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