Bata India: Initiate Buy call with a target of Rs920

CMP Rs 816, TGT Rs 920, Stop Loss Rs 785


The stock has been in a long term uptrend but after making a high of Rs989.5 in October 2012 it has been consolidating with a negative bias. Currently the stock is near the weekly trend line support formed by joining the lows of February 2010 and February 2011 which coincides with the 38.2% retracement level of the entire rise from January 2012 to October 2012. BATA INDIA can be accumulated around Rs809 - Rs818 which is expected to provide strong support to the stock.   

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BEST PICK FOR 2013

Sequent Scientific @ 240 For 1 Year View Tgt 450
CHECK CURRENT MARKET PRICE 

BSE: 512529 | NSE: NL | ISIN: INE807F01019 | SECTOR: PHARMACEUTICALS

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LIC Housing Finance: Accumulate at price 282

LIC Housing Finance Ltd (LICHFL), incorporated in 1978, is engaged in the business of providing housing loans, with the objective of making the much coveted dream of owning a home accessible and affordable. Its main business is to provide long-term housing finance to individuals, professionals and to builders & developers for residential & commercial projects.

LICHFL – Ready to augmenting its position of 2nd largest player in Housing Finance

LICHFL is 2nd largest player in Housing Finance Industry with a market share of 11%, and is augmenting its position for increasing its market share in highly competitive home financing space. Also better and controlled focus on a single market gives it a competitive edge over Banks. Management foresees strong demand scenario over the next 7 years considering the supply gaps and under penetration for financing affordable housing, despite of some pockets remaining soft. It has strong pan India presence with 193 offices and +10,000 agents to extend its marketing reach with strong brand recognition of its parent LIC.

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Suzlon Energy: Buy at CMP 18.40

Suzlon Energy made a ‘Double Bottom’ at Rs15 and the this second bottom was formed after 40 trading sessions, so time wise as well as value wise it qualifies as a ‘Double Bottom’. The first upward move from Rs15 to Rs19 took 17 trading sessions and the following downward move took 40 trading sessions, so time wise the retracing wave took significantly more time.

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Britannia Ind: Continuous product innovation to drive future growth

Britannia Industries Ltd (BIL) is one of the largest food companies in India with presence in bakery and dairy products. It also forayed into the breakfast cereals category in FY11.

BIL – One of the Key Players in the Branded Biscuits Category

BIL is one of the key players with ~1/3rd market share in India’s $2.2 bn branded biscuits category having 7 power brands in its kitty (Good Day, Marie, Tiger, Treat, 50-50, Milk Bikis & Nutri Choice). According to the management, BIL’s household penetration at the moment is ~50% which is more than half of the biscuit category’s overall household penetration in India (90%). Biscuits category contributed ~84% to BIL’s standalone revenue in FY12. BIL’s standalone biscuits sales volume and revenue has grown at a CAGR of 6.6% & 14.9% resp. during FY07-FY12. Considering branded food market is growing faster than overall food & non-food market and biscuits being the largest category in the ~$21 bn branded foods market, BIL’s standalone biscuits sales volume and revenue are expected to grow at a CAGR of 3.5% & 11.5% resp. during FY12-FY14E.

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Persistent System: Execution holds the key, downgrade to accumulate

Prabhudas lilladher attended Analysts’ Meet of Persistent Systems. The management highlighted evolution of technology towards social, cloud, mobility and collaboration as an advantage for their growth. Moreover, its IP strategy has fuelled the growth along with industry leading margin. The management has shown keen focus on execution after making few key hires over last one year. Downgrade to “Accumulate” due to valuation concern.

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Tata Motors: Buy above Rs293

Tata Motors is finding support at the black upward sloping trend line. And it is in effect for last 5 months so it should be considered as a valid trend line.

It made an intraday high at Rs290 on Thursday and the previous top was at also Rs289, so once this level is breached decisively HDFC Sec feels there will be more upside in the offing.

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Olympic Cards: Good for short term to long term investment

Established in 1962, Olympic Cards Limited company is the manufacturer and supplier of invitation cards for all occasions. The company provides best quality cards as well as well crafted kudhan meena works and high quality printing services covering all segments of the field. The Founder Mr.N.M. Habibullah,and the Chairman-Managing Director Mr. H.Noor Mohamed, are tycoons in the printing industry with 46 years of experience. A dedicated, talented and determined young generation is behind them.

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NAVNEET PUBLICATION - - BUY AT CMP

The stock of Navneet Publication has shown impressive volumes in last 5 sessions (more than its 6-month average volumes). While doing so it has broken

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NBCC: Buy at CMP 165

The story so far

National Building Construction Corporation – NBCC is the only GOI enterprise engaged in all the 3 business verticals – Project Management Consultancy, Civil Construction & Real Estate. Project Management Consultancy – PMC accounts for 90% of its Rs35bn revenues and its clients include central government organizations. The balance 10% of its revenues comes from civil works and real estate business which involves re-development of old government colonies under the General Pool Residential Accommodation – GPRA in various categories. NBCC employs more than 2200 people and came out with its maiden IPO in April 2012 when the GOI divested 10% of its holding to the Public.

The story ahead

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Houseviews: 2 stocks you should have in your portfolio

Spicejet
Brokerage: Merrill lynch
Rating: Buy
Target: 46
Rationale: In a seasonally weak quarter, Spicejet reported a net loss of Rs 163 crore, compared to a loss of Rs 240 crore

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