SHAH Consultancy Services

04/09/2019

18/08/2015

High Conviction: Buy TCS, Tgt - 3100, Sl – 2598. The consolidation in TCS seems mature enough and the longer term trend should resume, we recommend adding in portfolio.
For important disclosures regarding Motilal Oswal Research, visit:http://ftp.motilaloswal.com/emailer/Marketdiary/DISC/Disclosures.pdf

14/08/2015

We expect market to open flat. Short term idea Buy UPL CMP-552, SL-538, TGT-610. (Disc) - http://www.motilaloswal.com/disclaimer/disclaimer.html

21/01/2015

Change is hardest at the beginning, messiest in the middle, and best at the end.

17/01/2015

"Thinking that we are the perfect & the others need to be corrected
is just like cleaning the mirror,
instead of cleaning our face."

14/01/2015

BHEL - Strong operating leverage, cyclical factors aid recovery – BUY

• BHEL, power segment BTB declined from peak levels of 5.2x in 3QFY09 to 2.3x in mid-FY14, and has since improved to 3.1x in 2QFY15. Our macro analysis suggests that normative ordering will stand at ~20-24gw pa (FY19 power demand at 1.5BUs).

• BHEL expanded offerings to capture a larger share in project ex*****on. Cost structure has also been corrected with various initiatives, including ~90% indigenization levels for supercritical boilers (versus ~70% in bulk tender).

• Company recently bagged projects on nomination basis and is also leveraging business models to utilize cash reserves by taking equity stakes.

• We maintain a Buy with a revised target price of INR325/sh (PER of 18x FY17E).

14/01/2015

The Government is organising a mega investors' summit next month to attract global capital and give a push to its 'Make in India' programme.

The 'India Investors Summit', being organised by World's largest asset manager BlackRock, is expected to be attended by leading fund houses like Abu Dhabi Investment Authority, Temasek Holdings and Harvard University Endowment.

Prime minister Narendra Modi will address the investors on February 3. He is also likely to host a dinner for fund managers.

The representatives of major fund managers who may attend the summit include ACE Ltd, AIA Group, APG, GIC (Singapore), California State Teachers' Retirement System and PSP Investment Board.

14/01/2015

News and Impact

• U.S. stocks fell in afternoon trading on Tuesday, reversing earlier gains of more than 1 percent, led by a drop in materials and energy shares as commodity prices fell further. Most Asian stocks declined as the yen gained a fourth day against the dollar and commodity prices slumped.

• The President of India has cleared amendments to the Mines and Minerals (Development and Regulation) Act (MMDRA) through the ordinance route. The ordinance provides for compulsory auctioning of mineral resources, with no retrospective implications for existing miners. While captive mine holders will have right of first refusal when these mines come for auction, the royalty-linked payments will increase for all mines - Positive for Hindalco, JSW Steel, JSPL, SSLT

• IndusInd Bank - Healthy loan growth (+7% QoQ and +22% YoY), stable NIMs (3.67%) QoQ, pick-up in CV loans (+4%) strong SA deposits accretion (+7% QoQ and +32% YoY) and stable asset quality (GNPAs 1.05%, PCR 70%) QoQ were the key highlights - BUY

• Alok Industries : Gets $250m advance from State Bank of India, part of $1.63b facility
•
Asian Paints: Raised to neutral at Goldman Sachs
•
Can Fin Homes: Prices rights issue at 450 rupees/shr
• KITEX GARMENTS 3QFY15 - Strong margin expansion drives profitability: Kitex Garments Ltd (KTG) reported 3QFY15 numbers with a revenue of INR1.22b (est. INR1.31b), compared to INR995m in

• 3QFY14, marking a YoY growth of 22.8%. Growth was lower than our estimates due to higher-than-normal yearend spill-over of sales by US clients from 3QFY15 to 4QFY15 - BUY

• Financial Tech (FTECH): Seeks shareholders’ approval for
selling stake in Bourse Africa

• Container Corp.: Seeks to raise foreign institutional investment limit to 34% from 30% - Positive for Container Corporation

• Godfrey Phillips, Golden To***co, ITC, VST Industries : Health Ministry plans ban on sale of loose ci******es: PTI

• Godrej Consumer raised to overweight, Hindustan Unilever to equal weight at Barclays

• IndusInd Bank: PT raised 29% to 956 rupees at HSBC, overweight kept

• LIC Housing : Parent Life Insurance Corp. says no plan to review holding in company; NOTE: LIC holds 40.31% stake in LIC Housing

• Mahindra Financial : Gets shareholders’ approval to merge Mahindra Business & Consultancy - Positive for Mahindra Financial

• Max India : May be split into 3 divisions: Economic Times - Positive for Max India

• Tata Coffee : Sets Jan. 27 as record date for stock split

• Media report that Petrol and diesel may become cheaper this week as international oil prices have tumbled to about $45 per barrel - Not any impact on HPCL, BPCL and IOC due the government deregulated both diesel and Petrol (over recoveries nearly Rs4-5/liter).

• Jet Airways - Chairman Naresh Goyal pledged his entire shareholding in the carrier of 51%, valued at over Rs2,600 crore, to Punjab National Bank (PNB)

• Yes Bank - Media reports that the bank is planning to raise up to Rs. 3,000 crore in tier-II or non-equity capital by September. Company will be announced Q3 result today.
• Result today - LIC Housing, NIIT Tech, Yes Bank

18/11/2014

Sacchitanand Uttekar - Technical Strategy

17/11/2014

Sacchitanand Uttekar - Technical Strategy