Our Target achieved in Amara Raja Batteries Ltd.

We had recommended a buy call on Amara Raja Batteries Ltd. in our post on 25th March, 2013 click here and further we posted on the same stock on 29th April, 2013 click here. The stock is currently trading at Rs. 335. We recommend to hold for a further more target of Rs. 380 in short term and then investors can book profit. Also the market is very volatile at the moment, so investors with low risk profile can book profit at the moment since the stock already tested a high of Rs. 341 in previous trading sessions.

Note : Amara Raja Batteries Ltd is a Shariah Compliant stock and hence those investors who are following shariah guidelines can invest in this stock. Its Ethical to invest in this particular stock as of today 20th November, 2013. We will update if this stock is removed from the list of Shariah Compliant Companies.

Our Target Already achieved in Mindtree Ltd.

We had recommended a buy call on Mindtree Ltd. in our post on 7th Sept, 2013 click here. The stock is currently trading at Rs. 1380. We recommend to hold for a further more target of Rs. 1450 in short term and then investors can book profit.

Note : Mindtree Ltd. is a Shariah Compliant stock and hence those investors who are following shariah guidelines can also invest in this stock. Its Ethical to invest in this particular stock as of today 13th November, 2013. We will update if this stock is removed from the list of Shariah Compliant Companies in future.

Buy Emami Ltd. One Of The Best Stock In FMCG Sector Also Shariah Compliant - CMP 479.70, Target Price 575

Strong product portfolio in niche categories

Emami operates in niche categories like cooling oils, pain balms, antiseptic creams and men’s fairness creams with dominant market shares. Emami enjoys strong pricing power in most segments, thanks to its dominant market shares and minimal competition from large companies. Emami continues to record healthy mid-double digit revenue growth in the domestic business, witnessing a ~20% CAGR over the past three years. The international business revenue contribution is expected to increase to 18-20% from current ~10% over the next five years led by strong growth in Bangladesh and GCC. We expect Emami to witness 16% revenue CAGR over FY13-15.

 New product pipeline to secure long-term growth

Emami has an established track record of launching new brands and categories (like Men’s whitening cream) and transforming brands to block-buster brands. Emami continues to churn out new products that are either in niche segments or occupy differentiated positions within large categories. Over the past 2-3 years, Emami focused on growth in existing brands. However, in CY14, 3-4 new launches and brand extensions are likely to secure long-term growth. Emami is looking at OTC/healthcare as a future growth driver and is planning to expand its portfolio.

Margins to expand, recommend Buy

Given that rural growth is outpacing urban growth, Emami plans to add 75,000 to 100,000 outlets to its direct distribution reach in FY14, which will further fuel revenue growth. With menthol prices (key raw material input comprising ~35% of Emami’s total raw material cost) coming off, Emami’s margins can potentially see significant upside of ~220bps in FY14. We believe, growth in low-penetration core categories, sustained product innovation, and expansion in the international business will drive ~19% earnings CAGR over FY13-15. Recommend Buy rating on the stock.

Source : IIL Ltd.  

Note : Emami Ltd is a Shariah Compliant stock and hence those investors who are following shariah guidelines can invest in this stock. Its Ethical to invest in this particular stock as of today 9th November, 2013. We will update if this stock is removed from the list of Shariah Compliant Companies.

Our target achieved in Rallis India Ltd

We had given a call on Rallis India limited click here for a target of Rs.160. The stock touched a high of Rs. 165.90 in today's trading session on BSE, The stock is good for long term. Short term investors can book profit.

Mindtree Ltd: Improving Momentum! – BUY

Mindtree Ltd: Improving Momentum! – BUY
CMP Rs1,031, Target Rs1,210

Deal wins, improving PES biz to help improve momentum
Mindtree's performance over the past couple of years, though not sector leading, has shown definite signs of improvement. This was supported by the sustained traction in IT services business owing to its specialized go-to-market strategy, robust client mining and more recent improvement in demand. Over past four to six months, the deal momentum has shown improvement with higher deal visibility and conversion ratios. The Product engineering (PES) business which was in the midst of restructuring and certain client specific ramp-downs too seems to have turned the corner as evidenced by better management commentary and improving discretionary spending.

Margin outlook stable on the back of multiple levers
Margin performance of Mindtree has been impressive with a sizeable part of the up-tick over FY13 coming from operational improvements. Despite the negative impact of salary hikes, branding expenses and visa costs (total of ~350bps+), the margin expanded 530 bps supported by weak rupee, operational efficiencies and realisation improvement. Decent margin levers in the form of sustained rupee depreciation, utilisation headroom, employee pyramid and improving fixed price projects contribution should help margin performance going forward. Also, considering the relatively high offshore concentration, the negative impact of possible protectionist move in the key markets should be offset to a certain extent.

Attractive pick in backdrop of improving sector dynamics
Better-than-expected and well rounded Q1 FY14 results for most IT companies in our coverage as well as improving management commentary have lowered concern on the demand environment. The expectation of a stronger FY14, better deal visibility/wins as well as push back on the timing/possible impact of US immigration bill have increased sector attractiveness. This is especially true considering the weakened investment thesis for large part of the market, resultantly making IT a safe haven. Within IT, we believe, Mindtree valuations continue to be attractive at 8.5x FY15E earnings (vis-a-vis its historical average of 12x). Maintain BUY. 

 Source: IIFL

Note : Mindtree Ltd. is a Shariah Compliant stock and hence those investors who are following shariah guidelines can also invest in this stock. Its Ethical to invest in this particular stock as of today 7th September, 2013. We will update if this stock is removed from the list of Shariah Compliant Companies in future.

Our Target Achieved in Tata Global Beverages Recommended on 29th June, 2013 Long Back

We had recommended our readers and investors to buy Tata Global Beverages in our post on 29th June, 2013 for a target of Rs. 149 which touched a high of Rs. 159.7 on 31st July, 2013. Also the stock is performing very nicely on both the indices currently. Long term investors can wait and watch for more gain since the company is technically strong and is one of the Shariah Compliant stock in Indian stock market. So keep visiting and happy investing.

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