Category Archives: Stock Market

TATA CONSULTANCY SERVICES (TCS) – Multibagger Stock Tip

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TATA CONSULTANCY SERVICES {TCS}:

Company Overview:

Tata Consultancy Services [TCS] is an IT Services & IT Consulting Company Founded in 1968 by the Founder J.R.D Tata and the company quarters situated in Mumbai and TCS had 183 offices across 43 countries and 117 delivery centers across Twenty One countries. At the same date TCS had a total of Fifty Eight subsidiary companies. The Key Persons were Mr. Cyrus Mistry, Chairman and Mr. N. Chandra sekaran, C.E.O & Managing Director.

Company Revenue Back-Ground:

Tata Consultancy Services has for the first time crossed the USD 3 billion mark in its quarterly revenues and the growth has been pretty extensive based.

Tata Consultancy Services has position decent numbers for the quarter ending by March 2013. The Revenues from operations on consolidated basis increased by around 24% at Rs.16431 crores vs Rs.13259.33 crores YoY. A huge chunk of growth is driven by Sale of tackle and software licenses which grew sharply by 61% at Rs.580 cr from Rs.361 cr YoY. Tcs has spectator strong volume growth of 4.4% q-o-q. Operating profit jumped 17.66% at about Rs.4618 crores as against Rs.4661 crores in the like period last year. Tata Consultancy Services has reported 25% rise in its net profit at Rs.3616 crore for the quarter as compared to Rs. 2895 crore for the same quarter in the previous year. EPS stood at Rs.18.47. On the margin front; in service profit margin has dipped by 150 bps at 28.10% from 29.60% YoY due to two headwinds. One is the one-time-settlement costing Rs.1.61 billion and the other is currency headwind which is roughly about Rs.1 billion.

On the geographical revenues front; TCS has delivered strong growth in India as well as in US. India grew sharply at 17.2% and North America revenues rose 1.4% and Latin America by 9.1% qo- q. Continental Europe too has been standing out at 2.5% Deal wins has been very good during this quarter. It has win 11 deals across the geographies and industry segments and added 52 new customers.

Company Valuation:

By way of healthy deal pipeline, increasing discretionary spends management positive outlook, low attrition, stable pricing environment and strong growth in all business verticals across geographies; Tata Consultancy Services growth prospects looks promising. We suppose TCS Ltd. is trading at an attractive valuation at 17.65x and 15.86x of FY14EPS of Rs.80.37 and FY15EPS of Rs.89.43. We Bet to Grab Share Near Rs. 1425 for Target of Rs. 1700 in Time Period of 6-9 Months.

Scotts Garments Limited – Intial Public Offering (IPO)

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SCOTS GARMENTS INTIAL PUBLIC OFFERING:

Scotts Garments Limited is incorporated in 1992; it’s a Bangalore, Karnataka Based Company. Mr. Naseer Ahmed is the Chairman and Managing Director of the Scots. It’s Business of garment manufacturing. In addition to manufacture superior quality garments, company also provides additional facilities such as embroidery, printing, dyeing and washing. Scotts Garments export their readymade knitted and woven apparel to international clients including Denmark, Gander Mountain – USA, S Oliver, Frankfurt, C&A buying and Germany.

The Company Scotts Garments is specializing in tailor made products for men, women & kids. Products manufactured by the Company includes Shirts (Cotton & Denim) Tops, Skirts, Trouser (Cotton & Denim), Shorts, Cargos, Knitted Garments, T-Shirts (Basic and Embroidered), Sweats and Jerseys. They export their quality products to several MNC’s into more than 20 countries across the Globe. They have set up an exclusive display showroom at Apparel Export Promotion Council in Gurgaon.

Scotts has also set up a 2.1 M.W capacity windmill at Bellary in Karnataka State. Scotts Garments has also entered into Wheeling and Banking agreement with Gulbarga Electricity Supply Company Limited for the sale of the power generated through the wind mill. The company has also signed a Wheeling and Banking agreement with Tamil Nadu electricity board for the sale of power through wind mill at Tirunelveli District in Tamil Nadu.

