Intraday calls
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Titan Industries numbers OUT:
Q1 sales 2020 crs v/s 1250 crs.
Q1 PAT 143 crs vs 81.2 crs (!! PAT 76% up)
SALES GROWTH (YOY) - 62%
NP GROWTH (YOY) - 76%
EPS GROWTH (YOY) - 76%
Standing tall among peers!
Total Income up 61.3% to 2020.6 Cr from 1252.8 Cr.
EBIDTA up 65.8% to 184.55 Cr from 111.33 Cr.
Net Profit up 76.4% to 143.36 Cr from 82.82 Cr.
EBIDTA margin is 9.13% V/s 8.89% (JQ-10) and 5.97% (MQ-11)
NET Pr margin is 7.1% V/s 6.5% (JQ-10) and 4.7% (MQ-11)
Raw material costs as a %ge to Income is 74.7% V/s 73.5% (JQ-10) and 72.8% (MQ-11)
Employee costs to sales ratio is 5.1% V/s 6.2% (JQ-10) and 8.3% (MQ-11)
Advertisement expenses to sales ratio is 4.5% V/s 5% (JQ-10) and 5% (MQ-11)
Other expenses to sales ratio is 6.7% V/s 6.4% (JQ-10) and 7.9% (MQ-11)
Tax Rate is 27.1% V/s 25.2% (JQ-10) and 30% (MQ-11)
Segments:
Jewellary continues to be on fast track with 72% growth in Sales and 112% growth in PBIT with a margin of 8.9% v/s 7.2%
Watches sales up 23.2% and PBIT up 10% with a margin of 14.6% v/s 16.4%
Segment others sales grown 44% but with a PBIT loss of 3.56 Cr. But note Topline is consistently growing here.
The prices of diamonds have more than doubled in last eight months. But still the buyers are paying for it.
THE EXPENSIVE STOCK to BE MORE EXPENSIVE !!!!!! :thumb: :clapping: :lol:
Q1 sales 2020 crs v/s 1250 crs.
Q1 PAT 143 crs vs 81.2 crs (!! PAT 76% up)
SALES GROWTH (YOY) - 62%
NP GROWTH (YOY) - 76%
EPS GROWTH (YOY) - 76%
Standing tall among peers!
Total Income up 61.3% to 2020.6 Cr from 1252.8 Cr.
EBIDTA up 65.8% to 184.55 Cr from 111.33 Cr.
Net Profit up 76.4% to 143.36 Cr from 82.82 Cr.
EBIDTA margin is 9.13% V/s 8.89% (JQ-10) and 5.97% (MQ-11)
NET Pr margin is 7.1% V/s 6.5% (JQ-10) and 4.7% (MQ-11)
Raw material costs as a %ge to Income is 74.7% V/s 73.5% (JQ-10) and 72.8% (MQ-11)
Employee costs to sales ratio is 5.1% V/s 6.2% (JQ-10) and 8.3% (MQ-11)
Advertisement expenses to sales ratio is 4.5% V/s 5% (JQ-10) and 5% (MQ-11)
Other expenses to sales ratio is 6.7% V/s 6.4% (JQ-10) and 7.9% (MQ-11)
Tax Rate is 27.1% V/s 25.2% (JQ-10) and 30% (MQ-11)
Segments:
Jewellary continues to be on fast track with 72% growth in Sales and 112% growth in PBIT with a margin of 8.9% v/s 7.2%
Watches sales up 23.2% and PBIT up 10% with a margin of 14.6% v/s 16.4%
Segment others sales grown 44% but with a PBIT loss of 3.56 Cr. But note Topline is consistently growing here.
The prices of diamonds have more than doubled in last eight months. But still the buyers are paying for it.
THE EXPENSIVE STOCK to BE MORE EXPENSIVE !!!!!! :thumb: :clapping: :lol:
Titan could move upwards to 260-265: Ashwani Gujral
What do the charts suggest for Titan?
Chart suggests that the market probably knew that good numbers are coming so that was a reason it had a sharp rally for all these months. Now the 200 seems to be some sort of a strong support and once we get past 230 you would be moving higher towards 260-265. :thumb:
No stock keeps moving higher, stocks go through consolidation... Now that the good result which were expected have come, may be stock moves sideways before it moves on to a higher plane but certainly no sign of stock distributing or planning to come down.
