Intraday Trading Calls for 20th October

Today's Intraday Trading Picks Are (Buy at Lower Levels as market may open gap down):

1. Hanung Toys & Textiles CMP Rs. 380/- Target Rs. 394-410.
2. KPIT Cummins CMP Rs. 165/- Target Rs. 170-175.
3. Edserve Softsystem CMP Rs. 220/- Target Rs. 226-232.
4. Nagarjuna Construction CMP Rs. 156/- Target Rs. 160-164.

GOOD LUCK

Intraday Trading Calls for 07th October

Intraday Picks for Today with Strict Stop Loss:


Buy JYOTI STRUCTURE. (513250) CMP Rs. 144/- Target Rs. 150-156/-.
Short to Medium Term Target Rs. 190-200/-.

Buy APTECH LTD. (532475) CMP Rs. 175/- Target Rs.181-186/-.
Buy KESORAM INDUSTRIES (502937) CMP Rs. 322/- Target Rs. 330-335-340/-.
Buy CCCL (532902) CMP Rs. 83/- Target 87-91/-.
Buy SASKEN COMMUNICATION (532663) CMP Rs. 201/- Target 207-212/-.

GOOD LUCK

Intraday Trading Calls for 06th October

Intraday Picks for Today with Strict Stop Loss:


Buy WALCHANDNAGAR INDUSTRIES. (507410) CMP Rs. 221/- Target Rs. 227-234/-.
Buy APTECH LTD. (532475) CMP Rs. 166/- Target Rs.171-176/-.
Buy KESORAM INDUSTRIES (502937) CMP Rs. 320/- Target Rs. 327-335-340/-.
Buy ICSA (531524) CMP Rs. 133/- Target 137-140/-.
Buy SHREE LAKSHMI COTSYN (526049) CMP Rs. 158/- Target 164-170/-.

GOOD LUCK

Intraday Trading Calls for 05th October

Intraday Picks for Today:

Buy MARG LTD. (530543) CMP Rs. 227/- Target Rs. 235-242/-.

Buy TULIP Telecom (532691) CMP Rs. 190/- Target Rs.195-200/-.

Buy KESORAM INDUSTRIES (502937) CMP Rs. 320/- Target Rs. 327-335-340/-.

GOOD LUCK

Intraday Trading Calls for 04th October

Indian Stock Market may open flat to positive and flat trading expected today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
PVR LTD.	Buy Above	181.25	187.40	194.00
	Sell Below	178.70	173.55	168.00
MAHARASHTRA SEAMLES	Buy Above	418.70	429.25	440.00
	Sell Below	411.35	403.65	395.00
ORBIT CORP	Buy Above	124.25	127.15	130.00
	Sell Below	121.45	118.25	115.00
SELAN EXPLORATION	Buy Above	342.60	350.15	360.00
	Sell Below	337.40	330.25	321.00
FIEM INDUSTRIES	Buy Above	176.75	182.15	188.00
	Sell Below	173.65	168.30	163.00
ADSL	Buy Above	245.60	251.20	258.00
	Sell Below	242.55	237.45	232.00
APTECH LTD.	Buy Above	160.05	164.65	170.00
	Sell Below	158.15	154.35	150.00

BUY KESORAM INDUSTRIES (502937) CMP Rs. 317/- Short to Med Term Target Rs. 375/-.
GOOD LUCK

Stock Idea: Repro India

Repro India (Rs 135)

(BSE Code- 532687, NSE Code- REPRO)

(P/E- 7, Equity- Rs10.5 cr, FY10 Sales- Rs201 cr, Market Cap- Rs141 cr)

Repro India Limited is one of the few integrated print solution provider and a manufacturer and exporter of books in the highly fragmented printing industry. Its solutions include content management, configuration to content delivery and the entire supply chain for publishers. The Indian Printing industry has managed to grow at a CAGR of 14% over the last 25 years. to touch Rs 1100 cr.. That is almost twice the GDP growth rate. Repro has successfully evolved from a printing press to an end-to-end print solutions provider. The company provides value-added printing and prints related solutions to major publishing houses, corporates and software companies. The clients of the company include publishing houses such as Alligator Books, Macmillan, Orient Longman, Oxford University Press; software companies Microsoft, Oracle, IBM; and Indian corporates including Tata Steel, Infosys, Wipro etc. Repro had come with an IPO in November 2005 at Rs 165 per share and raised Rs 43.2 cr.. RIL’s equity stands at 10.51 cr. out of which promoters hold 68.53% while the public holding is 25.35%.