Objects of the Issue:

1. Scenery up of unit for Trouser manufacturing and Knitting and Fabric Processing at Doddaballapur in

Karnataka State.

2. Margin Money for working capital of new unit.

3. General corporate purpose and Meet the issue expenses.

Issue details:

  • IPO opens: 25-29 Apr 2013
  • Issue Type: 100% Book Built Issue IPO
  • Price band: Rs. 130 to Rs. 132 per share
  • Face value: Rs. 10
  • Issue Size: 10,506,954 Equity Shares of Rs. 10
  • Minimum bid: 100 shares
  • Minimum investment: Rs. 13,000
  • Lead managers: Canara Bank and Keynote corp. services Ltd
  • Registrar: Link Intime India Pvt Ltd
  • Listing: BSE / NSE
  • CARE Rank:  Grade 3 to this IPO indicating at average fundamentals of the company.

Company Financial Review:

  1. Scotts Garments has posted 13% to 18% annualized growth in terms of revenue in the last five years. The revenues have increased from Rs. 503 Crores (FY2010-2011) to Rs. 566 Crores (FY2011-2012).
  2. Scotts Garments has been operating around 7% margins up to FY 2010-11. For FY2011-12, the margins showed a vertical jump to 14.85% due to increase in extra income. For Seven months ended Oct 12, the margins are at 6.09%. The margins are stabilized around 6% -7% in the last five years.

SCOTT GARMENT S  – FINANCIALS

Financials

2008-03

2009-03

2010-03

2011-03

2012-2003

7 Months Ending                  Oct-2012

Revenue [Rs in Lakhs]

33,275.95

37,443.56

43,458.98

50,348.88

56,613.29

33,533.11

Profit [Rs in lakhs] after Tax

2,224.75

2,721.48

2,784.24

3,493.06

8,403.95

2,041.95

Profit %

6.69%

7.27%

6.41%

6.93%

14.84%

6.09%

Revenue Growth % YoY

—

13%

16%

16%

12%

18%

Year Ended

EPS [Rs.]

WEIGHT

March 31, 2010

10.41

1

March 31,2011

13.06

2

March 31,2012

31.43

3

Weighted Average EPS

21.80

—
  • Minimum Investment is Rs. 13,000/- [Thirteen Thousand Rupees Only] any Investor can manage to pay for Invest which is a good Sign.

Conclusion/Asset Strategy:

  1. In BRLM’s performance front, Keynote Corporate had mandate for 17 IPOs out of which 8 failed to give listing day gains. For Canara Bank this is perhaps first mandating after very long.
  2. If we characteristic the annualized earnings on the post IPO equity base of Rs. 38.98 Crores then the issue price is at a P/E of 14.5x. Its peers are trading between 10x to 16x which indicate that the issue price is insistently priced. Although company has been doing well in terms of revenues and margins, due to its high issue price.
  3.  Even though garment industry is balanced for bright prospects ahead as per recent budget, bearing in mind listing in “T “group for initial period, it is better to buy at discount after post listing.

NSE India – Tips for Safe and Profitable Stock Market Investment in India

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NSE India stands for National Stock Exchange of India. NSE is the largest stock exchange market in India that stands at the third position among the world’s biggest stock markets. NSE was established in November 1992 as a tax paying company and promoted by the leading financial institutions in the country. Headquartered in one of the most popular metrocities in the country, Mumbai, NSE today is the prime trading facility for investment in India providing a reach to all major segments of stock trading including equity or capital markets, mutual funds, futures & options, derivatives market and so on.

Tips for Investing in NSE India

Investment in NSE India can bring good profits to the traders who are experts in trading the securities. A NSE investor should have required knowledge to make an investment in stocks. He/she should possess relevant knowledge of stock trading and up-to-the-minute market trends in order to make good returns from an investment in NSE India. The investors who have knowledge of investing stocks will have an idea of a few sure shot techniques which can help in gaining investment returns even in volatile or harsh stock market situations.

