multibagger stock recommendation - concurrent infrastructure (BSE}

Concurrent (India) Infrastructure

BSE: 531261  BOOK VALUE: 12.50  CMP: 10.90 EPS :4.00 

PE RATIO : 2.72  INDUSTRY PE : 34.98

The company delivered 65 Cr top-line in FY2010 and is expecting 200-225 Cr in FY2011, 350 Cr in FY2012 and over 500 Cr the following fiscal. The NPM would vary in the range of 8-20% for their verticals. 10%-12% NPM can be taken as an average which would translate into an EPS of 7-9 for 2012-13.Thus it quotes at 1 odd times its fy12 forward earnings.A blind buy.

Without even including vakratund ispat and all the trucks it acquired offlate the company had a stunning 35crs net block(Net block is actually what the assets are worth to the company).Now since their wasn't any accumulated depreciation   .this assets are prime lands worth several times more than their acquisition price.Present marketcap is 47crs so logically even if the company has no business,it gets closed still it should be worth more than the present value of the company(vakratund and trucks would add up to a lot and ther's not much of a debt either).Well even if that happens expect a higher price for your delisted share.

The promoters knowing the great future announced issue of 21 lakh warrants to themselves at 31 bucks.The owner has already put in the upfront 25% of the margin money for his warrants.The promoter is hungry to increase his stake in the counter which shows his conviction and confidence in the company.At 11rs, I feel it would be much better if he forfeits the warrants and acquires those shares from open market purchases.Even if he converts the warrants to shares during conversion time that too would also be much beneficial to the interest of the minority shareholders.All in all good signs from the promoters.  buy at curent levels for  a long term targets of 22.00 and  35.00+++.

multibagger stock comes tomorrow

thia stock is trading near equal to its book value.EPS of this stock is 4.00 and PE ratio is 2.7 while PE of the industry  is 35.00 stock has the full potential to become a multibagger in coming years. at present this stock is  available very cheap at  just around 10.00 rupees everyone can buy.see the stock here tomorrow.

SHORT TERM BUY CALL - BEML

buy bharat earth movers  BSE: 500048     NSE: BEML  at 605.00 below levels for a short term target of 700 with a stoploss of 580.00

SHORT TERM BUY CALL - TATAGLOBAL BEVERAGES

buy tata tea BSE: 500800   NSE: TATAGLOBAL around  87.00 below levels for a short term target of 98.50 in few weeks.

SHORT TERM BUY CALL - BAJAJ CORP

Buy bajaj corp BSE: 533229   NSE: BAJAJCORP around  500 for a short term target of 534.00  with a stoploss of 483.00

Allahabad Bank - A Value Buy

Allahabad Bank Limited provides a full range of banking services throughout India. The Company's activities include retail banking, commercial and personal banking, investment management, treasury and cash management, and depository services. 


Allahabad Bank is a safe upper mid-cap stock on its way to become a large cap. Its a high dividend yielding stock with yields over 2.5% last year. NPMis currently at 15% and improving marginally. Revenues and PAT are growing at 30% year on year. Its a value buy with P/E of just over 6. Banking sector is expected to outperform. Buy, Accumulate on dips and hold for long term gains.

IPO CLOSES TODAY

  Fineotex Chemical Limited

IPO  - ISSUE DETAILS
Issue Opens:	February 23, 2011
Issue Closes:	February 25, 2011
Lot Size:	90 Shares & in multiples of 90 shares thereafter
Price Band:	Rs.60 - Rs.72
Issue size:	Rs 30.3 crore

Issue Highlights (Source: BRLM/RHP)

Fineotex Chemical is in the business of manufacturing specialty chemicals and enzymes consumed by the textile and garment industry, leather, water treatment, construction, paper, paint, adhesives, agrochemical and other industries. 
The present issue is being made to raise funds for setting up of a manufacturing facility for production of specialty chemicals, setting up of sales office in Mumbai and meeting working capital requirement, public issue expenses and general corporate purpose.

short term buy - AHLUWALIA CONTRACTS

buy ahluwalia contracts india CMP 121.35 at 120 levels for a short term target of 136.00 in few weeks.

short term target met - HDIL

SHORT TERM BUY CALL GIVEN ON FEB 4TH FOR HDIL MET THE TARGET 150.00 LEVELS TODAY. STOCK MAY GO UP FURTHER. HOLD WITH REVISED TARGET OF 168.00 IN FEW WEEKS.

