Multibagger: First Leasing Company of India

Short, Medium & Long Term Pick (Multibagger):
Buy First Leasing Company of India
BSE Code: 500145 & NSE Code: Firstlease

Market Cap: 120.22
EPS (TTM): 15.01
Face Value: 10.00
P/E : 3.51
P/C : 2.22
Book Value : 92.83
Price/Book : 0.57
Div(%) : 18.00
Div Yield(%) : 3.41
Industry P/E : 18.84

Buy for Short Term Target Rs. 75/- Medium Term Target Rs. 100/- Long Term Target Rs. 150/-.

Data Sourse: moneycontrol.com

Stock Idea: Sasken Communication Technologies Ltd.

Sasken Communication Tech. — BUY—180—INR
Sector — Software (Telecom)
Regd.Off.— 139/25, Ring Road, Domlur, Bangalore – 560071
Listed — NSE, BSE.
Company Overview—
Company was incorporated in the year 1989 to focus on products and services in the single vertical of telecom. Company caters to semi-conductor and handset makers, and OEM customers like Nortel, Nokia and Alcatel in telecom. It also has a presence among service providers. Sasken is an embedded telecom solutions company that helps businesses across the telecom value chain accelerates product development life cycles. It helps client’s speed product development through a unique combination of ready to use technology blocks and services along with unparalleled telecom experience. Some of the global Fortune 500 customers like Nortel, Nokia, Motorola etc. are part of Sasken's esteemed customer profile. Sasken employs around 3000 people at offices in India, Canada, China, Germany, Japan, Sweden, UK and the U.S. Committed to innovation, Sasken works with terminal device manufacturers, network equipment manufacturers, semiconductor vendors and network operators to help them get to market ahead of the competition and stay focused on new product development and manufacturing. With deep understanding of the telecom industry, access to current and emerging technologies, mature development processes, global resources and a proven track record, it creates complete solutions for clients succeed. Company has comprehensive range of application solutions and services, backed by a proven reputation for expert support and high quality. Company is having ISO 9001 certification and SEI CMM Level 5 recognition. Supporting development of global wireless communications Sasken works with premier technology groups including the ITU, ETSI, GCF, PTCRB, ATM Forum, DSL Forum, OFDM Forum, UWCC and the SDR Forum.
Products & Services—
Company provides services, solutions and technologies to customers across the telecom value chain. It caters to large network equipment manufacturers wireless and wireline, semiconductor manufacturers supplying to the telecom market, wireless terminal product vendors and test and measurement equipment providers, worldwide. Our Subsidiaries extend our offerings to network equipment manufacturers to service their non-embedded or non R&D outsourcing requirements. Focused on wireless embedded software for the last 16 years, Products Division of Sasken offers customers software solutions that encompass all sub-systems of the mobile phone. Managing software complexities on a mobile phone with an objective to maximizing profitability, minimizing time to market and creating phones that are differentiated that is offered by Sasken Products Division provides to customers.
Company offers services for planning, deployment and managing wireless networks to NEMs and wireless service providers. Sasken also offers software services for development and maintenance of various software components required for implementing a network support system in the field. Company has extensive experience in the wireless and wire line networks and across all software components.
Company powers the Semiconductor industry with IC Design services and Silicon Platform Software services. While the IC design Services include design, verification and integration of integrated circuits, the SPSS encompass design, testing, maintenance/sustenance and integration of software around the chips. Company also offers software development and sustenance services to Test and Measurement companies.
Valuation—
At current market price, stock is trading at 5.94 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy "Sasken Communication Technologies Limited" for medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)