Knowledge of working of NSE stock markets, when and how to invest for a profitable stock market investment is necessary.

Prior to investment in stock market, the investor must be aware of the different kinds of stocks that are available in the market for trading.

Risks are a part of stock trading and for an investor to become a good stock trader, it is required that he/she does not fear to take risks. If the investor is not ready to take any risks then he/she should not invest in shares and stocks.

Investment within budget is always a good idea. Set the budget for your investment according to the gains you desire and then plan your investment in the NSE stocks.

There are number of companies listed in NSE stock market. You need to find out the best companies whose shares or stocks are expected to give you good returns in the future.

Be informed of the stock market positions on a regular basis if want to make a good investment decision while avoiding the investment loss.

Before investing it is important that you decide upon the type of stocks which can suit your investments and whether you have to make short term or long term investments. If you are looking for gaining returns for short term investments, day trading would the best idea to go for. Just by selection of the right stocks for investment, you can make good profits from your short term investment.

To trade comfortably in NSE, you should gather information on online trading which can be done from anywhere, any part of the world to buy as well as sell stocks online in the NSE market.

Conclusion:

Therefore it is clear that with proper knowledge and little wits one can successfully invest in NSE. To know about the stock market investing tips provider in India, click here.

This article educates reader about NSE in India and tips for investing successfully in NSE.

Binary Trading Options – The Fastest Ways to Make Money Online

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Binary Trading Stock / Binary Trading OptionsBINARY OPTIONS

The Binary trading options are one of the fastest ways to make money online. It is called Binary trading options or binary trading stock.

Trading in Binary Options:

Now in binary options trading, when you trade, you would get fixed return or you would lose everything. Any investor can trade on forex currency, stocks and commodities like gold or silver. Majority of the top binary options companies are offering returns up to 88% of investment. Means if you are investing $ 20 per trade and you won the trade, you would get $ 17.6 as profit and in case of loss, you would lose your investment of $ 20.

How Does It Effort:

Individual can open an account with binary options trading company and can start trading. Needs to predict whether the investment would be in positive (UP) or Negative (Down) direction. Based on the strategy chosen, an investor would make profit or loss. Say for an example, one is trading in forex currency binary trading option of EUR/USD pair which is getting traded at 1.2515 (1 EUR = 1.2515 USD) and he is predicting that the price would go UP for the day. He invests $ 10 and the price has gone above 1.2515, he would get $ 18.8 ($ 10 investment + profit of $ 8.8). The time period for one trade is 60 seconds. Means you would either win or lose money in just 60 seconds.

How to start trading in binary options:

On the way to start trading in binary options, you need to sign-up for binary options trading platform that specialize in Binary options. There are various top companies which are offering these services like winoptions.com, traderush.com, anyoption.com, traderxp.com, optionbit.com etc. You can also search like www.binary-options-brokers.com. This provides the list of best binary options brokers along with the details like minimum investment to be done, profitability expected etc. Pick a good trading platform which provides binary trading signals at appropriate time. Many binary options trading platforms are alerting the investors about the direction in which it is moving. These signals would help investors to make a decision.

Once you have sign-up for binary trading options platform, it would take a few minutes to create an account. You need to transfer money to your account to start trading. Typically, you need to have at least $ 100 to start trading in binary options. You need credit card to transfer the amount to the account which you have registered.

After registration you would get tutorials through e-mail. Some of the trading companies provide online tutorials only. You should be familiar in binary trading options before starting trading.

Start trading with small amounts till you get familiarized with the trading in binary options. Once you are familiarized, you can increase the amount per trade.

Advantages of Binary trading options:

Trading in binary options is one of the fastest ways to make money. If you are familiar on how the system works and you are able to predict the movements, you would win in this game.

The binary options trading provide excellent returns up to 88% of their investment in one single trade. There is no other investment option which provides such high returns.