NIFTY LEVELS FOR FEB 23

PIVOT : 5475 R1: 5513 R2 : 5557 S1 : 5431 S2 : 5393

IPO OPENS THIS WEEK

Sudar Garments Limited

Sudar Garments Limited is a leading manufacturer and exporter for readymade garments specialized in elegant Shirts, Trousers and wide range of apparel for Men, Women & Kids.

IPO  - ISSUE DETAILS
Issue Opens:	February 21, 2011
Issue Closes:	February 24, 2011
Lot Size:	81 Shares & in multiples of 81 shares thereafter
Price Band:	Rs72 - Rs77
Issue size:	Rs 70 crore

Acropetal Technologies Limited

Acropetal Technologies Ltd is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.
The objects of the Issue: to finance the funds required for potential acquisitions; to set up a software development centre with corporate office at Hosur Road, Bangalore; expansion & establishment of overseas offices in the US, UK, Middle east and South East Asia; part payment of term loans and additional working capital requirements.

IPO  - ISSUE DETAILS
Issue Opens:	February 21, 2011
Issue Closes:	February 24, 2011
Lot Size:	60 Shares & in multiples of 60 shares thereafter
Price Band:	Rs88 - Rs90
Issue size:	Rs 170 crore

LONG TERM BUY - ZYLOG

Zylog Systems Ltd offers computer services. The Company offers enterprise application development; enterprise reporting; enterprise data management and administration; enterprise application integration; and mobile, wireless and web application development.


Zylog Systems is a value pick currently priced at a P/E of little over 5. Its a good dividend yielding stock with yields of 1.40% in the last year. Liabilities are well managed in their balance sheet. NPM is currently at 15% and improving. Revenues, PAT and NPM have been consistently on the rise. Cash flows have been consistently good. Buy, accumulate on dips of 10% and hold for long term gains.

NIFTY LEVELS FOR FEB 21

PIVOT : 5500 R1 : 5558 R2 : 5657 S1 : 5400 S2 :5342

MEDIUM TERM BUY - ATUL LIMITED

Atul Limited is a diversified manufacturer of chemicals. The Company's products include agrochemicals, aromatics, cresol & its derivatives, pharmaceutical intermediates, bulk drugs and bulk chemicals. Atul also manufactures dyestuffs and colors for the textile industry. 


Atul Ltd is a value buy at current valuations. Its currently valued at a P/Eof little over 5%. Its NPM has risen from 5% to 7% over the last year. Apart from this, Revenues have grown at 30% in the last year. The stock is very bullish on the chart and it should continue to be bullish as long as Revenue growth and NPM growth is on track. Its liabilities are pretty well managed. Buy, Accumulate on dips of 10% and hold for long term gains.

STOCKS TO TRADE TODAY

the following stocks can be trade today on result basis.
HEXAWARE, EDSERV, EDUCOMP, SUPREME INFRA, RAMKI INFRA.

HDIL - Robust 3Q; to focus on non-MIAL -RBS

HDIL reported robust 3Q EBITDA and PAT growth of 41% and 57% yoy. As MIAL continues to face delay and uncertainties, HDIL's focus shifts to other redevelopment projects that could be value-accretive in the medium term, in our view. Reducing TP, but maintain Buy on attractive valuations.

Robust 3Q; significant delay in MIAL likely to continue due to uncertainty on policies
HDIL reported 3QFY11 revenues of Rs4.6bn (up 11% yoy, 22% qoq), led by 1.25m sq ft of TDR (transfer of development rights) sales @Rs3,120/sq ft (vs Rs2,500/sq ft in 3QFY10), which resulted in an EBITDA margin of 58.5% vs 46.2% in 3QFY10 (see Table 1). This, coupled with a lower tax rate of 6.3%, aided in PAT growth of 57% yoy. HDIL stated in its recent 3Q results release that while it continues to work on 33,000 slum units (7,000 units are ready for possession) under the Mumbai International Airport (MIAL) project, the timelines of handing over the project to the state government and beginning work on the remaining c52,000 slum units is still uncertain because of an impasse in the state government about policies pertaining to identifying slum dwellers eligible for rehabilitation.
HDIL shifts its focus to other redevelopment projects; tightening liquidity a concern
Given the uncertainty surrounding MIAL, HDIL has invested most of its QIP proceeds of Rs11.6bn into three other large redevelopment projects in suburban Mumbai and outskirts (see Table 9). We believe this could be value-accretive only in the medium to long term as they are long-gestation projects requiring up-front investment, which we believe could be challenging in the tight liquidity environment. Management maintains it would be comfortable funding the projects via internal accruals (residential projects, TDR and FSI sales). We value these redevelopment projects conservatively at 1x investment cost, given the lack of clarity on approval, development and funding plans on these redevelopment projects.
Reduce TP on concerns of MIAL delay and higher costs; maintain Buy on valuations
We increase our FY11F earnings 14%, maintain our FY12 forecast, and reduce our FY13 forecast 20% as we: 1) increase our TDR sales assumption from Rs1,800/sq ft to 2,000/sq ft; 2) increase our construction cost estimate for rehabbing slum units from Rs1,250/sq ft to Rs1,500/sq ft; and 3) factor in a delay in TDR/FSI generation and sales in the MIAL project. We raise our execution discount on MIAL to 50% from 15% due to persistent uncertainties and on non-MIAL to 20% from 15% due to sector headwinds. We factor in revised net debt and value the new redevelopment projects at 1x investments, for a new TP of Rs225 vs Rs310 previously (see Table 11). We maintain a Buy on attractive valuations. HDIL’s upcoming change in accounting from PCM to POCM could provide upside to our forecasts.

