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Thursday, December 4, 2014

Buy IPO of Monte Carlo Fashions as medium-long term investment

I am sure many of you, especially the ones from North India, would have been wearing Monte Carlo sweaters since long. If not, at lease you have seen them. Monte Carlo Fashions Ltd. (MCFL) is one of the leading apparel brands in India. Monte Carlo primarily caters to the premium and mid-premium branded apparel segment for men, women and kids. Their offerings include woolen, cotton and cotton-blended knitted and woven apparels and home furnishings under the ‘Monte Carlo’ brand.

Wednesday, June 19, 2013

e-Dynamics Solutions IPO - Are You Planning To Invest?

Are you planning to buy IPO of e-Dynamics? I just read few details of e-Dynamics IPO and could not resist to post it for IndianStocksNews.com readers to make their own decision.

The biggest and foremost deterrent for me about this company; their email ID.

edynamicssolutions@yahoo.com

An e-commerce technology company, apparently running e-commerce portal, have an email address hosted at Yahoo.com? They can't even have the email address hosted at their own domain name? Shows their expertise and dedication to technology.

Now take a look at their website. http://www.edynamicssolutions.com/ A non-functioning website for e-commerce technology solutions company! I tried visiting the website different times in the span of 12 hours and all the time all I could see was Magento error! Such a non-serious e-commerce company who can afford such a long downtime.



These two things are good enough to show how serious company is in their business of "technology". I don't even need to go into their financial details which are even shady.

Read this article about their financial shady practices.

e-Dynamics solutions IPO red herring prospectus on BSE Website.

Wednesday, January 23, 2013

Mid Cap Stock Analysis - Oberoi Realty Limited

Stock analysis of Oberoi Realty Limited based upon 3QFY13 results along with recommendation.

3QFY13 revenues for Oberoi Realty Limited are at Rs. 310 crore, it is up 41% yoy and 9% qoq. These numbers are higher than stock analysts’ estimates.

EBITDA margin has improved by about 100 bps on a qoq basis for company. Operating margins for its hospitality business improved significantly to 20.8% compared to 9.2% last year and 4.9% in the previous quarter.

Contracted volume sales remained flat at 0.12 million sq ft vs 0.13 million sq ft in 2QFY13 and 0.12 million sq ft in 3QFY12.

Note the company has not included contracted sales volume from the Worli real estate project. This lower contracted sales volume is due to lack of no major launches.

Operating Cash Flows for company have moved back to positive territory. One may 'buy stocks’ of Oberoi Realty Limited with stock price target of Rs.351 in medium term.

Tuesday, January 22, 2013

Reliance Industries - What should you do with stock?

Some notes meant to provide guidance on what to do with stock of Reliance Industries, especially after the recent rally in stock.

The recent rally in Reliance Industries was driven by a possible increase in gas price and E&P approvals to re-start the drilling activities. Refining margins for company were better than expected in 3QFY13. Petchem remained flat with little signs of near term demand revival.

Possible upside in stock price is expected from the gas price hike. Recent initiatives by the government of India enable the company to renew exploration activities in key
fields.

The initial E&P results will take six to twelve months, after which a case for a possible reserve upgrade could be made. While petchem capacity additions are a step in the right direction, the then macro mood will determine EBITDA growth but will be hard to predict.

One may 'hold stocks’ of Reliance Industries in portfolio if already owned.

Large Cap Stock Analysis - Wipro Limited

Here are stock research notes based on 3QFY13 results of large cap stock Wipro.

3QFY13 USD services revenue went up 2.4% qoq and it is slightly better than market estimates. IT services EBIT margin was up 16 bps as productivity gains and forex gains offset lower utilization and promotion costs. This and higher other income led to an EPS beat.

Company's 4QFY13 services growth guidance of 0.5 – 3.00% qoq is not very exciting but it does not derail the growth prospects.

Volumes declined 1% qoq but offshore – onsite realizations grew 3.0 – 3.2% qoq, continuing the trend of productivity gains in fixed price contracts that started last year.

The company noted that its pipeline had expanded 1.7 times since 3QFY12 and pointed out improved deal closures and a perceptible change in client sentiment over the past quarter.

Analysts are not overly worried about Wipro’s poor volumes as 3Q is seasonally weak and peers also saw a drop in volume growth.

It looks like that 4Q guidance factors in macro headwinds like US debt ceiling etc, delays in some project starts and about 20 tail accounts that Wipro plans to de-emphasise.

USD revenue growth is expected to pick up to 12.9% in FY14 from 5.6% in FY13.

Positives in 3Q: the top 10 accounts continued to grow ahead of the company’s average on sales investments; realization was up 4-5% yoy; and attrition was much lower yoy at 14.2% vs 19%.

In medium term, more upsides are expected in Wipro’s margins when the growth picks up.One may buy stocks of Wipro with a target price of Rs.460.