Risk:

Solitary of the main risks of trading binary options is, in case your calculation goes wrong; you would lose 100% of your investment.  The system is little complicating to understand.  The prediction of trading in binary options cannot be estimated correctly due to several global factors which affect the currency, commodity prices.

In Binary options trading is a good investment option for High Risk Investors Only. Deliberation the returns are Very High, one has to consider the risks involved before trading in binary options.

IPO – Ashapura Intimates Fashion

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ASHAPURA INTIMATES FASHION

INTIAL PUBLIC OFFERING {I.P.O}

Company Background:

Reputable in 2006, Ashapura Intimates Fashion Ltd and the Chief Promoter was Mr. Harshad H. Thakkar and the Company is engaged in the business of designing, branding, marketing and retailing intimate garments such as loungewear, bridal night wear, honeymoon sets, bathrobes and night wear.

The Company Ashapura Intimates sell their products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line”. Also night wear, maternity feeding night wear and bridal night wear (two pieces) are marketed under the brand “Night & Day” and sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink”. Company has in house design studio for developing products and creating styles to remain updated on consumer tastes and fashion trends.

Ipo Highlights:

  1. In the direction of set up Ten Exclusive Brand Outlets
  2. Toward fund branding and marketing set-up
  3. To Investment in the equity shares of our Group Company
  4. In the direction of fund modernization of machineries
  5. To meet incremental working capital requirements
  6. Intended for general corporate purposes
  7. To meet Issue expenses

Ipo Details:

  1. Issue Open: 28Mar’ 2013
  2. Issue Closes: 04Apr’2013
  3. Issue Type: Fixed Price Issue IPO
  4. Issue Size: 5,250,000 Equity Shares of Rs. 10 Each
  5. Issue Size: Rs. 21.00 Crore
  6. Face Value: Rs. 10 Per Equity Share
  7. Issue Price: Rs. 40 Per Equity Share
  8. Market Lot: 3000 Shares
  9. Minimum Order Quantity: 3000 Shares
  10. Listing At: Bombay Stock Exchange Small and Medium Enterprises {SME}

Ipo Digest:

Possibly the last IPO for Fiscal 2012-13 is from BOMBAY STOCK EXCHANGE SMALL AND MEDIUM ENTERPRISES Platform that is likely to bid farewell to the primary market. With this the total tally for BOMBAY STOCK EXCHANGE SMALL AND MEDIUM ENTERPRISES IPOs will be 23 during the first year of SMALL AND MEDIUM ENTERPRISES {SME} platform.

The Ashapura Intimates Fashion Limited is in the business of designing, trading, job contract manufacturing, branding, marketing and selling of intimate garments such as loungewear, bridal night wear / honeymoon sets, bathrobes and nighties since amalgamation. An Ashapura Intimates Fashion Limited expanded its product portfolio by adding other intimate garments such as sportswear, women’s innerwear including lingerie. It now plans to foray into a new product category i.e. kids’ innerwear having cartoon characters.

 The Ashapura Intimates Fashion Limited products such as loungewear, bridal night wear, honeymoon sets and bathrobes under the brands “Valentine” and “N-Line” are available through our large network of distributors to our customers in India as well as other countries. Its products such as nighties, maternity feeding nighties and bridal night wear (two pieces) are marketed under the brand called “Night & Day”. Further in the year of 2011, the company  started marketing of sportswear, women’s innerwear and lingerie’s under the brands “Valentine Sportswear”, “Valentine Secret Skin” & “Valentine Pink” respectively by leveraging its existing marketing network.