The market has corrected but I do not think any of these consumption stories have really collapsed because in high rates Titan, Jubliant these are the kind of small ticket consumption items that people can afford and that will hold up.
Dena Bank Q1 profit climbs 20.86%
Dena Bank has posted a net profit of Rs 168 crores for the quarter ended June 30, 2011 as compared to Rs 139 crores for the quarter ended June 30, 2010 representing rise of 20.86%. :clap: :thumb:
Total income has increased from Rs 1222 crores for the quarter ended June 30, 2010 to Rs 1653 crores for the quarter ended June 30, 2011, representing increase of 35.27%.
Shares of the company gained Rs 2.65, or 3.28%, to trade at Rs 83.45. The total volume of shares traded was 655,763 at the BSE (11.54 a.m., Friday). :clapping:
Now....expect to go upside from these levels.... HOLD ON......for 100/115 Targets in a few trading sessions!!!!!!!!! :clapping:
Dena Bank has posted a net profit of Rs 168 crores for the quarter ended June 30, 2011 as compared to Rs 139 crores for the quarter ended June 30, 2010 representing rise of 20.86%. :clap: :thumb:
Total income has increased from Rs 1222 crores for the quarter ended June 30, 2010 to Rs 1653 crores for the quarter ended June 30, 2011, representing increase of 35.27%.
Shares of the company gained Rs 2.65, or 3.28%, to trade at Rs 83.45. The total volume of shares traded was 655,763 at the BSE (11.54 a.m., Friday). :clapping:
Now....expect to go upside from these levels.... HOLD ON......for 100/115 Targets in a few trading sessions!!!!!!!!! :clapping:
AXIS BANK
Axis Bank made a blockbuster moves after its excellent earnings declared. Stock was able to cross its 200 DMA and close over its for 2 days in a row which is positive for the stock. Stock also gave breakout around 1340 levels and closed above it. :thumb:
Technically Gaps are always gets filled and provide excellent trade opportunity.... hold it... will see 1385-1425-1470 in coming days... sl 1302
Axis Bank made a blockbuster moves after its excellent earnings declared. Stock was able to cross its 200 DMA and close over its for 2 days in a row which is positive for the stock. Stock also gave breakout around 1340 levels and closed above it. :thumb:
Technically Gaps are always gets filled and provide excellent trade opportunity.... hold it... will see 1385-1425-1470 in coming days... sl 1302
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Buy Dena Bank; target of Rs 129: Nirmal Bang
Nirmal Bang is bullish on Dena Bank and has recommended buy rating on the stock with a target of Rs 129 in its August 10, 2011 research report. :thumb:
“At CMP of Rs 85, the stock is trading at 0.8x of its FY12E ABV and 0.68x its FY13E ABV whereas on PE it is trading at 4.19x and 3.49x in FY12E and FY13E respectively. Looking at the historical trend we value it at 1.2x P/ABV of FY12E. Based on our estimated book value of Rs.108 per share for FY 2012E and P/ABV target multiple of 1.2x we arrive at a target price of Rs.129. We recommend BUY on the stock with target price of Rs 129 indicating a potential upside of 50%,” says Nirmal Bang research report. :clapping:
Personal note:- Hold for 2-3 months period to generate 25-35% returns from 80-85 current trading levels.
Nirmal Bang is bullish on Dena Bank and has recommended buy rating on the stock with a target of Rs 129 in its August 10, 2011 research report. :thumb:
“At CMP of Rs 85, the stock is trading at 0.8x of its FY12E ABV and 0.68x its FY13E ABV whereas on PE it is trading at 4.19x and 3.49x in FY12E and FY13E respectively. Looking at the historical trend we value it at 1.2x P/ABV of FY12E. Based on our estimated book value of Rs.108 per share for FY 2012E and P/ABV target multiple of 1.2x we arrive at a target price of Rs.129. We recommend BUY on the stock with target price of Rs 129 indicating a potential upside of 50%,” says Nirmal Bang research report. :clapping:
Personal note:- Hold for 2-3 months period to generate 25-35% returns from 80-85 current trading levels.
