Sunday, January 28, 2018

Bharat Electronics Limited - Buy for long term


Company Background :
Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for the defense requirements, as well as for nondefense markets. The Company's principal products/services include weapon systems, radar and fire control systems, and communication. Its defense products include defense communication; radars; naval systems; command, control, communications, computers, and intelligence systems; weapon systems; telecom and broadcast systems; electronic warfare; electro optics, and solar photovoltaic systems. 

Its non defense products include turnkey system solutions; civilian radars; e-governance systems, and homeland security. Its other range of products include electronic voting machines, communication equipment, radar warning receiver and casings. It offers electronic manufacturing services in areas of printed circuit board assembly and testing; precision machining and fabrication; opto electronics components and assemblies, and offsets, among others.

Stock Performance:
The company has made stock split from a face value of INR 10 to Re.1 during the year.

The scrip has touched a low of 135 and a high of 189.  The delivery volumes have increased indicating increased interest by investors.  Large deals indicates fund buying at lower levels.

During the last 1 year the scrip has given following returns 

12 months - 28%
6 months - 8%
3 months - 3%
1 month - minus 5%
1 week - minus 3%

Technicals :
Stock has traded higher than 5 day, 100 day and 200 day moving average but lower than 20 day and 50 day moving average. This indicates the scrip has consolidated at lower levels and is ripe for moving upwards.

Recommendation :
Buy and add to your long term portfolio.  In the short term 151 will be a good resistance point.  Buy for a target price of 175 in next 6 months and 250 for 18 months holding in view of the quarter on quarter improvement in financials

Raghav
Equty Research Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

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Wednesday, January 10, 2018

Become a VIP



Buy - VIP Clothing on declines

Company Background :

VIP Clothing Limited, formerly Maxwell Industries Limited, is in the business of manufacturing and marketing of undergarment in the name of registered VIP Brand. It is engaged in manufacturing hosiery product. It is engaged in manufacturing, marketing and distribution of Men's, Women's inner wears and Socks under brand name Frenchie and Feelings. Feelings range offers fundamental, fancy and functional products that are designed for women. 

VIP Feelings includes categories, such as Nursing Bra's and Sanitary Panties. VIP Leader range consists of Vest, Briefs and Trunks. Leader also offers products for the kids. The Company caters to the Middle East, the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. It caters to various brands, including Germany, the United Kingdom, Greece, Korea and the United States. 

It has manufacturing plants located in Gujarat and Tamilnadu. Its Gujarat Manufacturing Plant has a potential of producing approximately 80,000 pieces (pcs) per day.

Stock Performance:

During the last 1 year the scrip has given following returns 

1 year - 71.75%
9 Months - 60.99%
6 months - 29.09%
3 months - 54.84%
1 month - 46.62%
2 weeks -16.48
1 week - 12.73%

Recommendation :

Buy and add to your long-term portfolio.  Do not plan to sell unless you have better investment options.

Raghav
Equity Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

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Tuesday, January 9, 2018

Buy Cochin Shipyard on declines for Long Term

Company Background :

Cochin Shipyard Limited is an India-based company. The Company is focused on providing cater to clients engaged in the defence sector in India and clients engaged in the commercial sector. In addition to shipbuilding and ship repair, the Company offers marine engineering training. The Company’s docks include ship repair dock and shipbuilding dock. 

Ship repair dock is enables to accommodate vessels with a maximum capacity of 125,000 DWT. In addition, ship repair dock offers a flexible range of products such as, tankers, product carriers, bulk carriers, passenger vessels, high bollard pull tugs, and air defence ship. Shipbuilding dock can accommodate vessels with a maximum capacity of 110,000 DWT. The Company has built a variety of vessels ranging from bulk carriers, tankers and passengers ships to offshore support vessels and port crafts.

Stock Performance:

Company came with IPO this year and we can track performance for last 3 months

The scrip has touched a low of 196 and a high of 282.  The delivery volumes have increased indicating increased interest by investors.  Large deals indicate fund buying at lower levels.