An Ashapura Intimates Fashion Limited’s Now proposes to muster Rs. 21 crore to set up Ten Exclusive Brand Outlets, fund branding and marketing set-up, modernizations and investment in group companies along with other general corpus fund. For this it is coming out with an IPO of 5250000 equity share of Rs. 10 each at a fixed price of Rs. 40 each. KJMC Corporate Advisors (India) Ltd is the sole manager to this offer and Link In time India Pvt. Ltd. is the registrar to the offer. CARE has assigned ‘ SMALL AND MEDIUM ENTERPRISES Fundamental Grade 4’ to this IPO indicating very good fundamentals. Post allotment, the shares will be listed on Bombay Stock Exchange SMALL AND MEDIUM ENTERPRISES platform. The novel face value of Rs. 100 per share was spitted in Rs. 10 in October 10. Between 2009-2011 March. It made preferential allotments at a price between Rs. 1000-2850 per share and In March 2012 it allotted shares at par. It also issued two bonus shares in the ratio of 5 for 1 in March 2012 and 1 for 1 in October 2012.

Company Valuation:

Resting on company’s performance front, for the last three fiscals it posted an average EPS of Rs. 6.7 and Net Asset Value as on 31.03.12 is at Rs. 20.68. This will get diluted on post bonus issue. For first half of current fiscal it has earned net profit of Rs. 1.65 crore on a turnover of Rs. 57.47 crore. If we attribute this on annualized basis on the post Initial Public Offering equity of Rs. 19.47 then the issue is at a P/E of 22 plus point which is higher compared to its gaze.

Ipo Conclusion:

Lying on merchant banker’s mandate front, possibly this is the first permission and there is no past track record. Due to entry fence and higher pricing. It is better to AVOID.

Best Investment Tips for Those Who are New to the Stock Market

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Stock market has lot of potential to offer lucrative returns to the investors and while sometimes can also seem to be very harsh upon the investors. There are people who have made lot of money through stock trading while many of them have also lost lot of their earnings here. So stock market is unpredictable. You need to be extra careful, patient and a conscious observer of things gathering knowledge of the better investment strategies and trends in the stock market, if you want to make considerable money from your investment in stock market. As a beginner you need to take advice of the experts who can lead you safely through world of the stock market as put your first steps here. All you need to do is to find reliable experts who can offer you the most beneficial advisory services for successful investment in stock market within your budget needs. Most of these firms can offer consulting services for various requirements of the investor including advisory services for equity, tips for commodity trading, intraday trading, stock market investment and much more. They can tell you the exact time when to invest in stock and provide you information regarding why and how to invest in stocks.

Following are some of the essential tips which experts of Profit Krishna offer to the beginners to help in their initial stages of investing in stock market.

Knowledge of Stock Market is Necessary

The most essential thing required to gain success in stock market is the knowledge. It is very important for an investor to know where exactly the market is heading towards. Gathering information on trends in stocks regularly can help an investor make a useful strategy with a future prediction so that investment for better returns can be planned while avoiding the losses.

Smaller Investments are Better

Begin with smaller investments. Small cap stocks are usually good to make an initial investment to start with, because lesser money is involved in small cap stocks and therefore lower are the losing risks here.

Do not be Greedy. Be Patient with your Investments.

Always make an investment which you can afford for. Never get greedy and cross your financial limits in order to gain more profits from investment. Be patient enough and let your stocks grow over a period of time for better returns.

Try out for an Investment Management Software as Your Friend for the Initial Stages in Stock Market

Investment management software will help you keep your investment data organized while offering you a better understanding of your investment. Some of these software allow online stock trading which can make your stock trading process much easier, while you can readily track the stock you want to buy next, hunt out a good opportunity for investment and do various other things for stock trading from the convenience of your home.

Stock Advisory Services are Always Helpful

Taking help of advisory services is always a good idea initially as you begin out in the world of stock market. The stock market experts have a better knowledge of the market trends. They are experienced investors who have an idea of various techniques and strategies which can help an individual gain success in stock trading.

For those looking to hire advisory services for investment in stocks can get the best help from Profit Krishna, the experts having years of experience in guiding individuals for profitable stock market investments with their quality advisory services. Visit http://www.profitkrishna.com/ for further details.

Both Amabni Group Lose 20,000 Crore Market Value In Past Week

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Ambani GroupBOTH AMABNI GROUP LOSE 20,000 CRORE MARKET VALUE IN PAST WEEK

In the midst of an intense selling pressure in the stock market, The two Reliance groups headed by Mukesh & Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week’s time.