NIFTY LEVELS FOR FEB 17

PIVOT: 5482 RES 1:  5504 RES 2 :  5526  SUP 1: 5459 SUP 2 : 5437

stocks to trade today

the following stocks can be traded today based on results
RAJESH EXPORTS, MAHINDRA SATYAM, VIDEOCON, GITANJALI.

NIFTY LEVELS FOR FEB 16

PIVOT : 5465 R1 : 5522 R2 : 5563 S1 : 5424 S2 : 5367

SAFE BUY - IND-SWIFT

IND-SWIFT
 BSE: 524652   |   NSE: INDSWFTLTD  
buy ind- swift at 31.00 levels for a target of 40.00 in short term, and 53.00 in medium term. book value of this stock is 64.70 and EPS is 10.00 and PE ratio is just 3.05 while  the PE ratio of the industry 24.20.. this is around 8 times less than of industry PE. buy at current levels and on dips.

karur kcp packagings

Karur KCP Packaging Limited was promoted by Mr. KC Palanisamy 
in 1991. The company is having four business segments and has four 
divisions  – Paper Division located at Pondicherry, Paper Bags division 
also located at Pondicherry, Polypropylene Bags Division located at
Karur District and Flexible Intermediate Bulk Container Division
(FIBC Division)  also located at Karur District. The company came out 
with an IPO in 1995 and offered shares of Rs.10 each at a premium of 
Rs.30 per share.

The company’s customer list includes India Cement, Priyadarshini 
Cement, Madras Cement, Chettinad Cement and Rajshree Cements.
The company which was earlier catering primarily to needs of Cement 
Industry has of late diversified its activities to non cement sector and 
towards export market. The Paper Bag Division  has diversifies by
supplying bags to the other sectors namely Carbon Black, Tea and
Fertilizers. The company has also diversified into export of bags and 
its FIBC division located at Karur District is catering on export
market in Europe and U.S.A.
The fact that the company has the facility to manufacture Paper, 
Paper Bags, Polypropylene Bags and FIBC Bags gives flexibility to the 
company to adjust its production depending upon the demand for a 
particular product. The company is a one stop shop for packing 
requirements of any industrial sector.
Karur KCP Packkagings Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2010. For the quarter, the company reported net sales/income from operations of INR 903.388 million against INR 755.433 million for the same period a year ago. Profit from operations before other income, interest & exceptional items was INR 117.148 million against INR 135.537 million for the same period a year ago. Net profit was INR 25.451 million against net profit of INR 31.855 million for the same period a year ago. Basic and diluted EPS before and after extraordinary items was INR 2.55 against INR 3.19 for the same period a year ago. For the nine months, the company reported net sales/income from operations of INR 2,810.587 million against INR 2,343.144 million for the same period a year ago. Profit from operations before other income, interest & exceptional items was INR 321.995 million against INR 342.797 million for the same period a year ago. Net profit was INR 82.552 million against net profit of INR 66.333 million for the same period a year ago. Basic and diluted EPS before and after extraordinary items was INR 8.26 against INR 6.63 for the same period a year ago.
with a book value of 93.00 and a eps of 12.15 and a current PE ratio of just 3.37 this stocks look attractive.one can buy this stock at current levels and on dips for a long term targets of  80.00 and 105.00

MIC ELECTRONICS - WHY YOU HAVE TO BUY?

