rs. 146, post results. EPS of Rs. 12.41 for Q3 and Rs. 39.33 for 9 months ending March 09 makes the stock affordable and attractive at a PE multiple of less than 3 times.
Though all mid cap IT stocks have the same fate on valuations front, this stock looks attractive, which can move to 170 levels, by the time company will announce its Q4 results.
Source: S P Tulsian.com

Intraday Trading Calls for 13th April

Stock Market India may open Positive but will trade in small range and see some profit booking at higher levels.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

SCI

(523598)

Buy Above

89.55

93.10

96.00

Sell Below

87.40

84.25

80.00

MICRO TECHN

(532494)

Buy Above

91.25

96.45

102.00

Sell Below

88.35

85.15

82.00

BAJAJ HIND

Buy Above

61.65

63.55

66.00

Sell Below

60.10

58.45

56.00

KS OILS

Buy Above

47.70

50.10

53.00

Sell Below

46.35

44.55

42.00

RENUKA SUGAR

Buy Above

105.80

110.25

115.00

Sell Below

103.45

100.10

96.00

JVL AGRO

(519248)

Buy Above

70.75

75.20

80.00

Sell Below

68.40

65.15

62.00

Walchandnagar

Industries

Buy Above

110.60

116.25

122.00

Sell Below

107.45

103.40

98.00

Short to Med Term Delivery Buy:

MAN INDUSTRIES (513269) CMP Rs. 28/- Target Rs. 38-45/-

GOOD LUCK

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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