Sovid Gupta

IPCA Labs Long Term Buy Call: Sovid Gupta, FairWealth Securities

IPCACommissioned in 1969, Ipca labs (the Indian pharmaceutical combine association limited) is a fully integrated, rapidly growing Indian pharmaceutical company with a strong thrust on exports. Company's main revenue earners are its API and formulations division. Ipca exports formulations, bulk drugs, and drug intermediates to over 110 countries. Over the years, Ipca has established its distribution network across markets, and has set up subsidiaries in many countries. The company has strong alliances with global players for its operations in international markets.

Kesar Enterprises Ltd Long Term Buy Call: Sovid Gupta, FairWealth Securities

Kesar Enterprises Ltd Long Term Buy Call: Sovid Gupta, FairWealth SecuritiesEstablished in the year 1933, Kesar Enterprises Limited (KEL) is presently engaged in a wide galaxy of diversified activities. It grew as a member of the Kilachand group in the year 1933 and thereafter, the story has been of one steady growth.

Currently, KEL has evolved into one of the leading industrial houses in Uttar Pradesh, North India. It is engaged in the manufacture, marketing & sale of a wide-range of products that can be broadly divided into the following two groups:

Sell Hotel Leela, Target Rs 27: Sovid Gupta, Fairwealth Securities

LeelaWe initiate a sell call on hotel Leela with a downside potential of 10% from its current levels. Investment advice is based on Globally weak travel industry; threat of swine flu, high debt and huge FCCB'S which according to us will not be converted at the price stated by the company.

Assumptions For Future Projections:-

1. Interest cost has been taken at 7% from FY 11 onwards because more than 50% of the total debt is raised as low cost secured loans in foreign currency.
2. Company has charged conversion price of FCCB'S issued in euros converted in 2010 at
47.31, conversion of US dollars will also be charged at the same levels.

Buy Sugar Stocks: Sovid Gupta, Fairwealth Securities

sugarICE sugar hit a fresh 28-year high on August 29, with the Oct contract taking out the Aug. 12 high of 23.33 cents per pound and peaking at 23.63.

History:

The area under cane cultivation since October 2008 has reportedly gone down from 28.5 lakh hectares in 2007-08 to 21.40 lakh hectares. The fall can be attributed to bumper crop, increased stockpiles and delay in cane payments in 2007.

More than half of the districts in UP and Maharashtra (leading cane producers of the cane) have been declared drought hit, thus Industry expects are expecting India to turn from surplus in 2007 to a deficit of 5 MT by 2010.

Going Forward:

Sell Hotel Leela, Target Rs 26: Sovid Gupta, Fairwealth Securities

LeelaWe initiate a sell call on hotel Leela with a downside potential of 10% from its current levels. Investment advice is based on Globally weak travel industry; threat of swine flu, high debt and huge FCCB'S which according to us will not be converted at the price stated by the company.

ASSUMPTIONS FOR FUTURE PROJECTIONS:-

1. Interest cost has been taken at 7% from FY 11 onwards because more than 50% of the total debt is raised as low cost secured loans in foreign currency.
2. Company has charged conversion price of FCCB'S issued in euros converted in 2010 at 47.31, conversion of US dollars will also be charged at the same levels.

Buy Man Industries, Target Rs 80: Sovid Gupta, Fairwealth Securities

More terrorism suspects charged in Australia Eds: epa photos available We initiate a buy call on Man Industries with a target price 80 for a period of 1 year. Short term traders can buy this stock for target of 58 in 1 month.

Valuation rational for the company is strong sales growth expectation, stable margins, very strong balance sheet with book value of Rs. 80 per share and value to be unlocked in Real Estate business.

Although results were a huge dampener for the stock, stock has already showed a correction of 12%.

Buy PVR, Target Rs 175: Sovid Gupta, Fairwealth Securities

Buy PVR, Target Rs 175: Sovid Gupta, Fairwealth SecuritiesWe initiate to Buy on PVR Limited with a 40% upside potential from current levels. Investment advice is based on company’s expertise in entertainment business, strong growth plans over next three years in other businesses, especially bowling and gaming, and strong domestic demand for entertainment along with rising income levels.

Results for FY09 were highly muted on number of accounts, primary being

1. Global Economic scenario and falling investor confidence.

2.Tussle between Distributors and producers.

ICSA (India) Ltd Long Term Buy Call: Sovid Gupta, FairWealth Securities

ICSA (India) Ltd Long Term Buy Call: Sovid Gupta, FairWealth SecuritiesWe initiate a Buy call on ICSA (India) Ltd with a 58% upside potential on the stock from the current levels. Investment advice is based on strong growth in top line, diversified businesses and strong outlook for the power sector over next 10 years. We expect top line to grow by 30-35% over next two years and our conservative projections suggest that bottom line will grow at compounded annual rate of 15%. Stock is currently trading at 4.6 x its FY09 Earnings and 4.6x and 3.7x its FY10E and FY11E earnings.