Stock Idea: United Phosphorus Ltd

United Phosphorus Ltd— BUY—157—INR
Sector — Agrochemicals
Regd.Off.— A-2/1, G. I. D. C., Vapi, Valsad, Gujarat-396195
Listed — NSE, BSE.
Company overview—
United Phosphorus Ltd, formerly known as Search Chem Industries Ltd, a subsidiary of erstwhile United Phosphorous Ltd is into manufacture of Chlor alkali products, Industrial chemicals and speciality chemicals. Company was incorporated as Vishwanath Commercials on Jan 2, 1985 was originally promoted by Debisingh Shekhawat, Lalit Kumar Sharma and Associates and went public in Feb 1985. United Phosphorus acquired 75% equity in Search Chem in March 1995 and UPL acquired further shares in Aug 1995 and became the promoter of the company. Subsequent to takeover it diversified into manufacture of chemicals. The company entered into manufacture of Chlor-alkali products by commercialization of Phase I of its Caustic and Chlorine and Phosphorus Trichloride plants in 1995-96. During 1998-99, company has installed a new plant to manufacture Phosphorus Oxychloride and also installing a plant to manufacture Elemental Phosphorus as a main input of the company. Company has an agreement with General Electric Energy Plant Operations LP for operation and maintenance of power plant. During the 2004-05, company has enhanced its installed capacity of Pesticides and Pesticides Intermediates by 9940 Ton and 890 Ton. Resultant with this expansion of the total installed capacity of Pesticides and Pesticides Intermediates has increased to 28040 Ton and 17546 Ton respectively.
Products & Services—
Company is the largest producer in India of crop protection products. Company has a wide range of products include fumigants, fungicides, insecticides, rodenticides and herbicides. Company ranks fourth amongst the generic agrochemical companies in the world. It is the world's largest producer of Aluminium Phosphide, which is manufactured at one of our manufacturing sites in India and Napropamide, which is produced by one of the company's subsidiaries in the UK. Company manufactures Iso Propyl Bromide, Thi Diphenol and Other Specialty Chemicals 600 TPA, Phosphorus Pentoxide 500 TPA & Phosphorus Penta Chloride 350 TPA. Company is a leading manufacturer of chlorine and Phosphorous based industrial chemicals and speciality chemicals like Phosphorus Pentachloride, Phosphorus Trichloride, Phosphorus Oxychloride, HEDP, Tri Phenyl Phosphite, Tri Phenyl Phosphate, ATMP etc. Comapany is also into power generation. The surplus power after captive consumption is sold to Gujarat Electricity Board.
Company has plans to carry on the business of manufacturing and trading in commodities of all or Ammonium sulphate, nitrate, Ammonium nitrate, Calcium ammonium nitrate, Ammonium chloride super phosphate urea and other types of fertilizers of synthetic or natural origin containing nitrogen phosphorus or other compounds soda ash, pesticides, DDT seeds, processed seeds, concentrate for cattle or poultry feed.
Valuation—
Company is having strong presence in agro-chemical business. At current market price, stock is trading at 19.2 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy "United Phosphorus" with long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)

Intraday Trading Calls for 29th January

Indian Stock Market may open flat to negative and remains very volatile & flat for the day today.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
SASKEN COMM.	Buy Above	178.60	183.15	188.00
	Sell Below	177.15	173.20	168.00
GODREJ INDUSTRIES	Buy Above	150.00	154.75	160.00
	Sell Below	147.35	143.15	140.00
ESCORTS	Buy Above	123.70	128.25	132.00
	Sell Below	122.40	118.50	115.00
ATLANTA	Buy Above	173.75	179.45	184.00
	Sell Below	171.45	167.25	162.00
BRFL	Buy Above	207.25	212.45	218.00
	Sell Below	204.55	199.45	193.00
ANDHRA BANK	Buy Above	102.80	106.25	110.00
	Sell Below	101.15	98.10	95.00
CAIRN INDIA	Buy Above	271.25	275.05	280.00
	Sell Below	269.45	265.35	261.00

