Stock Idea : Hexaware Technologies Ltd

Stocks idea : Hexaware Technologies Ltd— BUY—75—INR
Sector — Software
Regd.Off.— 152, M.B.Park, Sector-3, Mahape, Navi Mumbai - 400710
Listed — NSE, BSE.
Company overview—
Hexaware is a global provider of IT and Process outsourcing services incorporated in the year 1990. It specializes in Enterprise solutions, Application Management, EAI, e-Commerce, and Embedded Systems. Hexaware has experience in managing large IT applications in real time as well as high value services around packaged enterprise applications such as SAP and PeopleSoft. Hexaware is organized along three main client-facing groups. These are: Global Competency Group, Service Delivery and Sales Geographies. It offers software services for the banking, finance, insurance, healthcare, transportation and hospitality industries. Company has offices in India in the cities of Chennai, Mumbai, Delhi and Pune. Hexaware’s global operations are located in North America, Europe and Asia Pacific. It also has a regional office in Princeton, New Jersey.
Products & Services—
Company provides its services to Banking & financial services, insurance, Transportation & Hospitality, Healthcare sector basically. Company provides services into architecture consulting, development, maintenance, re-engineering, integration, e-business services, SAP services, Oracle services, peoplesoft services, CRM, business intelligence, HR BPO services, HR IT services, HR consulting services, Design and support services etc. Hexaware is a global provider of IT and Process outsourcing services. It focuses exclusively on maximizing client returns from outsourcing and off shoring. Company have extensive experience in managing large IT applications in real time as well as in providing high value services around packaged enterprise applications such as SAP and PeopleSoft. Its experience in the business process-outsourcing arena fully complements and strengthens its service spectrum and allows it to operate as an enterprise class solution delivery company. Its solutions aim to provide high value by optimizing cost of ownership of technology investments for customers. Hexaware has a client base comprising several Global 1000 organizations. Its commitment is to provide solutions that translate into tangible business outcomes for customers. Its”partner-in-business” approach generates high business value for customers and rich dividends to Hexaware in the form of a continual stream of repeat business. Hexaware’s domain capability expertise and reduced learning curves enables significant compression in time-to-value deliverables. Company applies a robust Key Account Management process to find more ways to delight key customers and grow market share to further strengthens its customer-centricphilosophy.
Company's onsite / offshore delivery model provides significant cost savings. Its development centers are assessed at SEI CMMI-Level 5, and are also ISO 9001:2000 and TickIT certified. These help it to continually provide high value, high quality deliverables to its clients. Valuation—

Company is open to inorganic expansion and would consider any good buy in the remote infrastructure management and BPO spaces. With USD 79.5 million cash in hand, funding will not pose a problem and that the company is interested in companies in North America and Western Europe. At current market price, stock is trading at attractive valuation of 7.14 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy “Hexaware Technologies Limited” with medium to long-term investment horizon.

Source: Internet (Valuenotes by Abhishek Jain)

Intraday Trading Calls for 15th February

Indian Stock Market may open positive and remains positive with high volatility for the day today. A good positive closing expected.

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	179.60	184.55	190.00
	Sell Below	177.25	172.70	168.00
IDBI	Buy Above	118.00	121.65	125.00
	Sell Below	116.50	113.60	110.00
IDFC	Buy Above	145.70	150.20	155.00
	Sell Below	144.05	141.15	138.00
ATLANTA	Buy Above	185.65	191.25	198.00
	Sell Below	183.05	178.70	174.00
WALCHAND NAGAR IND.	Buy Above	248.25	255.25	262.00
	Sell Below	245.00	240.35	235.00
JAI HIND PROJECTS	Buy Above	168.75	175.20	182.00
	Sell Below	165.40	161.35	156.00
APTECH LTD.	Buy Above	170.00	176.10	182.00
	Sell Below	167.35	163.15	158.00

GOOD LUCK

Intraday Trading Calls for 11th February

Indian Stock Market may open positive and remains positive with high volatility for the day today. A good positive closing expected.

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	174.60	180.15	186.00
	Sell Below	172.35	168.10	164.00
IDBI	Buy Above	116.80	121.35	125.00
	Sell Below	115.30	111.70	108.00
CEAT LTD.	Buy Above	142.25	147.35	152.00
	Sell Below	140.00	136.20	132.00
ATLANTA	Buy Above	180.60	186.75	194.00
	Sell Below	178.40	172.65	168.00
ESCORTS	Buy Above	123.10	126.50	130.00
	Sell Below	121.35	118.40	115.00
PRISM CEMENT	Buy Above	48.80	51.55	54.00
	Sell Below	48.15	46.55	45.00
RENUKA SUGAR	Buy Above	176.60	182.45	188.00
	Sell Below	175.05	171.30	167.00