Govt sanctions Rs 2K cr capital infusion for few banks
The government has decided to sanction Rs 2,000 crore to some public sector banks as part of its recapitalisation drive.
"We are in the process of sanctioning Rs 2,000 crore to a few public sector banks, but the the disbursement would take place at later date," official sources told PTI.
The mode of disbursement would be decided later, sources said, adding, the capital infusion would result in raising tier I capital or equity capital of the bank.
Besides, the capital infusion would result in enhancing government's stake in the select banks, sources said.
This is part of the Rs 6,000 crore re-capitalisation amount for the public sector banks announced in the Budget this year.
Finance Minister Pranab Mukherjee in his Budget speech had said, "During the year 2010-11, the government is providing a sum of Rs 20,157 crore for infusion in the Public Sector Banks to maintain Tier I Capital to Risk Weighted Asset Ratio (CRAR) at 8% and increase government equity in some banks to 58%".
"I propose to provide a sum of Rs 6,000 crore for the year 2011-12 to enable Public Sector Banks to maintain a minimum tier I CRAR at 8%," he said.
Most of the public sector banks got capital support from the government during the last fiscal. These banks included Punjab National Bank , Bank of Baroda , Union Bank of India , Oriental Bank of Commerce , UCO Bank and Dena Bank . :thumb:
DENA BANK 4% higher!!!!!!!!!!!!! intra......HOLD ON More to come........ :clap:
The government has decided to sanction Rs 2,000 crore to some public sector banks as part of its recapitalisation drive.
"We are in the process of sanctioning Rs 2,000 crore to a few public sector banks, but the the disbursement would take place at later date," official sources told PTI.
The mode of disbursement would be decided later, sources said, adding, the capital infusion would result in raising tier I capital or equity capital of the bank.
Besides, the capital infusion would result in enhancing government's stake in the select banks, sources said.
This is part of the Rs 6,000 crore re-capitalisation amount for the public sector banks announced in the Budget this year.
Finance Minister Pranab Mukherjee in his Budget speech had said, "During the year 2010-11, the government is providing a sum of Rs 20,157 crore for infusion in the Public Sector Banks to maintain Tier I Capital to Risk Weighted Asset Ratio (CRAR) at 8% and increase government equity in some banks to 58%".
"I propose to provide a sum of Rs 6,000 crore for the year 2011-12 to enable Public Sector Banks to maintain a minimum tier I CRAR at 8%," he said.
Most of the public sector banks got capital support from the government during the last fiscal. These banks included Punjab National Bank , Bank of Baroda , Union Bank of India , Oriental Bank of Commerce , UCO Bank and Dena Bank . :thumb:
DENA BANK 4% higher!!!!!!!!!!!!! intra......HOLD ON More to come........ :clap:
Titan Industries to enter new verticals
Titan Industries , maker of watches and fashion accessories, today said it plans to enter new verticals every other year and gain leadership in that market.
The thrust of the company's new corporate strategy is to get into new domains every second year and try and gain leadership in that market, Titan Industries Managing Director Bhaskar Bhat said.
Titan is planning to enter into two new categories this year -- silver watches and helmets.
"The company is working to perfect a technology that will ensure that silver does not get tarnished, without which entering this sector could be disastrous," Bhat said at the inauguration of an exclusive Fastrack store here.
"Titan Industries is exploring new opportunities to become a lifestyle company and not just a successful watch maker," he said.
"Titan has already moved into eye-wear products and is experimenting with non-leather bags, belts and other accessories. We are eyeing segments like pens, steel and even silver jewellery," Bhat added.
The Rs 6,000-crore plus Titan Industries has presence in watches, jewellery and eye-wear segments, besides precision engineering for aerospace and automobile sectors.
"We want to be a lifestyle retail chain controlling the entire life cycle of our brands from watches and ready-to-wear to leather accessories and footwear. We will get into different lifestyle categories and be the segment leader," the managing director said.
Titan also plans to open 100 new exclusive Fastrack stores across the country during the current fiscal year.
Further, Bhat said, "We (will) reach target of achieving annual turnover of Rs 1,500 crore from Fastrack stores in the next three years."