GOOD LUCK

Intraday Trading Calls for 28th January

Indian Stock Market may open positive and remains very volatile for the day today.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
SASKEN COMM.	Buy Above	173.65	179.10	184.00
	Sell Below	171.50	167.05	162.00
GODREJ INDUSTRIES	Buy Above	151.05	156.25	161.00
	Sell Below	149.35	145.65	142.00
ESCORTS	Buy Above	121.60	126.40	132.00
	Sell Below	119.05	115.70	111.00
ATLANTA	Buy Above	173.10	178.45	184.00
	Sell Below	171.05	167.25	162.00
NTPC	Buy Above	216.75	221.55	226.00
	Sell Below	215.00	211.25	207.00
IDBI	Buy Above	114.65	118.20	122.00
	Sell Below	113.30	110.45	107.00
WALCHAND NAGAR IND	Buy Above	256.25	264.60	272.00
	Sell Below	251.35	243.15	235.00

GOOD LUCK

Stock Idea: Saksoft Ltd.

Saksoft Ltd— BUY—63—INR
Sector — Software
Regd.Off.— 38, V. K. Iyer Road, Mandaveli, Chennai (T.N.) - 600028
Listed — NSE, BSE.
Company overview—
Company is a focused towards Business Intelligence & Software solutions to the Banking and financial services industry. It’s a service provider, offering products, custom solutions, testing services and resource augmentation services all over the world. Company provides solutions of domain knowledge and technical expertise in banking and financial services. Company has established its presence all over the world and has offices in the USA, UK, Germany, Singapore and India. Company has expertise in Credit cards (Scoring, Collections, Campaign management etc.), Lending, Trading, Clearing and Settlement applications. Aditya Krishna founded Saksoft in 2000 and drives the business development efforts of Saksoft. Ramanathan V (Executive Director) leads the delivery team in Saksoft and provides technology directions. Ramanathan has over 26 years of experience in the technology industry. He has worked with Wipro for 11 years and handled different functions & markets. Business today ranked the company in india’s top 1000 private sector companies in India.
Products & services—
Saksoft is a specialized provider of software services and solutions to the Banking and Financial Services Industry. It’s a full service provider, offering products, custom application development, testing, operations support etc. It also offer resource augmentation services, both onsite and offshore to its clients. Its solutions are a combination of domain knowledge and technical expertise, spanning all areas of banking and financial services. Company offers its product for Business intelligence, business application testing and implementation, operations and production support, resource augmentation etc.
Company is adopting new and emerging technologies to deliver innovative solutions to its customers. Company worked on several projects that require integration of multiple operating systems and platforms. It covers the entire spectrum of technology platforms predominantly used by enterprises. Its focus areas are Application Development and Maintenance, Web Enabling Legacy Applications, Architecture Consulting and Strategy, Business Intelligence, Data Warehousing / Data Mining, Testing (Manual / Automation / Performance), Application Integration, Conversion / Migration / Re-engineering, Managed IT Solutions.
Technology Labs - Company created technology labs for the benefit of its own team. Technology Labs provide the company with the ability to learn and assimilate new technology, before deploying the technology in client projects. The three large technology labs are - BI Lab - For work in the Business Intelligence area (RDBMS, ETL tools, OLAP cube creators/ viewers etc). Testing Lab - Where new tools on automated testing are learnt & new testing methodologies are created.
Business Consulting – company’s Business Consulting Group (BCG) creates business value for customers using its industry domain knowledge and wide-ranging experience. The BCG forms a core group that leads and architects all Saksoft projects. Their roles include Business Process definition, Needs analysis, Requirement definition, Requirement analysis and solution design, Gap analysis for product implementations, Business Data Analytics, Test Strategy and Planning, Test Case Creation.
Company caters to many high profile banking and financial institutions across the globe. Some of them are Citibank, TransUnion, Morgan Stanley, CompuCredit, Deutsche Bank, Development Bank of Singapore (DBS), ABN Amro bank, Bank Mandiri, United Overseas Bank, Interactive Business Systems, HDFC bank, Standard Chartered Bank, GE Consumer Finance, Franklin Templeton, National City, Bottomline Technologies, Amber Credit, Scope International etc.
Valuation—
Company is expanding its fleet in all the areas of banking and financial sector. We expect the company’s revenue to grow at a CAGR of 20% for next 3 years. At CMP, stock is trading at 9.4 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy "Saksoft Limited" for medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)