3 months - 4.42%
1 month - minus 3.54%
2 weeks - minus 2.54%
1 week - minus 2.3

Recommendation :

After touching 580 the scrips has been trending down and is now at an inflection point.

Buy and add to your long term portfolio.  In the short term 520 will be a good resistance point.  Scrip can reach  Target price of 625 in next 3 months and 750 for 12 months holding in view of the quarter on quarter improvement in financials

Raghav
Equity Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

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Tuesday, December 5, 2017

Buy Coffee Day - A Lot will happen now !



Company Background :

Coffee Day Enterprises Limited primarily operates café coffee outlets in India and internationally. It operates through Coffee and Related Business, Integrated Multimodal Logistics, Financial Services, Leasing of Commercial Office Space, Hospitality Services, and Investment segments. The company operates a network of 1,682 café outlets under the Café Coffee Day, The Lounge, and The Square names in 241 cities; 537 Coffee Day Xpress kiosks in 22 cities in India; and 41,845 vending machines in corporate workplaces and hotels, as well as provides coffee beans and powder through its 415 Fresh and Ground Coffee retail stores. 

It also provides integrated logistics services, such as port handling, road and rail, logistics, container freight stations, and mining. In addition, the company develops and manages technology parks and related infrastructure for information technology (IT)/information technology enabled services (ITeS) enterprises in Global Village and Tech Bay, Karnataka. Further, it owns and operates three luxury resorts located in Chikmagalur, Bandipur, and Kabini, Karnataka under The Serai brand name; and offers wealth management, broking, portfolio management, and investment advisory services, as well as investments in other companies. Additionally, the company exports cured coffee to Europe, the Middle East, and Japan. Coffee Day Enterprises Limited was founded in 1993 and is headquartered in Bengaluru, India.

Stock Performance:

During the last 1 year the scrip has given following returns 

The scrip has touched a low of 196 and a high of 282.  The delivery volumes have increased indicating increased interest by investors.  Large deals indicates fund buying at lower levels.

1 year - 30.39%
6 months - 6.93%
3 months - 6.22%
1 month - 18.54%
1 week - minus 1.96

Recommendation :

Buy and add to your long term portfolio. The scrip may correct in the short term, and Rs.290 is the support level in case of a correction.  Target price of 325 in next 3 months and 400 for 18 months holding in view of the quarter on quarter improvement in financials

Investment Rationale :

Largest chain of coffee shops spread across India.  Robust income and margins ever growing consumer base.

Raghav
Equity Research Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

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Mail - intellinvestor@gmail.com
Whatsapp - 9880080321

Sunday, November 5, 2017

Pick up this 'Idea' Sirji



Company Background :

Idea Cellular Limited is an India-based company engaged in wireless telecommunication services. The Company operates in two business segments: Mobility Services, which provides global system for mobile communication (GSM) based mobile and related telephony services, and International Long Distance (ILD), which provides international long distance services. It is a mobile telecommunications operator offering voice, data and other value added services (VAS). It provides GSM-based second-generation (2G) services in approximately 20 service areas in India. 

The Company offers third generation (3G) services in over 20 service areas. It offers 3G services in over 10 service areas pursuant to spectrum allocated to it and in remaining service areas through intra-circle roaming (ICR) arrangements with other mobile telecommunication service providers. It also offers fourth generation (4G) services in over 10 service areas through 1800-megahertz (MHz) spectrum.

Stock Performance:

During the last 1 year the scrip has given following returns 

12 months - 47%
6 months - 29%
3 months - 14%
1 month - 43%
1 week - 14%

Recommendation :

Buy and add to your long-term portfolio.  In the short term 90 will be a good resistance point.  The scrip may correct in the short term, and Rs.70 is the support level in case of a correction.

Investment Rationale :

1. Sound management - part of Aditya Birla Group
2. Merger of Voda makes it 3rd largest player
3. Telecom industry rerating - 
4. Higher potential to double compared to peers Bharti Airtel which has already doubled.

Raghav
Equity Research Analyst

Smart Investor 
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

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Mail - intellinvestor@gmail.com
Whatsapp - 9880080321