MIC Electronics Limited (B.S.E Code: 532850, NSE Code : MIC), global leader in design, development & manufacturing of LED Lighting and LED Displays systems.MIC Electronics, an intrinsically R&D driven organization, commenced its operations 23 years ago with LED Displays as its flagship product. A strong Embedded Technology basewas created in the Company and several embedded products were developed, produced and delivered by the company to reputed clients such as South Central Railways, L & T, GE, Gujrat Council of Science City etc. Headquartered at Hyderabad (India), the company has nationwide presence in the form of a vast network of marketing, sales and service support centers in all metros of India. MIC Electronics has offices in Australia, Korea and USA to meet the global demand for its products. The company is now gradually setting up operations in other international markets.

MIC's flagship products, LED Video Displays (indoor / outdoor / mobile) have become an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays in Railways and Airports.

Financial Results
 
 The financial highlights for the year in comparison with the previous
 year are as under:
 
 (Rs.in Crore>
 
 Particulars                           2009-10         2008-09
 
 
 Total income                          233.94          242.57
 
 Profit before interest, depreciation 
 & tax                                  73.74           71.58
 
 Interest                                8.26            6.82
 
 Depreciation                            2.99            2.26
 
 Provision for taxation                  9.46           (1.91)
 
 Profit after interest, depreciation 
 & tax                                  53.03           64.41
 
 Transferred to general reserve          5.00            5.00
 
 Deferred tax asset adjustment for 
 earlier years                            -              2.35
 
 Balance brought forward               159.75          102.70
 
 Balance carried forward to Balance 
 Sheet                                 207.79          159.75

Introduces three new products 
MIC electronics recently introduces three new products that would introduce soon in 
India. These products have been designed around semiconductor devices form Texas 
Instruments (TI) including OMAP, MSP 430 and 16 channel LED Driver.  MIC expects 
these products to make difference in the lighting arena in the country as LED-based 
products can reduce energy consumption enhance battery life and bring down carbon 
footprints. 

To raise USD 30 mn
MIC Electronics has informed that its shareholders  at the extra ordinary general 
meeting (EGM) held on Sep. 9, 2009 have considered and approved to  issue GDRs / 
ADRs / FCCBs / QIP for an amount not exceeding USD  30 million inclusive of such 
premium as may be decided by the board

Joint Venture with Hyperion 
MIC in joint venture with Hyperion Green Energy India Pvt Ltd has secured the 
Rajahmundry Energy saving project for municipal street lighting. This will be first every 
city in the country to adopt the latest and the most energy efficient LED street lighting 
in India. In this project MIC supply LED Street lights and Hyperion will execute the 
project 
• Railway Orders  
The company which is executing some works for railways currently is expecting the 
biggest ever LED contacts shortly from Indian Railways. Indian railway is working on a 
project to increase the use of LED lighting systems and also set up LED display boards 
at stations for passenger information and other commercial purposes.  

Launching of Solar LEDs 
The company launches solar LEDs for rural areas which are yet to be connected to the 
power grids. These LEDs are cost effective and high performance oriented. These LEDs 
are designed as replacements to kerosene and paraffin lanterns presently in use. The 
company has launched solar LED lanterns of capacity 3watts, 5 watts and 10 watts.  
The company has committed to provide five lakh lanterns to The Energy and 
Resources Institute as part of its global Lighting a Billion Lives (LaBL) campaign. These 
products are prices at Rs.2000 to Rs.2500 each and would give 10 times more light 
than incandescent lights and three times more than the conventional CFLs with more 
than 15 years shelf life.

MIC Electronic Ltd. is an ISO 9001:2000 certified companies, incorporated in 1988 at 
Vijayawada got shifted its base to Hyderabad, Andhra Pradesh (India) in 1990. The company, 
which has started its operation as a manufacturer of Electronic Display Systems, is a global 
leader in design, development and manufacturing LED video displays, high-end electronics and 
telecommunication equipments now. It also develops  software for telecom sector. MIC is the 
only Indian company that has design to manufacturing capability for LED video display. 
In 1994 MIC has started exporting its products and  services. The company’s first export was 
multi-color LED Display System to Jeddah. Saudi Arabia. From 2005, MIC has started taking onshore software development contracts. 
In 2006 the company acquired InfoSTEP Inc., a US based Software Company. This enabled the 
company to have direct access to the US market. MIC Electronics have direct presence in the 
North American and Australian market through it’s subsidiaries in U.S.A. and Australia
 At current market price this stock looking very attractive, with a less PE and good eps and book value. buy at current levels and on dips for long term targets of 46.00 and 60.00

