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)
Monday, January 25, 2010
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)
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)
Friday, January 22, 2010
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
Thursday, January 21, 2010
Intraday Trading Calls for 21st January
Indian Stock Market may open flat to positive but remains very volatile for the day today. A 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 |
GNFC | Buy Above | 124.25 | 127.60 | 132.00 |
Sell Below | 122.35 | 119.10 | 116.00 | |
ALEMBIC LTD. | Buy Above | 51.25 | 54.15 | 57.00 |
Sell Below | 50.10 | 48.20 | 45.00 | |
REL POWER | Buy Above | 157.50 | 161.25 | 165.00 |
Sell Below | 156.05 | 153.20 | 150.00 | |
WALCHAND NAGAR IND. | Buy Above | 285.20 | 296.45 | 310.00 |
Sell Below | 279.50 | 270.35 | 260.00 | |
GIC HOUSING FIN. | Buy Above | 98.75 | 102.35 | 106.00 |
Sell Below | 97.45 | 94.15 | 90.00 | |
IDBI | Buy Above | 130.05 | 132.75 | 136.00 |
Sell Below | 128.10 | 125.60 | 123.00 | |
NATCO PHARMA | Buy Above | 133.10 | 137.60 | 143.00 |
Sell Below | 131.35 | 127.45 | 124.00 |
GOOD LUCK
Wednesday, January 20, 2010
Stock Idea: NIIT Technologies Ltd.
This IT service company had managed to show a better performance in Q2 itself. By adopting various cost cutting measures then, it managed to tide over the bad times. And now that things are improving and costs remain low, Q3 ended 31st Dec 2009 has been good for NIIT Technologies.
Consolidated revenue YoY wad down 7% but up 2% on a QoQ but keeping a tight leash on the costs, the company showed a smart rise in operating profit, up 14% on YoY and 11% on a QoQ. OPM was up 22% YoY and QoQ. Net profit was up by a whopping 111% YoY and 10% on a QoQ.
The main contributor was the BFSI segment, which like in Q2FY10, maintained its share at 44% of overall revenues. Business from Travel and Transport segment contributed 34% to revenues. Share of revenues from Retail and Distribution was 9%. In Q3, it secured new orders to the tune of US$ 57 million. 4 new clients were added. Revenue from APAC region has gone up significantly and it now stands currently at 15% of the revenue mix. Share of revenue from EMEA during Q3 was 42%; North America contributed 34%, while India contributed 9% of the revenues.
The company has hedge exposure but thankfully, they have been done at non-average rate of 42.50 to a dollar. This is good in the current scenario of rupee appreciation as every time, the rupee becomes stronger, the hedge losses reduce. With the perception that rupee will remain strong, at least till the end of FY10, also with relatively lower exposure to North America, the outlook for the company remains good.
Source: Internet (premiuminvestments.in by S P Tulsian)
Consolidated revenue YoY wad down 7% but up 2% on a QoQ but keeping a tight leash on the costs, the company showed a smart rise in operating profit, up 14% on YoY and 11% on a QoQ. OPM was up 22% YoY and QoQ. Net profit was up by a whopping 111% YoY and 10% on a QoQ.
The main contributor was the BFSI segment, which like in Q2FY10, maintained its share at 44% of overall revenues. Business from Travel and Transport segment contributed 34% to revenues. Share of revenues from Retail and Distribution was 9%. In Q3, it secured new orders to the tune of US$ 57 million. 4 new clients were added. Revenue from APAC region has gone up significantly and it now stands currently at 15% of the revenue mix. Share of revenue from EMEA during Q3 was 42%; North America contributed 34%, while India contributed 9% of the revenues.
The company has hedge exposure but thankfully, they have been done at non-average rate of 42.50 to a dollar. This is good in the current scenario of rupee appreciation as every time, the rupee becomes stronger, the hedge losses reduce. With the perception that rupee will remain strong, at least till the end of FY10, also with relatively lower exposure to North America, the outlook for the company remains good.
Source: Internet (premiuminvestments.in by S P Tulsian)
Stock Idea: JK Papers Ltd
JK Papers Ltd— STRONG BUY—50—INR
Sector — Paper
Regd.Off.— Central Pulp Mills, Fort Songadh, Surat, Gujarat-394660
Listed — NSE, BSE.
Company Overview—
JK Paper Ltd. is a part of well known group JK organization a leading multi-product, multi-business group of India. J K Paper Ltd was formerly known as Central Pulp Mills, a member of HS Singhania group is originally promoted by Parkhe Group to manufacture Paper and Paper products. Company purchased a Pulp Drying Plant from Finland in 2001 to increase the output and realization of market pulp. Company enjoys the location advantage in respect of sourcing raw material. It sources all its bamboo requirements with in the 200 kms radius of the plant. Further for long term continuous source of raw material the company is running social forestry and farm forestry programs in 11 districts of Orissa and 3 districts of Andhra Pradesh, covering a total area of over 20,000 Hectare. The name of the company was changed to JK Paper Ltd from The Central Pulp Mills Ltd. JK Paper has a deep commitment to protecting the environment. Company is the first paper mill in India to have been accredited with ISO-14001 certification for the Environment Management System Standard. Company Paper has a research and development wing involved in developing high quality seedlings and helping farmers achieve better yields from their plantations.
Products & Services—
Company is an established name in the manufacture and marketing of paper. It has the distinction of being the largest manufacturer of branded copier paper in India. Company is also been consistently exporting its products to markets such as Sri Lanka, Bangladesh and several West Asian Countries. Company was first to introduce surface sized maplitho in India, first to introduce high quality bond paper 'Finesse' in A4 size consumer friendly retail packs of 100 sheets. Company was first to introduce laser paper in India. The company has introduced two new value added products i.e. MICR Cheque Paper and Cup-stock Board and both of them have well established in the market. Company is well known for its success in creating brand in paper industry with having top two paper brand i.e JK Copier & JK Easy Copier in its basket the company has initiated outsourcing of paper products in india. Company outsources JK Cote from an international producer, who produces as per the specification of JK Paper. JK Paper today has an combined installed capacity of 2,40,000 tpa with two integrated Paper Mills at JK Paper Mills, Raygarh, Orissa and Central Pulp Mills, Gujarat.
Company has quality benchmarks from its commencement, and continues to do so. Its major brands include JK Copier, JK Easy Copier, JK Evervite, JK Excel Bond, JK Bond, JK SHB Maplitho, CPM Parchment and JK MICR. Company has one of the largest distribution networks in the paper industry. With more than 100 wholesalers, over 1700 dealers, 10 warehouses and 4 regional offices spread across country, it has achieved matchless service levels. Nearly 50% of the exports are of branded products.
Recent development—
JK Paper plans to infuse Rs 14 billion to expand its manufacturing capacity by 1.5 lakh tons annually in the next three years. The proposed investment and expansions will take place over a period of two to three years. The company is producing 2.6 lakh tons of paper every year, more than the current capacity of 2.4 lakh tons. Going forward, it plans to increase the capacity by 1.5 lakh tons.
Valuation—
At current market price, stock is trading at attractive valuation of 4.9 P/E multiple of its FY2010 estimated EPS. We recommend investors "Strong Buy" on "JK Papers limited" with medium to long-term investment prospective.
Source: Internet (Valuenotes by Abhishek Jain)
Subscribe to:
Posts (Atom)