Stock Idea: Mcleod Russel

This B.M.Khaitan tea company has been literally on the boil. With tea prices perking up, the company has been able to brew a set of very good financial performance for the third quarter ended 31st Dec 2009.
The world's single largest producer of tea with gardens spread across India, Vietnam and Uganda, posted on a YoY, a whopping 184% jump in net profit at Rs.137.94 crore. This super jump in net was on account of the production going up from 205 lakh kgs to 227 lakh kgs. Sales volumes jumped up from 211 lakh kg to 235 lakh kg. More importantly, its sales realization, on an average for Q3 was at Rs.142.41 kg vis-à-vis Rs.114.91 per kg.
The bullish cycle in tea is expected to continue over the next 4 years. Next year, prices are estimated to remain high due to global tea shortage on account of drought in Kenya, Sri Lanka and India, which account for more than 50% of global tea exports. There has been a 32% drop in crop harvest in Sri Lanka and 21% drop in Kenya.
Tea prices in India may gain another 20% from the present level in the next 12 months. The company aims to have a revenue of Rs.1,000 crore in current fiscal and net profit is expected to be around Rs. 480 crore for the full year.
Stay invested as FY10 will end at a historical high performance for Mcleod.

Source: Internet (premiuminvestments.in by S P Tulsian)

Intraday Trading Calls for 27th January

Indian Stock Market may open negative and remains volatile for the day today but recovery expected from lower levels.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
SASKEN COMM.	Buy Above	183.50	189.40	195.00
	Sell Below	181.05	176.40	172.00
GODREJ INDUSTRIES	Buy Above	153.25	158.10	164.00
	Sell Below	151.35	147.20	142.00
HANUNG TOYS	Buy Above	120.05	124.55	130.00
	Sell Below	118.50	115.20	111.00
ATLANTA	Buy Above	192.65	198.25	205.00
	Sell Below	190.35	185.15	180.00
IDFC	Buy Above	150.10	154.30	158.00
	Sell Below	148.70	145.35	142.00
IDBI	Buy Above	121.15	124.75	128.00
	Sell Below	120.00	117.50	115.00
WALCHAND NAGAR IND	Buy Above	274.20	282.45	290.00
	Sell Below	270.00	263.50	255.00

