Cheers for Siemens.....call closed (Rohit saxena)

Dear All,

 

 

Cheers for Siemens Cmp 839.50Rs, Todays High 839.90Rs, near to given target Rs 840 as per 20th Oct updation.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

L&T Q2 net profit at Rs7.98bn

Nifty Spot 5057, -35points down Today L&T Cmp 1343Rs, High 1417.90Rs, Low 1340Rs, 3% down.

The total income was at Rs112.45bn.

Larsen & Toubro Ltd has posted results for the second quarter ended 30th September, 2011. The net profit was stood at RsRs7.98bn as compared to Rs7.65bn for the corresponding quarter. The total income was at Rs112.45bn. Order inflows in Q2 stood at Rs. 161bn, taking the total order book position to Rs. 1.42 lakh crores. L&T's EBITDA margin for Q2 FY12 stood at 10.44%. L&T's EBITDA margin for Q2 FY12 stood at 10.44% versus 10.78% in the same period of last fiscal year. The company has revised order inflow guidance to 5% from 15%. The outlook for FY12 revenue growth has been retained at 20-25%.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Buy and Hold Siemens.....Rohit saxena

Buy and Hold Siemens Cmp 809, buy between 796 to 812, target 840 Rs (stoploss 795Rs strictly follow)

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

why i recommend to you all go with IGL on 17th Oct 2011.......Indraprastha Gas (Q2 FY12)......Rohit Saxena

Dear All,

 

Result analysis of IGL

• During Q2 FY12, IGL reported net sales of Rs5.98bn a jump of 33.7% yoy. Growth was driven by 14% yoy higher CNG volumes and 62.4% jump in PNG volumes. Realizations for CNG were higher by 8.5% yoy, while that of PNG were higher by 10.6% yoy following a price hikes implemented over the past few quarters to offset the impact of APM gas price hike and consumption of higher priced R-LNG. Sequentially IGL reported a revenue growth of 11.2% driven by both higher volumes and improved realizations.
  
• OPM was lower by 148bps yoy on account of increased raw material costs (higher APM gas price and increased consumption of R-LNG). On a sequential basis margins plummeted by 303bps. The gross margin per unit of products sold was flat on yoy basis but fell 7% sequentially. We believe the company would be able to maintain its gross margin per unit of products sold.

Key takeaways from the conference call

• Currently 15% of IGL's gas requirement is being met by R-LNG, majority of which is on contract basis. Small volumes of spot R-LNG is also purchased based on demand from industrial customers.
  
• At the beginning of Q3 FY12, the company raised prices of CNG to offset the impact of higher contribution of R-LNG in the supply basket.
  
• PNG volumes were below estimates owing to plant shutdowns at two of IGL's major industrial customers. Industrial sales were higher by 95% in value terms and by about 75% in volume terms. Volume growth would have been higher by 5-8% had it not been for the two shutdowns.
  
• Overall the company expects to register a 3-year volume CAGR of 20%. By FY16, the company expects contribution of CNG to reduce to 60%. For CNG, apart from addition of 60,000-70,000 private cars, the company expects 4,000 DTC buses to be added.
  
• For FY12, the company expects to spend about Rs6bn in capital expenditure of which Rs3bn has been spent in H1 FY12. For FY13, the company expects a spend of Rs5bn towards capital expenditure.

Financial results

(Rs m)	Q2 FY12	Q2 FY11	% yoy	Q1 FY12	% qoq
Net sales	5,975	4,468	33.7	5,374	11.2
Material costs	(3,581)	(2,547)	40.6	(3,004)	19.2
Personnel costs	(100)	(99)	1.3	(99)	0.7
Other overheads	(715)	(575)	24.2	(687)	4.1
Operating profit	1,580	1,247	26.6	1,583	(0.2)
OPM (%)	26.4	27.9	(148 )bps	29.5	(303) bps
Depreciation	(344)	(239)	44.2	(322)	6.9
Interest	(118)	(20)	482.6	(90)	30.4
Other income	15	5	178.2	13	11.2
PBT	1,133	994	14.0	1,185	(4.4)
Tax	(360)	(331)	8.9	(384)	(6.2)
Effective tax rate (%)	31.8	33.3		32.4
Adjusted PAT	772	663	16.5	801	(3.6)
Adj. PAT margin (%)	12.9	14.8	(191) bps	14.9	(198) bps
Ann. EPS (Rs)	22.1	18.9	16.5	22.9	(3.6)

Source: Company, India Infoline Research
 
Outlook and valuation

• Going ahead, we expect volume growth to remain strong for both PNG and CNG. CNG volumes will be driven by increasing private vehicle conversions (currently 5,000 vehicles/month), while PNG volumes will be propelled by higher penetration amongst households.
  
• We expect IGL to witness a revenue CAGR of 34% and a PAT CAGR of 18% during FY11-13E. We maintain our Market Performer rating and 9-month price target of Rs427. 