GOOD LUCK

Stock Idea: IDFC

QoQ, the financial performance of IDFC seems to show some pressure but a look at the 9MFY10 performance shows that the company is well on the road to success.
For 9MFY10, Operating income increased by 32% to Rs. 1,508 crore compared to 9MFY09. NII rose 20% at Rs.801 crore. There was growth in non-interest income, which during the 9M of the current fiscal showed a growth of 50%. IDFC expects this non-interest income to remain robust in Q4 also. Fees from IDFC’s asset management business increased 1.67 times, that from investment banking and broking activity increased by 55% and from principal investments increased by 52%.
PBT increased by 30% from Rs. 869 crore to Rs. 1,128 crore. PAT increased by 32% from Rs. 634 crore to Rs. 834 crore. On an equity of Rs.1296.58 crore, it posted an EPS of Rs.6.38 on Rs.10 face value. Foreign holding (FII + FDI) as on as on December 31, 2009 was at 44.9% v/s 39.5% as at 31st March 2009. GoI holds 20.2%, Corporate Bodies hold 3.3%, Mutual Funds hold 5.8%, FIs/Insurance Cos/Banks hold 16.3% and retail investors have just 9.5%.
Its balance sheet size at the end of Q3 stood at Rs. 31,207 crore, an increase of 4%. Total assets under management was US$7.5 billion.
The company had ended FY09, with a total revenue of Rs.3313.25 crore and net profit of Rs.735.92 crore. Based on its 9M performance, IDFC could end FY10 with a total revenue of around Rs.3400 crore and net profit is estimated at Rs.950 crore.
Source: Internet (premiuminvestments.in by S P Tulsian)

Intraday Trading Calls for 10th February

Indian Stock Market may open positive and remains positive with high volatility for the day today. A good positive closing expected.

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	172.30	178.45	184.00
	Sell Below	170.00	165.25	160.00
IDBI	Buy Above	118.70	122.20	126.00
	Sell Below	117.40	113.20	110.00
GNFC	Buy Above	120.20	124.70	130.00
	Sell Below	118.35	114.20	110.00
ATLANTA	Buy Above	183.25	188.65	195.00
	Sell Below	180.40	174.55	168.00
CAIRN INDIA	Buy Above	261.50	265.15	269.00
	Sell Below	259.35	256.10	252.00
BRFL	Buy Above	215.80	221.40	226.00
	Sell Below	214.20	209.55	205.00
JINDAL SAW	Buy Above	195.05	201.35	208.00
	Sell Below	192.15	187.55	182.00

GOOD LUCK

Stock Idea: Rolta India Limited

Rolta India Limited— BUY—180—INR
Sector — Software (Information Technology)
Regd.Off.— Rolta Tower A, MIDC, Andheri (E), Mumbai, M.H. - 400093
Listed — NSE, BSE.
Company overview—
Company was incorporated in the year 1989. Rolta's Indian customers include Ministry of Defense, police authorities, MTNL, ONGC, BSNL etc. Global customers include Verizon, Bell Canada, Saudi Telecom, Bahrain Telecom, British Telecom, and Hong Kong Telecom. Company has world class quality standards with certifications such as BS15000, BS7799, ISO9001:2000 and SEI CMM Level 5. Rolta International, a fully owned subsidiary at Huntsville, Alabama, US, works to digitize maps, develop software and create a geographical database for the customers of Intergraph. Rolta provides software/information technology based engineering and geospatial solutions and services to customers across the world and has executed projects in more than 35 countries. Rolta is headquartered in Mumbai and operates through a network of branch offices in India and seven subsidiaries located in USA, Canada, UK, The Netherlands, Germany, Saudi Arabia and UAE. Forbes Global had ranked Rolta among the 200 Best Companies in the World in October 2003. Rolta also continues to be rated amongst the leading Automated Mapping and Facilities Management software conversion service providers in the world. In the Engineering domain, Rolta enjoys around 80 per cent market share of the Plant Design Automation (PDA) segment in India. Rolta has a strategic partnership with Stone & Webster, Inc., USA one of the world's foremost engineering-construction companies, to provide high-quality cost-effective engineering, design and procurement services, related to power, refinery and petrochemical projects, worldwide. In April 2006, Rolta India has raised USD103.5 million through the issue of up to 18,482,143 Global Depository Receipts. Each GDR represent one underlying equity share in the Company. In last few years, Rolta has aggressively invested in people, technology & infrastructure to exploit & aggressively meet emerging opportunities. Rolta has now reached a critical mass of intellectual capital in the GeoSpatial, Engineering Design and eSolutions environments. Rolta continues to benefit from its strong technical first mover advantage in the rapidly evolving Information Technology Industry.
Products & services—
Company’s operations are structured into 3 strategic business groups, viz. Geo-Engineering, Engineering Design Automation and eSolutions. Rolta has pioneered CAD / CAM / GIS solutions in India. As customer requirements have evolved, the character of Rolta's solutions too has transformed from being pure design & engineering driven to encompassing a customer's comprehensive enterprise wide design & engineering needs that integrate into the organization's overall business process. There is a clear focus in being on top of the value chain. High value projects de-risk the company and build a progressively healthy bottom line. This overriding focus on its core competencies has enabled it to constantly add value to its customer base. Rolta enjoys more than 2/3 share of the GeoSpatial market i.e. applications like Photogram-metric Mapping, Aerial Triangulation, Digital Terrain Modeling, Ortho-photo creation, Image Interpretation etc.
Rolta has set up state-of-the-art Competency Center, equipped with infrastructure and facilities that match global standards. The resource pool at these Centers provides a combination of strategies, trends, ideas, experiences and proven methodologies. Company frequently undertakes research to enhance and develop additional products in its various lines of business. These efforts result in creation of specialized software toolkits, utilities and products, development of state-of-the-art techniques and processes, thereby enabling the company to meet specific customer requirements.
Rolta's positive Economic Value Added (EVA) is a clear indication that the company has met the expectations of the investors. Rolta is in business to provide an attractive return to its owners and its improvement over the years has reflected in the returns to them. Rolta's intangibles - off balance sheet strengths - possess a direct, financial correlation. Rolta delivers specialized solutions, which armour Rolta's reputation and brand. The strength and value of Rolta's brand indicates that the company's financial growth will continue to be consistent and sustainable.
Alliances—
Rolta enjoys trusting and long-standing partnerships with major technology companies that include global leaders like Intergraph (GeoSpatial Technology, Plant Design Automation), Z/I Imaging (Photogrammetry and Imaging), PTC (Mechanical Design Automation and Product Lifecycle Management), IBM, Microsoft, Oracle (eBusiness and eCommerce), Computer Associates (eSecurity and Network Management) and others.
Valuation—
At current market price, stock is trading at attractive valuation of 7.14 P/E multiple of its FY2011 estimated earnings par share. We recommend investors to buy "Rolta Limited" for medium to long-term investment horizon.