Investment arguments:

Buy Educomp Solutions; Target Rs 3800: Sovid Gupta, Fairwealth Securities

Educomp SolutionsWith target price of Rs 3800 based on 35x FY10E EPS — We are initiating coverage on Educomp with Buy. At a price of 3800 company will be trading at 54.1x FY09 Earnings 35x FY10E EPS and 24x FY11E earnings. Company trades at trailing PEG to ratio of .5 for FY09, this ratio will decline further to .4 based on current prices.

Our last call on Educomp was in January, where we initiated a buy call on the stock at CMP 1715 with a target of 2750. Earlier in 2008 stock price fell by a huge percentage in 2008 due to rumors regarding company’s accounting policies.

Buy Unitech Ltd, Target Rs 140: Sovid Gupta, Fairwell Securities

Unitech Ltd

We initiate a buy on Unitech, with a target of Rs. 120-150, a mild correction up to Rs. 78 is possible in short term, and hence we initiate an accumulate call with a target price of Rs. 140 in next 6 months. Over last 5 trading sessions share has been consolidating its gains made over last 2 months. Our first call of buying Unitech 35 for a target of Rs.51 with an upward bias was based after discounting all future bad news. Since then dark clouds have passed over and there is a lot of positive news flow in the counter.


Buy Patel Engg, Target 550: Sovid Gupta, Fairwealth Securities

Buy Patel Engg, Target 550: Sovid Gupta, Fairwealth Securities Stock analyst Sovid Gupta, Fairwealth Securities has maintained ‘Buy’ rating on Patel Engineering to achieve a medium term target of Rs 550.

Mr. Tarika said that interested investors can buy the stock between Rs 300 to 340 with a stop loss of Rs 240.

Current EPS & P/E ratio of the stock stood at 25.72 and 16.52 respectively. The share price has seen a 52-week high of Rs 470 and a low of Rs 103.15 on BSE.
 
Mr. Tarika said that investors can buy the stock with a time horizon of 3 months.

Buy Moser Baer, Target 160: Sovid Gupta, Fairwealth Securities

MoserbaerStock analyst Sovid Gupta, Fairwealth Securities has maintained ‘Buy’ rating on MoserBaer to achieve a target of Rs 160.

According to Mr. Gupta, interested investors can buy the stock on dips with a stop loss of Rs 80.

The company’s stock has seen a 52-week high of Rs 164.40 and a low of Rs 41.10 on BSE.

It looks that the stock will hit another 52-week high in the coming days. So interested investors can buy and hold the stock to make good returns.

Buy Areva T&D With Stoploss Of Rs 199, Target 500: Sovid Gupta, Fairwealth Securities

Areva T&DStock analyst Sovid Gupta, Fairwealth Securities has maintained ‘Buy’ rating on Areva T&D stock to achieve a target of Rs 500.

According to Mr. Gupta, interested investors can buy the stock around Rs 292-254 with a stop loss of Rs 199.

The company’s stock on June 09 closed at Rs 484 as against last closure at Rs 346.85 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio of the stock stood at 9.35 and 37.10 respectively. The share price has seen a 52-week high of Rs 960 and a low of Rs 130 on BSE.

Weekly Indian Stock Market Outlook: FairWealth Securities

Weekly Indian Stock Market Outlook: FairWealth SecuritiesNifty on account of stable government ahead opened gap up and hit 15% upper circuit in first 5 min of trade & after hitting the next 20% filter markets remained shut for the remaining part of the day and finally closed at 4308.

In coming days Nifty may trade rangebound and may again see consolidation at above 3834 levels before continuing its upward journey. On daily closing RSI has reached a value of 80 which is a high extreme value of RSI.

Buy Alok Industries To Achieve A Target Of Rs 28: Sovid Gupta, Fairwealth Securities

Alok IndustriesEquity analyst Sovid Gupta of Fairwealth Securities is bullish on Alok Industries and maintained 'Buy' rating on the stock to achieve a target of Rs 28.

Alok Industries is a leading vertically integrated textile player having sales of over 3000 crore and tough bottom line.

The analyst initiate a buy call on the company on basis of its good valuation, vast growth in topline by the next three years and augmented outcome from higher foreign currency earnings, increased sale of Value added products and Vertical/ backward Integration.

Accumulate Sintex Industries at current price, Target 240: Sovid Gupta, FairWealth Securities

Sintex

Sintex Industries, with strong balance sheet and huge cash balance is well Equipped to manage current challenging business Equipment. We estimates Sintex Industries to post net sales of 3300 crores and 4200 crores for FY09 and FY10 respectively, posting compounded growth rate of 40% for 4 years.




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