December 2014 Update On Cement Sector – Prabhudas Lilladher Ltd

The recent acquisition of Jaiprakash associate’s (JPA) 5mtpa MP based plants by Ultratech (UTCEM), has set the tone for talks heard in the street of further consolidation on how many more plants are left in offing? Based on media reports and our channel checks, we feel that JPA may also…

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Buy Kaveri Seed Company Ltd For Target Rs.864.00 – Firstcall Research Ltd

SYNOPSIS *  Kaveri Seed Company Ltd is one of the Largest & Fastest Growing Indian Seeds Company with revenue of INR 10.02 billion (FY14). *  During the quarter, the company’s net profit jumps to Rs. 325.91 million against Rs. 90.09 million in the corresponding quarter ending of previous year, an…

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Buy Kalpataru Power Transmission Ltd For Target Rs.245.00 – Sharekhan

The key takeaways of our interaction with the management of Kalpataru Power Transmission Ltd (KPTL) are as follows: *  KPTL’s stand-alone business of transmission & distribution (T&D) business remains healthy with improving outlook for domestic order flow driven by significant investment in transmission projects from Power Grid Corporation of India…

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Buy Simplex Infrastructures Ltd For Target Rs.390.00 – Firstcall Research Ltd

SYNOPSIS *  Simplex Infrastructures Ltd is the largest pure play civil construction & engineering contractors in India, with more than nine decades of successful operations and completion of over 2700 projects in India and abroad. *  In Q2 FY15, net profit was Rs. 127.40 million against Rs. 112.70 million in…

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Buy Dish TV India Ltd For Target Rs.76 – Religare Securities Ltd

Investment Rationale *  Dish TV witnessed a healthy growth in HD sales and a good traction coming in from sale of the ‘Zing’ brand, further strengthened its position as the fastest growing DTH player in the country. *  The newly introduced Sports driven packaging also found instant favor with subscribers,…

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Highway Hikers – I – Emkay Global Financial Services Ltd

Kolhapur-Pune-Satara Belt In a Nutshell… *  Has Income level in the region been under pressure? *  Weather related issues have impacted yields in the current year, weighing down on farm profitability *  Uptick in non-farm share of family income – risen to 30% vs 10-15% a decade back *  Structurally,…

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Buy Mahindra and Mahindra Ltd For Target Rs.1300 – Angel Broking Pvt Ltd

*  The stock has reverted higher from its support levels of 1200-1210. *  The stock seems to have completed the correction seen from high of 1433 in August 2014. *  On hourly charts, the prices have given breakout of a ‘Falling Channel’ and thus we expect the stock to resume…

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Sell State Bank of India For Target Rs.283 – Angel Broking Pvt Ltd

Justification: As seen in the above chart, stock has given ‘Rising Channel’ breakdown in hourly chart on opening tr ades of December 16, 2014. After a sharp fall of n early 12% fr om ` 326.95 to ` 287, the stock price s bounced back piercingly to ` 312.60 levels.…

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