13 March 2007
investment idea
if nifty croses 3767 than it will be a goodf oppertunity for good buy the stocks which iam recomanding to you now if nifty comes to 3721 it mean still weak and do stoploss which u have
iGate Global Solutions has evolved from an onshore centric player to an integrated end-to-end offshore centric IT solutions provider. With a strong delivery engine and business matrices that match the best in the industry, it is well placed to reap the benefits in the form of revenue and profit growth, aided by an expansion in margins. We initiate coverage on the company with an OUTPERFORMER rating.
At the current price of Rs 350, the stock discounts its FY08E EPS of Rs 24.8 by 14.1x and FY09E EPS of Rs 40.7 by 8.6x. We find these valuations extremely attractive for a company whose earnings are likely to grow at CAGR of 85% over FY07-09E.
Adhunik Metaliks Ltd (AML), a value-added steel manufacturer, is expected to more than double its top line and quadruple its bottom line during FY06- 09E on the back of capacity expansion into high-margin products along with backward integration into critical raw materials such as iron ore and coal. We believe these initiatives would result in a significant de-risking of its business model and lend stability to earnings. The stock appears attractive on various valuation parameters and we rate it an Outperformer.
At the current price of Rs 37, the stock discounts its FY08E EPS of Rs 13.13 by 2.82x and FY09E EPS of Rs 15.02 by 2.46x. We believe the stock is a re-rating candidate and even at a lower P/E band of 4x FY08E earnings, it offers an upside of 42% to Rs 52.50 levels.
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by erectusplus at 13:45:00 |
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