GOOD LUCK

Stock Idea: Zensar Technologies Ltd

Zensar Technologies Ltd— BUY—295—INR
Sector — Information Technology (Hardware & Software)
Regd.Off.— Mile Post No. 4,Nagar Road, Pune – 411014
Listed — NSE, BSE.
Company overview—
Company was incorporated in March, 1983 as International Computers and Tabulators. Indian Manufacturing Company was established in technical and financial collaboration with International Computers, UK. Company was promoted in foreign collaborators ICL, UK; Fujitsu, Japan; and Northern Telecom, Canada. Company headquarter is situated in Pune, India, and spread across 18 countries, 23 locations, with the delivery centers in India & China. It changed the name of its subsidiary companies, International Computer (india), ICIM International Inc & ICIL Singapore Pte to Zenstar Technologies, Zenstar Technologies Inc & Zenstar Technologies (Singapore). In 2001, merger of Fujitsu ICIM and Zensar Technologies was approved and name of the company was changed to 'Zensar Technologies Ltd. Zensar has expertise in key verticals of manufacturing, retail, logistics, financial services, telecom and utilities. Company offers end-to-end solutions across diverse technology platforms and industry domains through a Global Delivery Model, which delivers 24 X 7 services. Company ranked amongst India’s top 25 software companies by NASSCOM. It provides business solutions to Fortune 500 customers spread across the globe. Company was the first company in the world to achieve Enterprise-wide SEI-CMM Level-5 (1999) and CMMI-Level-5.
Products & Services—
Company has SEI CMMI LEVEL 5, SEI CMM LEVEL 5, ISO 9001:2000 and BS7799 certifications. Company manufactures and markets computer hardware and software. Its chief products are digital computer systems including peripherals. Company manufactures the entire range of hardware products, ranging from PCs to mainframe computers. It has entered into collaborations with Fujitsu, Japan, and Genicom, US, to manufacture line printers. Company tied up with Sun Micro Systems, the world leader in UNIX workstations and servers.
Company is engaged into application development, application migration, application support & maintenance, business intelligence and data warehousing, contact centers, embedded and system software, enterprise collaboration & content management, infrastructure management, knowledge management, offshorability consulting, package solutions, package consulting, product engineering services, shared services, testing services, transaction processing etc.
Company caters to Distribution & Logistics, Entertainment, Financial services, Manufacturing, Retail, Telecommunications, Utilities and other industries. Company has strategic alliances with Systemsoft in Mexico, Broadengate in China, inet technologies in Switzerland and Blue Slate in the US, strengthening its presence in various territories. It has also entered into an alliance with Microland for enhanced infrastructure management offerings.
Its clientele includes Cisco, National Grid, Fujitsu, Marks and Spencer, Danaher Corporation, Electronic Arts and Logitech among others. Zensar has also forged strategic technology partnerships with global technology leaders such as IBM, Microsoft, Sun Microsystems and Oracle. These partnerships enable Zensar to leverage its core competencies, ensuring comprehensive and state-of-the-art business solutions to its customers.
Valuation—
Recently, RPG Cellular Investment & Holdings (P) has bought 1.83% stake in Zensar Technologies for an aggregate amount of Rs 142.51 million. At CMP, stock is trading at attractive valuation of 5.9 P/E multiple of its FY2011 estimated earnings. We recommend investors to buy "Zensar Technologies Limited" with medium to long-term investment prospective.
Source: Internet (Valuenotes by Abhishek Jain)

Intraday Trading Calls for 25th January

Indian Stock Market may open negative and remains negative for the day today.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
SASKEN COMM.	Buy Above	188.55	193.45	198.00
	Sell Below	186.45	182.05	178.00
APTECH	Buy Above	180.25	185.40	191.00
	Sell Below	178.35	174.15	170.00
ASTRA MICRO	Buy Above	81.70	85.15	88.00
	Sell Below	80.35	77.45	74.00
ATLANTA	Buy Above	191.25	196.40	202.00
	Sell Below	189.05	185.05	180.00
GIC HOUSING FIN.	Buy Above	93.20	96.70	100.00
	Sell Below	91.70	88.35	85.00
IDBI	Buy Above	121.75	125.15	128.00
	Sell Below	120.35	118.40	115.00
ESCORTS	Buy Above	134.75	138.25	142.00
	Sell Below	133.40	130.45	127.00

GOOD LUCK

Stock Idea: Man Industries India Ltd.