Source: Internet (Valuentes by Abhishek Jain)

Stock Idea: Alembic Limited

Alembic Ltd— BUY—45—INR
Sector — Pharmaceuticals
Regd.Off.— Alembic Road, Vadodara, Gujarat -390003
Listed — NSE, BSE.
Company Overview—
Alembic started its operations on 30 July, 1907 & now it is Asia's most respected integrated pharmaceutical company with manufacturing facilities in Vadodara and Panelav in Gujarat and Baddi in Himachal Pradesh. The plant in Vadodara has the largest fermentation capacity in India. The Panelav facility houses both API (USFDA approved) and formulation manufacturing plants. It has a distribution network that spans 29 states in India and 75 countries globally. Company has "Bio Arc Research Center" at vadodara to capitalize its strength in research and developments. Alembic is a certified ISO-9002 and ISO-14001 company with manufacturing practices and facilities that conform to WHO-GMP guidelines ensuing that every Alembic product meets the most stringent quality standards. Alembic is spreading its wings now to regulatory markets both in respect of API and Formulation. Company’s extensive range of "Finished Dosage Forms" covers every aspect of human life. It has expertise in the manufacturing of high volume Finished Dosage Forms and effectively control their release profile. This expertise is in the field of sterile as well as non-sterile dosage forms. Research and Development at Alembic is focused on fermentation technology, strain improvement, industrial enzymes, non-infringing process developments for API & intermediates, development of innovative formulations, NDDS. Company’s research is mainly involved into Chemistry & synthesis, Formulations development and Contract research.
Products & Services—
Company manufactures pharmaceuticals and chemicals, bulk drugs (penicillin and other antibiotics) and formulations. It also promotes herbal products. The major therapeutic segments where Alembic has presence are antibiotics and antibacterial, cough and cold remedies, analgesic and anti-inflammatory medications, nutraceuticals and anti-diabetics. Company’s business division includes Alembic Mainline Pharma division. It services general practitioners, physicians, ENT Surgeons, paediatricians and orthopaedics. Megacare division has greater focus towards gynaecologists, besides physicians, ENTs, Paediatricians and GPs. Specia division includes speciality brands for cardiovascular and diabetology.
In Branded formulations company manufactures Antibiotics & Anti bacterials, cough & cold, antihistamines, NSAIDS, oral hypoglycemic, herbals & nutraceuticals, cardiovascular, others. In Generics it have 90 brands with extension in various forms covering the therapeutic segments of Antibiotic, Cough & cold, NSAID, B-complex, C.V.Drugs etc. it covers Therapeutic segments, antiallergic, anticold preparation, antimalarials, antioxidants, antiseptic, antiulcerants, corticosterroids, enzyme preparation, Nsaids, antithelminitic, antimicrobials, antipyretics, antispasmodic, cardiovascular drugs, cough preparations, mucolytics & proteolytics, tranquiliser, vitamin preparations, others.
Valuation—
At CMP, Stock is trading at attractive valuation of 8.96 P/E multiple of its FY2011 estimated earnings. We recommend investors to Buy "Alembic limited" with medium to long-term investment horizon.
Source: Internet (valuenotes by Abhishek Jain)