Archive for the ‘K R Choksey’ Category
23rd April 2008 KRC Market Update
Click here to read 23rd April, 2008 KR Choksey Stock Market Update up to 2.30pm.
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com
Koutons Retail (India) Ltd - KRC Stock Recommendation
Koutons Retail (India) Ltd
Initializing Coverage
Key Data
|
CMP |
Rs 766.05 |
|
Date |
April 22nd 2008 |
|
Sector |
Retail |
|
Face Value |
Rs.10 |
|
BSE Code |
532901 |
|
52 Week H/L |
Rs 1098/ 515 |
|
Market Cap |
Rs 1417 Cr |
Investment Rationale
The Company was incorporated on November 25, 1994 as Charlie Creations Private Limited. The company name was changed to Koutons Retail India Private Limited with effect from February 7, 2006. The company has an integrated apparel manufacturing and retail company in India engaged in the business of designing, manufacturing and retailing apparel under the ‘Koutons’ and ‘Charlie Outlaw’ brands through a network of 999 exclusive brand outlets (as of August 20, 2007) across India.
22nd April 2008 KRC Post Market Analysis
Market Commentary
|
|
No. of Scrips |
Value (Crs.) |
|
Advances |
676 |
9761 |
|
Declines |
546 |
5721 |
|
Unchanged |
23 |
33 |
|
Total |
1245 |
15515 |
Market Activity: Indices were down around 0.2% tracking the fall in overseas markets, but off the 1% low hit at the open.
At 10.10AM, Sensex was at 16710.47, down 28.86 points or 0.2%. Nifty was at 5030.75, down 6.40 points or 0.1%.
Reliance Industries was flat compared with 1% decline earlier. The company Monday reported Jan-Mar net profit of Rs 39.1 bn in line with market estimates. TCS was down over 7% as the company’s Jan-Mar net profit was below market expectations. The stock was the worst hit on Nifty. Satyam Computer Services fell 4%, while Wipro was down 3%. Kiri Dyes and Chemicals listed at Rs 184 on NSE, against an issue price of Rs 150. The stock was trading at Rs 190.
In the mid trading session, indices rose slightly, as key European markets were coming off lows. Earlier market was down 1% on weak Asian cues. Trade was choppy as investors rolled over positions ahead of expiry of the April futures contract Thursday. At 1.10PM, Sensex was at 16780.04, up 40.71 points, or 0.3%. Nifty was at 5052.50, up 15.60 points, or 0.3%. NALCO and Unitech, up 4% each, were top Nifty gainers. DLF, Zee Entertainment Enterprises, and BHEL gained 3% each. The small and midcap indices were, however, still holding on to marginal gains. Coromandel Fertilizers was up over 5% on Jan-Mar earnings. Technology shares extended fall from earlier in the session. Tata Consultancy Services was down 10% as Jan-Mar earnings were below estimates. HCL Technologies and Satyam Computer Services were down around 5% each.
Indices ended up around 0.3%, but off the 1% low hit earlier in the session. Sentiment was aided as key European markets recouped losses made in early trades. Sensex provisionally ended at 16783.87, up 44.54 points. Nifty closed at 5049.30, up 12.30 points. Technology shares were the worst hit on Nifty as investors took profits after Tata Consultancy Services Monday reported below-expected Jan-Mar earnings. Tata Consultancy Services, down 11%, was the worst hit on Nifty. Satyam Computer Services and HCL Technologies were up around 5% each. BHEL, up 6%, Unitech, and Idea Cellular, up 5% each, were other major Nifty gainers. Debutante Kiri Dyes and Chemicals ended at Rs 157 after listing at Rs 184 against an issue of Rs 150.
22nd April 2008 Market Updates By KRC
Click here to read 22nd April, 2008 KR Choksey Stock Market Update up to 02.30pm.
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com
Sun TV Network Ltd - KRC Stock Recommendation
Sun TV Network Ltd
Initiating Coverage
Key Data
CMP Rs 296.60
Date April 21st 2008
Sector Media & Entertainment
Face Value Rs.5
BSE Code 532733
52 Week H/L Rs 1779/ 260
Market Cap Rs 11783 Cr
Investment Rationale
Sun TV follows a unique business model with regards to sourcing content as compared to its competitors. Most of the content is sourced in house and for its outsourced content, it brings down the cost by selling advertisement time slots to its content providers instead of buying the content outright. This helps the company follow a low cost content sourcing model and helps it maintain high operating margins. Sun TV sources close to 75% of its content requirement in house – 40-45% is movie based, 8-10% is news and the rest is game shows, talk shows and variety shows. Movie and movie related content generates high viewer ship in South India. The Sun Network has acquired around 80% of the movies which are released in southern India. It has a library of 8,000 movie titles and holds perpetual rights for close to 95% of its movies. Sun TV Network has presence across genres like general entertainment, movies, music, and news, except in Kerala, where it offers only general entertainment and movies. We believe that a bouquet of offerings spanning the above genres adds to viewer stickiness. The company has added a new channel, Chutti TV, positioned as the first Tamil kids channel. Chutti TV has been a big hit – its TRP ratings (4.75%) are higher than some of the Tamil GECs.
21st April 2008 Post Market Analysis
Market Commentary
|
|
No. of Scrips |
Value (Crs.) |
|
Advances |
979 |
10960 |
|
Declines |
253 |
2832 |
|
Unchanged |
11 |
23 |
|
Total |
1243 |
13815 |
Market Activity: Share indices rose nearly 2% as firm cues from overseas markets helped investors shrug off Thursday’s 50-basis-point hike in banks’ cash reserve ratio.