Man Industries India Ltd— BUY—54—INR
Sector — Metals (Tubes & Pipes)
Regd.Off.— Man House, 102, S V Road, Mumbai, M.H. -- 400056
Listed — NSE, BSE.
Company overview—
Man industries promoted by Rameshchandra Mansukhani was incorporated on March 19, 1988 has its aluminium extrusion plant at Pithampur, MP. Man Industries (India) Limited is the flag ship company of Man Group of UK is a leading manufacturer of large diameter SAW Line Pipes and Coating Systems for high pressure applications like transportation of Oil, Gas and other Petrochemical products. Company is an ISO 9001, ISO 9002, ISO-14001 and ISO-18001 certified and all its facilities hold valid API Licenses for production of high pressure line pipes for hydrocarbon applications. Company plants are located at Pithampur, MP and Anjar (Kutch), Gujarat. Company commenced its operations with manufacture of aluminium extrusions in 1988; the company's diversification into manufacture of SAW/Spiral pipes in 1994 is presently contributing more to the company's turnover than the aluminium extrusion division. The pipes division of the company which includes both Saw Pipe manufacturing facility and Spiral Pipe and Coating are also located at Pithampur, MP near to the aluminium extrusion plant. The company has Collaboration agreement with Chr. Haeusler, Switzerland for API-grade longitudinally welded SAW pipes. The SAW pipe division at Pithampur, can manufacture pipes of diameters between 18 inches and 60 inches and thicknesses between 6 mm and 25.4 mm and of lengths upto 12 mtr. Company is eligible to bid for major trunk line projects both in domestic and as well in international level as it has upgraded its facilities to meet international quality standards. Company has world’s most advanced technology in this highly specialized and high priority area. The latest pre stressed 3 Roll Bending Process from Heausler, is being used to manufacture pipes of matchless profile, strength and toughness. The collaborators have given a performance guarantee for the plant in terms of production parameters and adherence to all International Standards including API / NACE.
Products & Services—
Company has manufacturing facility for Spiral SAW Pipes along with facilities for various corrosion preventive coatings on line pipes such as FBE/3 layer Polyethylene Coating, Coal tar Enamel Coating, Internal & external Cement mortar and internal epoxy Lining, Aluminium extrusions. In addition to the above, the facility of a COLD EXPANDING MACHINE is also available at the works. EXPANDER is imported from Romania to meet the mandatory/optional requirements of oil & gas industry. With a state-of-the-art online plate UT Machine, an automated Roll Bending Mill, equipped with CNC & PLC Controls, state of art Internal and External Welding Units, On line real time Radioscopy, advanced CNC Hydrostatic testing, on line X-ray / Ultrasonic M/c. etc., it supply quality and flawless steel pipes confirming to API / NACE international standards, to meet global demand of a large diameter of range from 18" to 60" meant for critical applications.
Recent developments—
Company bagged Rs 13.40 billion orders from Middle East during the current year. The latest international order has been allotted to the Indian company amidst stiff international bidding. The order has to be executed in the current financial year. With the latest order of Rs 13.40 billion, the company’s total order book stands about Rs 20 billion.
Company is exploring the possibilities to set up a manufacturing unit in the US at USD 200 million. Company had plans to start the said facility two years back and had even bought the required land. However, the company was forced to postpone the proposal, as seven US and Indian companies entered the market at the same time. Since then, a global recession has further depressed demand. Steel pipe mills also, as a rule, do not operate at more than 60 per cent of capacity. However, with a recovery underway, MIIL’s interest in the US scheme has renewed. Company would look for an investment opportunity of $200 million to produce approximately 300,000 tons of steel pipes of different diameter, gauges and sizes.
Valuation—
Company keeping pace with its progressive role and strong order book positions will make it grow at very sustainable rate in future. At CMP, stock is trading at 9.65 P/E multiple of its FY2011 estimated EPS. We recommend investors to "BUY" "Man Industries" for medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)

Intraday Trading Calls for 22nd January

Indian Stock Market may open negative and remains negative for the day today.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
SASKEN COMM.	Buy Above	192.10	197.35	202.00
	Sell Below	190.00	186.25	181.00
NIIT TECH.	Buy Above	191.75	197.45	203.00
	Sell Below	189.50	185.25	180.00
ADSL	Buy Above	242.80	249.10	255.00
	Sell Below	240.00	235.05	230.00
ATLANTA	Buy Above	192.65	199.15	205.00
	Sell Below	190.05	185.35	180.00
GIC HOUSING FIN.	Buy Above	93.75	97.20	101.00
	Sell Below	91.70	88.35	85.00
IDBI	Buy Above	125.25	127.55	131.00
	Sell Below	124.15	121.60	119.00
BILPOWER	Buy Above	203.50	209.45	215.00
	Sell Below	200.45	194.55	188.00

GOOD LUCK