Valuation summary

Y/e 31 Mar (Rs m)	FY10	FY11	FY12E	FY13E
Revenues	10,781	17,505	24,433	31,411
yoy growth (%)	26.4	62.4	39.6	28.6
Operating profit	3,808	4,987	6,524	7,540
OPM (%)	35.3	28.5	26.7	24.0
Pre-exceptional PAT	2,155	2,598	3,152	3,596
Reported PAT	2,155	2,598	3,152	3,596
yoy growth (%)	24.9	20.5	21.3	14.1
EPS (Rs)	15.4	18.6	22.5	25.7
P/E (x)	25.8	21.4	17.6	15.5
Price/Book (x)	6.7	5.5	4.5	3.7
EV/EBITDA (x)	14.3	11.2	8.5	7.3
Debt/Equity (x)	0.0	0.2	0.6	0.5
RoE (%)	28.6	28.4	28.2	26.4
RoCE (%)	41.8	38.1	33.0	28.5

 

 

Buy IGL cmp 396Rs (buy between 388 to 397) Short term target 422Rs and Medium Term target 457Rs.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Go with IGL.......Rohit Saxena

Buy IGL cmp 396Rs (buy between 388 to 397) Short term target 422Rs and Medium Term target 457Rs.

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Performance update on 25th sep Updation : Add & Accumulate :- These two Midcap Stock.......in your portfolio for Medium term and short term growth.

Dear All,

 

Petronet LNG Cmp 164Rs, 5% up.

 

YesBank Cmp 290Rs, total 18% up

 

Gold (in spot market) 2730Rs/gm (1unit) 4% up

 

Silver (in spot market) 5430Rs/100gm (1unit) 4.4% up

 

 

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Stay with Gold and Silver for atleast 6 months.

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

RIL expected 15% growth

Competition to heat up in Housing finance market?

Dear All,

Nice report on NBFC's- Housing finance companies led by HDFC may see some pressure on NIM's as ICICI Bank increases aggression and RBI hints and removal of prepayment charges. Please note that new housing loans are currently being offered at 10.5-11% while existing home loan customers are paying around 12.5%. Removal of prepayment charges will encourage existing home loan customers to shift between housing finance companies. 

 

Our View: Stay away from housing finance companies till clarity emerges.

  

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Buy Hindalco Cmp 129.50Rs, target price 139Rs, stoploss strictly follow 127Rs.

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Thanks & Regards 
R. Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Cheers to yes bank call closed........Rohit saxena

Dear All,

 

 

Yes Bank Cmp 277.40Rs todays high 278.95Rs, recommended price was 250Rs, total return more than 11% 

 

 

Updation as per 4th Oct : Re-Enter in YesBank, TataMotors, Gail India.....Rohit saxena

 

.
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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Buy and Hold HDIL Cmp 97Rs, (buy between 92.10Rs to 97Rs) target Rs 109Rs, stoploss 92Rs strictly follow.

 

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Cheers for Titan......Call Closed

Titan Cmp 214.30Rs, todays high 214.90.........target was 214Rs as per 29thsep 2011.

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Update: Buy & Hold Titan for One month.........Rohit Saxena

Dear All,

 

Cheers for Titan Cmp 208Rs 5.5% Up today target was 214Rs...... stock moving up.....book partial profit (50%)

 

 

Note:- as per Date: Thu, Sep 29, 2011 at 2:59 PM


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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Cheers to YesBank, TataMotors.....Rohit saxena

Dear All,

 

 

Tata motors Cmp 157Rs, todays High 159.30Rs, 7%  Up Today Call closed.

 

Yes bank Cmp 263Rs Todays High 264.95Rs 7% up today....stock on the way......suggest book partial profit (50%)

 

Gail Cmp 411.50Rs, todays high 419Rs, 1.5% Up.......Hold it.

Note:- Update as per 4th Oct : Re-Enter in YesBank, TataMotors, Gail India.......Rohit saxena

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Multibagger Tip.....Buy and Hold SRF.......Rohit Saxena

Dear Friends,

 

 

Buy and hold SRF Cmp 291Rs, buy between 265 to 291 and make avarage at every  5 to 10 % difference. It will be multibagger stock in few 2 to 3 years otherwise in short term also you make money in this stock.

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Good news for Idea cellular investors.

Dear Investors,

Good news for Idea cellular investors, read latest news at economic times. http://economictimes.indiatimes.com/news/news-by-industry/telecom/tata-group-and-aditya-birla-group-reach-pact-over-idea-cellular-dispute/articleshow/10239314.cms
Long standing dispute seems to come to and end.  Now idea cellular is a all India player which can increase its revenue in new geographical locations.

Keep an eye on Idea stock.

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Venkata

Re-Enter in YesBank, TataMotors, Gail India.....Rohit saxena

Dear All,

 

 

Buy Yesbank Cmp 250Rs (Buy between 242 to 250Rs) target 277Rs.

 

Buy TataMotors Cmp 145.50Rs (Buy between 139 to 146) Target 157Rs.

 

Buy Gail India Cmp 411Rs (Buy between 400 to 412) Target 432Rs

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

View on Nifty.......Equity Analysist

Dear All,

 

Greece will remain the focus for the time being as EU finance ministers are going to meet today in Brussels while everybody is waiting for troika's report on Greece's situation.

On this aspect my readings on TMC says that Nifty will be in the range of 4820 - 4890 for the day and even for tomorrow. From 5th of Oct we should see a reversal in trend and I expect it to be positive. My expectation is that Nifty should cross the 5045 mark by next week and probably we are heading for 5185. 

If you are going to take any long positions based on this I suggest you to keep a strict stop loss of 4760.

 

 

 

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Thanks & Regards 
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com