At 10.15AM, Sensex was at 16765.49, up 284.29 points or 1.7%. Nifty was at 5043.90, up 85.85 points or 1.7%.
All Sensex and Nifty shares rose. Interest rate sensitive sectors such as banking, realty and auto were resilient to the CRR hike. Housing Development Finance Corp gained 4%, while DLF was up 2%. Technology shares extended gained after Wipro and Satyam Computer Services‘ Jan-Mar earnings. Wipro was up 4% and Tata Consultancy Services gained 3%. Satyam Computer was up over 1%. Titagarh Wagons listed at its issue price of Rs 540 on NSE. The stock was trading at Rs 69.
In the mid trading session, indices were up over 1% but off the 2% high made earlier in the session on some profit taking. At 1.15PM, Sensex was at 16676.62, up 195.42 points, or 1.2%. Nifty was at 5024.45, up 65.80 points, or 1.3%. Firm trend in Asian markets and optimism ahead of Reliance Industries’ Jan-Mar earnings helped sentiment here. However, most key European markets opened slightly weak, with the exception of FTSE 100 that was trading up 0.3%. Shares of metal and capital goods companies were top gainers on Nifty. Tata Steel was up 5.5% and Larsen & Toubro gained over 2%, while ABB was up 1%. Technology shares retreated as the rupee rose against the dollar. Satyam Computer Services and Infosys Technologies fell 1% each. Zee Entertainment Enterprises, down 2.5%, and GAIL, down 1%, were other major Nifty laggards.
Share indices ended nearly 2% up in line with other key Asian markets, with Nifty ending above 5000 for the first time since the Union Budget on Feb 29. Market did not react to the 50-basis-point hike in banks’ cash reserve ratio as it was factored into share prices. Sensex ended at 16739.33, up 258.13 points. Nifty ended at 5037.00, up 78.60 points. Capital goods and bank shares were top gainers on Nifty. ABB ended up 5% and HDFC Bank was up 4%. Zee Entertainment Enterprises down 4%, and Satyam Computer Services down 2%, were the worst hit on Nifty.
21st April 2008 Market Update By KR Choksey
Click here to read 21st April, 2008 11.30am to KR Choksey Stock Market Update.
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com
Bharat Shipyard Ltd - KRC Stock Recommendation
Bharat Shipyard Ltd
Q3FY08 Result Update
Key Data
CMP Rs 510
Date April 17th 2008
Sector Ship building/ Breaking
Face Value Rs.10
BSE Code 532609
52 Week H/L Rs 865/ 349
Market Cap Rs 1406 Cr
Investment Rationale
The current order book of Bharati Shipyard (BSL) is Rs 4,639 crore to be executable by FY2010. The order book to sales ratio stands at 10.9x FY07 revenues and 9.4x TTM revenues giving a clear visibility of revenues in the years to come. 67% of the order book of BSL comprises of exports and the balance 33% is domestic. More than 70% of the orders are for offshore support vessels, multipurpose vessels, platform supply vessels etc. BSL’s Mangalore yard will have a capacity to build vessels up to 60,000 DWT (Dead Weight Tonnage). The yard will focus more on specialized ships like tankers, bulk carriers, container ships, chemical carriers, product carriers etc. The machinery from the acquired Swan Hunter Shipyard would be transferred to Mangalore. The Mangalore yard is expected to commence shipbuilding operations by Dec 2008. With the initial focus on building rigs and dry bulk carriers, BSL can achieve faster capacity utilization and enhance the profitability in the upward shipbuilding boom. The company’s operating margins range from 19 to 21% (excluding subsidy) on a yearly basis. Going forward, we expect BSL to sustain the margins. This is due to the company’s policy of covering raw material purchases on a back to back basis (so as to hedge against any volatility in the prices of raw materials like steel).
17th April 2008 KRC Post Market Analysis
Market Commentary
|
|
No. of Scrips |
Value (Crs.) |
|
Advances |
852 |
12120 |
|
Declines |
268 |
3418 |
|
Unchanged |
22 |
7 |
|
Total |
1242 |
15545 |
Market Activity: Key share indices were up over 1% on firm cues from overseas markets.
At 10.14AM, Sensex was at 16448.48, up 204.29 or 1.2% from Wednesday’s close. Nifty was at 4938.35, up 51.05 points or 1.1%.
Technology and bank shares led gains, with Satyam Computer Services up 3.5%, top Nifty gainer. HDFC Bank and ICICI Bank were up 2% and 1%, respectively. Mindtree Consulting surged 15% after it Wednesday declared a bullish earnings outlook for 2008-09 (Apr-Mar). Orchid Chemicals & Pharmaceuticals fell 1% on profit sales after having risen 39% in the past three sessions, Hero Honda Motors, down 1%, was the sole laggard on Nifty.
17th April 2008 Market Commentary By KR Choksey
2.30PM Current News
- GMR Infra’s energy arm buys 5% stake in South Africa mining co
- TVS Motor: To launch 2 new Rs 40,000 two-wheelers in 1 year
- Frontline bank shares stayed firm, after headline inflation for the week to Apr 5 eased to 7.14% from 7.41% ago
Sector / Company
SBI, Macquarie, IFC enter pact to float $2 b fund. SBI is currently trading at 1700.25 up 2.05 % with a support of
1670 and a resistance of 1735. Read More.
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Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com
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