multibagger stocks - MIC ELECTRONICS, KARUR KCP

BUY MIC ELECTRONICS, KARUR KCP. I WILL POST THE DETAILS OF THIS TWO STOCKS LATER

NIFTY LEVELS FOR FEB 14

PIVOT 52.69 R1 : 5360 R2 : 54.10
                       S1: 5218   S2:  5127

multibagger stocks of the month- coming on monday

i would recommend this stock to everyone must buy now, as the stock is at present in buying range. it is trading at half of its book value and a PE ratio of nearly 4 times lesser than industry PE. the sector is also good performing, and this is the only stock have a special product on the markets, no other companys manufacturing this.. i watching this stock from few months, this is the correct time to enter now. comparing other factors this will be a sure multibagger in long term. i will give the details of this stock along with one more stock on monday. And this one is trading less than two times of its book value, and a PE ratio of just 3.2 and 4 times lesser than industry PE. this industry is always having demand and this stock has a bright future in longer term.see this two stocks here on monday.

NIFTY LEVELS FOR FEB 11

Piv: 5231    Res1: 5266   Res2: 5307      Sup1: 5190 Sup2: 5155 

MEDIUM TERM BUY-Vakrangee Software Ltd

Vakrangee Software Ltd


Vakrangee Software Limited develops computer software for corporations and governments uses. Some of the software developed are HRMS (human resource management system) and E-Administrator.


Vakrangee Software Limited is a decent bet in small cap software segment. Their recent quarter revenues and PAT have grown 250% YoY. NPM has been maintained at sames levels of 7%. The company had NPM at 20% levels in FY06, FY07 and FY08 before it took a hit in FY09 to 1.5% and has recovered and maintained at 7% in the last 2 years. IT sector is recovering and NPM can only get better. Its currently trading at a P/E little less than 14 and is priced fairly and is at good levels to buy considering the revenue and PAT growth trend.

PIVOT : 5272  S1 : 4206 S2 : 5159 R1 :5320 R2 : 5356

MEDIUM TERM BUY - ROLTA

buy rolta india BSE: 500366   NSE: ROLTA  at 137.00 below levels for a medium term 4 months target of 155.00

NIFTY LEVELS FOR FEB 09

Piv: 5349   Res1: 5395     Res2: 5478       Sup1: 5266  
 Sup2: 5220

MEDIUM TERM STRONG BUY - PHILLIPS CARBON BLACK

buy phillips carbon black BSE: 506590     NSE: PHILIPCARB   at 126.00 below levels for a medium term six month target of  158.00

NIFTY LEVELS FOR FEB 08

Piv: 5404   Res1: 5432      Res2: 5468 
                Sup1: 5368      Sup2: 5340

short term buy - bajaj hindustan

buy bajaj hindustan BSE: 500032    NSE: BAJAJHIND at  81.00 levels for a short term target of  92.00 with a stoploss  of 77.00

FIIs holding more than 30% in Indian cos

the following stocks have more than 30% of holding of FII's.

Company	%Holding	Rs Crore	No. of Holders	1 Month %Chg
HDFC	59.08	52304	903	(17)
IVRCL Infras	57.22	1133	176	(44)
Jain Irrigation	55.24	4062	248	(11)
Indiabulls Real	55.06	2576	232	(13)
IDFC	50.49	10181	501	(23)
YES BANK	45.6	4150	209	(14)
LIC Housing Fin	41.8	704	195	(8)
Tata Motors (D)	41.36	2783	106	(11)
Shriram TransFi	40.21	6131	272	(13)
Dhanlaxmi Bank	39.78	356	63	(19)
Rei Agro	39.35	978	62	(5)
South Ind Bk	38.61	855	62	(21)
Opto Circuits	37.65	1647	139	(8)
Educomp Sol	37.1	1613	122	(16)
IndusInd Bank	36.93	3768	219	(14)
Infosys	36.6	64011	935	(12)
Axis Bank	36.56	18291	547	(9)
United Phos	35.5	2305	269	(16)
Nagarjuna Const	35.41	946	115	(30)
Info Drive Soft	35.32	32	6	(7)
Zee Entertain	35.08	3942	310	(20)
Sintex India	34.61	1398	137	(22)
Unitech	34.24	3861	287	(34)
Dewan Housing	33.59	919	81	(4)
Hero Honda	33.47	10257	455	(22)
S Kumars Nation	33.39	606	68	(21)
Rolta	32.59	724	108	(13)
Indiabulls	32.25	1534	118	(12)
Stride Arcolab	32.08	719	69	(13)
Redington	31.55	889	75	(10)
Glenmark	31.19	2473	228	(20)
Mcleod Rus	30.51	703	94	(4)
Manappuram	30.25	1359	58	(30)
Radico Khaitan	30.14	699	53