Through content process outsourcing, Repro offers content, creativity and designing. It provides desktop publishing, ideation, content creation, designing, illustration and copywriting. Content Process outsourcing is another large opportunity for India and holds great potential as we have a low cost talent pool, design and creative capabilities and knowledge of English language. Countries like USA and the UK, which are considered among the largest markets for printing industry, are increasingly looking at outsourcing to low cost countries such as India. Repro offers print solutions for educational and children’s books for the publishing industry and annual reports and other corporate print solutions for corporates. Digital printing is utilized for IT industry and print on demand (POD). It also services the insurance industry through POD. Repro is also into contractual publishing—magazine printing and others like replication of CDs and stock management activities

Net profit of Repro India rose 12.69% to Rs 2.93 cr. in the Q1 ended June 2010. Sales rose 25.95% to Rs 59.5 cr. in the quarter. Repro had posted a 16.5% decline in topline to Rs. 201 cr. for FY10 while net profit grew just 6% at Rs 17.55 cr.. On a equity of 10.51 cr., the EPS stood at Rs 16.7 and the dividend declared was 30%. Almost 35% of the company’s turnover comes from exports. Its exports business holds significant revenue upsides as it shifts focus from straight printing to content process outsourcing (CPO). As the company would be focusing on CPO for its foreign clients it expects margins to grow in future. The expansion at Surat SEZ and Vashi units will also bring benefits this year. As the company scales up its business and sets up infrastructure to support its expansion in the exports market, it expects higher realizations in the years to come. The Repro stock appears attractive as it is valued at about 8 times FY10 earnings (Rs 16.7) and at 6.9 times FY11E earnings (Rs 19- Rs 20). On account of increasing contribution from higher margin businesses and attractive valuations, the stock holds good potential for appreciation in the medium-long term.

Investors can start accumulating the stock at current levels and add more on declines for decent returns of 50%-60% over the next 8-12 months. Accumulate.

Source: Internet (Valuenotes by Sanjay Chhabria)

Stock Idea: ESSEL PROPACK

Essel Propack (Rs 46) (Rs 2 paid up)

(BSE Code- 500135, NSE Code- ESSELPACK)

(FY10 Sales (of 15 months)-Rs 1656 cr, Equity- Rs31.3 cr, Market Cap- Rs720 cr)

Essel Propack Limited (EPL), promoted by Essel group is the world's largest specialty packaging company. EPL is into the manufacturing of laminated tubes, extruded plastic tubes, Medical devices and Specialty Packaging Material. The Company provides packaging solutions to toothpaste, pharmaceuticals, cosmetics, food and industrial sectors all over the world. The company's operations span over 13 countries with 25 manufacturing plants. The company's global sales stand at around 4.5 bn tubes, which is 32% of the global laminated tubes market. Over the years Essel has acquired a global status, with presence in USA, Mexico, Colombia, United Kingdom, Poland, Germany, Egypt, Russia, China, Philippines, Singapore, Indonesia and India. The company caters to the oral care, cosmetics, personal care, pharmaceutical, food and industrial sectors. A large part of this global stature has been possible due to the merger with Propack in 2001. The demand for its products closely tracks the growth of the oral care industry, which again depends on economic growth. In early 2003, the company commissioned a plant in Virginia, US, to cater solely to P&G's laminated tube needs in the US and Mexico. In August 2004, Essel acquired Arista Tubes of UK and then went on to acquire Telcon Packaging in April 2005, in order to increase its presence in the EU and the UK.

Consolidated top-line for Essel Propack was flat during Q1 ended June 2010 at Rs 332.3 cr.. In December 2009, the company divested its non-core medical business. When adjusted for this, the sales of the continuing business improved by 15% YoY. This growth is entirely volume based. Q1FY11 is not comparable with Q1FY10 owing to sale of Medical Device business in Q4FY10 - hence comparison is done on like-to-like basis excluding medical devices. EPL reported satisfactory performance on like-to-like basis (includes tubes and flexible packaging business) – EPL posted 15% yoy growth in revenues to Rs 332 cr. and 10.2% y-o-y growth in operating profit to Rs 56.3 cr.. Adjusted net profit stood at Rs 10.4 cr. versus loss of Rs 5.1 cr. The blended volume growth in the quarter was 12-13% (split as 13% in laminated tubes, 30% in plastic tubes and 15% in packaging), balance attributed to revenue mix change.

Interest payments were lower during the quarter as the company lowered its debt by Rs180 cr. Sales from Europe improved by 25% y-o-y, on better performance of the company in UK, Russia and Germany. The Indian operations of the company grew by 19% YoY during the quarter on the back of addition of new customers and product innovation. Sales in US however fell by 33% YoY. This is because medical devices business made a large portion of the US sales. When excluding the medical devices sales, sales of Americas remained flat. During the quarter, lower operating loss was recorded from European regions as a result of Russia and UK units ramping up volumes and breaking even in cash terms. The company also managed to curtail losses at its Poland unit.

For the fifteen months ended March 2010, EPL recorded a growth of 29% in consolidated revenues to Rs 1656.7 cr.. While the results of FY10 are not comparable to those of the previous year due to change in accounting year, the consolidated net profit for the year stood at Rs 59.9 cr. compared to a loss in CY08. On a equity of 31.3 cr (Promoters’ stake- 58.92%) the annualised EPS on a Rs 2 paid up share stood at Rs 3. Going forward, things are looking up now with the company expecting growth across geographies and improvement in the profitability of its European business. Moreover, the company is changing its products mix and increasing focus on cosmetic, hair care and pharmaceutical segment. EPL is entering into favorable period for next 3 quarters - likely to gain from better utilization of capacities in China, Polland and USA and gain from price hikes in Q1FY11. At the current price of Rs 46, EPL is trading at a P/E of 12X FY11E earnings (Rs 3.8) and 8.3X FY12E earnings (Rs 5.5).

Investors can start accumulating the EPL stock at current levels and add more on declines for decent returns of 50%-60% over the next 6-9 months.

Source: Internet (Valuenotes by Sanjay Chhabria)