By means of two listed companies, The Mukesh Ambani lead Reliance Industries group saw its market capitalization drop by about Rs 10,700 crore to Rs 2.63 lakh crore at the end of last week.

Reliance Industries Limited accounted for most of this loss, as the group’s other listed entity, Reliance Industrial Infrastructure Ltd, commands a total market value of less than Rs 500 crore.

Laying on the other hand, the shares of all six listed entities of Anil Amban lead Reliance Group came under selling pressure last week and saw their cumulative market value slump by Rs 9,600 crore to close to Rs 45,620 crore.

The plunge in most of the shares from the two groups was steeper than a 3% dip in the market benchmark Bombay Stock Exchange over the last week.

The six listed companies from the Reliance Group are Reliance Communications, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Media Works & Reliance Broadcast Network Ltd.

Surrounded by these, Reliance Power saw the steepest decline of Rs 3,395 crore in its market capitalization, as the shares of the company tanked by about 16 per cent and touched their lowest level of Rs 61.05 on Friday.

The market value of Reliance Communication also plunged by Rs 2,590 crore to Rs 11,156 crore, with its share tumbling 18.84%.

The Reliance Infrastructure’s Mid-Cap tanked by Rs 2,113 crore, while Reliance Capital lost Rs 1,440 crore of market worth.

Reliance Media fell by Rs 49 crore, while that of Reliance Broadcast slipped Rs 25 crore.

Reliance Broadcast Network Limited hit its one-year low on Thursday and Reliance Media Works touched its 52-week low on Friday.

Mutually, both these companies have lost Rs 9,612 crore in market assessment since March 15.

Multibagger Stock Tip – Emami Limited

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EMAMI LIMITED

Company Overview:

Emami Limited is a leading Fast-Moving Consumer Goods player in India. It has been in the health, beauty and personal care since the last 35 years and has sustained its prominent position in Ayurvedic products. It was founded in 1974. The founders was Mr. R.S Agarwal & R..S Goenka. Headquarters Situated Kolkata, West Bengal.

 In 2008 the company announced that it intended to offer baby care products & also health products unit offers tonics for colds and coughs as well as Nutraceuticals.

Company Revenue Back-Ground:

The company posted elegant numbers for the quarter ending December 2012. The Revenues for the quarter ended December 2012 of Rs 548.66 crores rose by 21.30% from Rs.452.36 crores y-oy driven by strong volume growth across all the key product categories. Operating profit surged 13.30% at Rs.162.43 crores as against Rs.143.36 crores in the like period last year due to steep increase in menthol prices. The company has reported 21.65% rise in its net profit at Rs 114.96 crore for the quarter as compared to Rs 94.50 crore for the same quarter in the previous year. EPS for the quarter stood at Rs.7.65.

Boroplus showed volume growth in the range of 28%-30% aided by good winter season; Balms grew between 18%-20%, in Fair and Handsome it is about 10%-12% and in Navratna Oil it is about 5% in the quarter ended December 2012.

The entire influence brands reported strong and consistent performance during the quarter despite various challenges in the macroeconomic environment and input cost pressures. In value terms Boroplus grow by over 30%; Navratna grow by 13%; balms grew by 17%; Fair and Handsome grow by 19%. Healthcare division comprising of the OTC, ethical and generic products also performed credibly in this quarter, registering a very strong growth of 25%. Zandu Pancharishta sales tripled in this quarter.

Company Valuation:

Among increasing penetration, sustained sales momentum, powerful brands, judicious price increases and new launches; Emami’s growth prospects looks capable. The Company is trading at an attractive valuation at 28.84x and 24.95x of FY13EPS of Rs 20.77 and FY14EPS of Rs 24.01. We bet to Grab Share around 380 for Target 500. In Time Period of 9-12 Months

Weekly Market Outlook – 25th March-2013 to 29th March 2013

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Previous week, The Bombay Stock Exchange {Sensex} opened at 19283 attained a high at 19379, knock down to a low of 18669 before it finally closed the week at 18736 and thereby showed a net fall of 691 points on a week-to-week basis. Lower Levels tested with volatility.

