Thursday, July 5, 2018

Buy Tata Elxsi



Company Background :

Tata Elxsi is an Indian design company and a part of the Tata Group. It provides design and technology services for product engineering and solutions across industries including broadcast, communications, and automotive. It has various business units like broadcast, transport, communication, industrial design, and medical.

It has design studios, development centers, and offices worldwide. Tata Elxsi is a listed company and headquartered in Bangalore, India. Apart from Bangalore, it also has offices in Mumbai, Pune, Chennai, Trivandrum, Kolkata and Chandigarh.

Financial Performance :

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 8450.29 Crore) operating in Information Technology sector.

Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 1201.01 Crore to Sales Value (97.40 % of Total Sales) and Traded Goods which contributed Rs 32.03 Crore to Sales Value (2.59 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 375.38 Crore, up 8.64 % from last quarter Sales of Rs 345.54 Crore and up 15.13 % from last year same quarter Sales of Rs 326.05 Crore Company has reported net profit after tax of Rs 70.29 Crore in latest quarter.

Stock Performance:

During the last 1 year the scrip has given following returns

1 year - 59%
3 months - 32%
1 month - 16%
1 week - 5%

Recommendation :

Buy on declines 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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FSL Buy on declines and hold !



Company Background :

Firstsource Solutions Limited is a provider of a range of business process management services across the customer life cycle delivered through transaction processing. The Company's segments include Banking, Financial Services and Insurance and Non-Banking, Financial Services and Insurance. Its geographic segments has 48 global centres as of FY17 including USA and Canada, UK, India and Rest of the world. It is involved in information technology-enabled services, including business process outsourcing. The verticals contributed 32.2%, 31.8% and 35.8% respectively to the company’s revenue during the financial year 2017.

Its product portfolio includes productized solutions in Customer Interaction Analytics (First Customer Intelligence), Web Chat (First Chat), Process Automation (First Smartomation), Workforce Management (First WF Suite), Complaints Management (First Resolve) and First Digital. It works with both the payer and provider segments of the United States healthcare industry. The Company provides its services to a range of sectors, including healthcare, telecommunications and media, banking and insurance

Stock Performance:

During the last 1 year the scrip has given following returns

1 year - 97%
6 months - 62%
1 month - minus6%
1 week - 1.73%

Recommendation :

Buy on declines 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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Mail - intellinvestor@gmail.com
Whatsapp - 9880080321

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 - 33%
3 months - minus 39%
1 month - minus 10%
1 week - minus 1.73%

Technicals :
Stock has traded lower than  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 115 will be a good resistance point.  Buy for a target price of 175 in next 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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Mail - intellinvestor@gmail.com
Whatsapp - 9880080321

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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www.twitter.com/smartinvestor
Mail - intellinvestor@gmail.com