The company is planning to open two more stores in Ahmedabad and one each at Surat and Rajkot this year. :thumb:
Titan Industries , maker of watches and fashion accessories, today said it plans to enter new verticals every other year and gain leadership in that market.
The thrust of the company's new corporate strategy is to get into new domains every second year and try and gain leadership in that market, Titan Industries Managing Director Bhaskar Bhat said.
Titan is planning to enter into two new categories this year -- silver watches and helmets.
"The company is working to perfect a technology that will ensure that silver does not get tarnished, without which entering this sector could be disastrous," Bhat said at the inauguration of an exclusive Fastrack store here.
"Titan Industries is exploring new opportunities to become a lifestyle company and not just a successful watch maker," he said.
"Titan has already moved into eye-wear products and is experimenting with non-leather bags, belts and other accessories. We are eyeing segments like pens, steel and even silver jewellery," Bhat added.
The Rs 6,000-crore plus Titan Industries has presence in watches, jewellery and eye-wear segments, besides precision engineering for aerospace and automobile sectors.
"We want to be a lifestyle retail chain controlling the entire life cycle of our brands from watches and ready-to-wear to leather accessories and footwear. We will get into different lifestyle categories and be the segment leader," the managing director said.
Titan also plans to open 100 new exclusive Fastrack stores across the country during the current fiscal year.
Further, Bhat said, "We (will) reach target of achieving annual turnover of Rs 1,500 crore from Fastrack stores in the next three years."
The company is planning to open two more stores in Ahmedabad and one each at Surat and Rajkot this year.
:thumb:Intraday calls for 30.08.2011
Gitanjali Gems Buy above 315 for 330 SL 308
Bombay Dyeing Sell around 303-305 for 300-295 SL 307
Bata India Sell around 710 for 690 SL 720
Reliance Sell around 757 for 740 SL 761
Mah & Mah Sell close to 740 for 720 SL 743
OnMobile Global Buy for 15 days above 58 for 70 SL 54
FOLLOW ME AT moneyvidya.com
http://www.moneyvidya.com/Analysts/Shariq-Tungekar/25089
Gitanjali Gems Buy above 315 for 330 SL 308
Bombay Dyeing Sell around 303-305 for 300-295 SL 307
Bata India Sell around 710 for 690 SL 720
Reliance Sell around 757 for 740 SL 761
Mah & Mah Sell close to 740 for 720 SL 743
OnMobile Global Buy for 15 days above 58 for 70 SL 54
FOLLOW ME AT moneyvidya.com
http://www.moneyvidya.com/Analysts/Shariq-Tungekar/25089
DENA BANK:
Market Cap (Rs Cr.):2,717
EPS - TTM (Rs):19.22
P/E Ratio (x):4.37
Industry P/E Ratio (x):7.2
Book Value / sh. (Rs) :103.76
Trading below industry P/E standard... :thumb:
- 5 day RSI: 44
- 14 day RSI: 38
S2 S1 Pivot R1 R2
77.85 79.6 80.85 82.6 83.8
Trading close to around 84 -85 near to Resistance (R2), once close past Resistance (R2) will give strong upside move.....with short term targets of 91 - 97 - 105 - 115 keep SL around 78.5 :clap:
Long term investors - Hold for target of 129-154 in 3-4 months period
Happy Trading!!!!!!!!!!!!!!!!! :clapping:
Market Cap (Rs Cr.):2,717
EPS - TTM (Rs):19.22
P/E Ratio (x):4.37
Industry P/E Ratio (x):7.2
Book Value / sh. (Rs) :103.76
Trading below industry P/E standard... :thumb:
- 5 day RSI: 44
- 14 day RSI: 38
S2 S1 Pivot R1 R2
77.85 79.6 80.85 82.6 83.8
Trading close to around 84 -85 near to Resistance (R2), once close past Resistance (R2) will give strong upside move.....with short term targets of 91 - 97 - 105 - 115 keep SL around 78.5 :clap:
Long term investors - Hold for target of 129-154 in 3-4 months period
Happy Trading!!!!!!!!!!!!!!!!! :clapping:
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