The revival that was seen from the low of 18760-19754 fizzled out and lost all the gains to close below 18760 previous weeks. The terror of a false spike was in mind and wondering if this had any meaning from the chart perspective. It proved to be a spike in a lower top and lower bottom formation from the high of 20203 that was formed in 29 Jan’2013.

A trend line breakdown has been witnessed. First of the rising trend line was from 15748 and 18255 and the second was from the higher bottoms of 18250 and 18760.

The trend-line breakdown warns that lower levels are likely to be tested in due course of time with volatility.

The fall from 21108 @ Nov’2010-15135 @ Dec’2011 moved in the retracement range of 78.6% and 88.6%. The retracement levels were placed at 19855 and 20450. The high registered of the rally from 15135 was 20200.

The downside projection level of the two points 20203 & 18760 from 19754 are located at 18323, 17425-15985 respectively.

Support may emerge at 18255 or around it. A bounce may be witnessed in the 18323-18255 range to respect the support. In the event of a further fall and close below 18200 the slide will continue towards 17426 and 15984 in due course of time with volatility.

Weekly Resistance will be at 18927-19186-19427. Weekly Support will be at 18476-17767.

A pull back from the lower range cannot be lined out but it must materialize effectively and not just display intra-day spikes.

BSE Mid Cap Index:

Down trend is likely to continue. The lower range of 6140-5735 will be tested with volatility. Till 6525 is not crossed, the objective remains to exit long and sell stocks from BSE Mid Cap Index.

BSE Small Cap Index:

BSE Small Cap index is likely to move down to 5690-5460 from the current level of 5775. The objective remains to exit long and sell on a rise till 6400 is not crossed.

Termination:

The trend remains down and market may see a bounce from the lower range. Taken as a whole lower top and lower bottom formation is likely to be seen in time to come. Rise, if any, in days to come is likely to a generate lower top against 19755 and may test it.

Strategy for the week:

Sell on rise to 18928-19186 with a stop loss of 20210. It can slides upto 18325-18260-17425 and 15985 to be tested in time to come. For near to short-term, expect a bounce as short covering can happen in the range of 18325-18260. Further weakness will be seen below 18200.

Multibagger Stock Tip – Supreme Industies Ltd.

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Supreme Industries LtdSUPREME INDUSTIES LTD:

Supreme Industries Ltd is an Plastic Processing Industry Founded in 1942 and its Head Quarters in Mumbai. The Company manufacture Industrial and engineering moulded products, storage and material handling crates, multilayer sheets, multilayer films, packaging films, expanded polyethylene foam, PVC pipes and fittings, moulded furniture, sataranj mats, disposable EPS containers.

During recent precedent the company is increasing its focus on value added products like cross laminated films, protective packaging products, CPVC pipes and premium moulded furniture. By end of March 2013, company is going to launch its new products in market like Hitech Swr system, Bathroom fittings and Composite LPG cylinders. These innovative products would help them to capture more business opportunity and higher abundance in near expectations.

The production of cross laminated films with capacity of 4000 tones has already begun after completion of 1st phase of expansion in Halol, Panchamahal Disrtict in Gujarat State. Supplementary expansion by end of Mar 2013 will increase its capacity to 12000 tonnes. Correspondingly plastic piping system with capacity of 50000 tonnes in Malanpur, Bhind District of Madhya Pradesh is expected to be operational by end of March. Supreme Industries is building up raw materials inventory to avoid procuring raw materials at higher rates.

The Company has reported a sales turnover of Rs 814.28 cr and net profit of Rs 62.17 cr for quarter ended Dec 12. We bet the Grab the Share at 320 for Target 380 in time period of 9-12 Months Key Support is at 290.