JACKPOTS -BUY DOLLEX IND 531367 NEAR 9 SL:7 TGT:15 WITHIN 3-6MONTHS/BUY EROS INT 533261 NEAR 193 SL:175 TGT:350 WITHIN YEAR .
INTRADAY BUY NORTHGATE 590057 NEAR 24.6 - 24.8 SL:23.7 TGT:26-29 IF U MISSED NORTHGATE BUY VAS INFRA NEAR 118 SL:114 TGT:125-142 [Time:8.54am]
NIFTY FLAT AFTER SOME GREEN ,SUDDEN JERKS WIL COME GLOBAL MKTS WEAK .AFTER SMALL CORRECTION NIFTY CAN TOUCH 6868 BEFORE BUDGET.BULLS:TATAMOTOR,ON MOBILE
INTRADAY BUY NORTHGATE 590057 NEAR 24.6 - 24.8 SL:23.7 TGT:26-29 IF U MISSED NORTHGATE BUY VAS INFRA NEAR 118 SL:114 TGT:125-142 [Time:8.54am]
NIFTY FLAT AFTER SOME GREEN ,SUDDEN JERKS WIL COME GLOBAL MKTS WEAK .AFTER SMALL CORRECTION NIFTY CAN TOUCH 6868 BEFORE BUDGET.BULLS:TATAMOTOR,ON MOBILE
Market outlook 04-11-2010
US Markets closed positive.
Europe markets also ended in red.
Asian markets are trading in green.
NIFTY Fut OPEN 30+ Sup:6191-61
IF NIFTY Fut sustain 6242 ,THEN 6280+
IF NIFTY Fut sustain 6242 ,THEN 6280+
Railway budget pick:
BUY KALINDEE RAIL-522259 Buy ZONE 161-170 No NEED SL Tgt 240-281 STOCK WIL FLARE UP 50% Before Rail budget 25-02-2011
BUY APCOTEX 523694 NEAR 194 SL:186 TGT:201-225 ( Time:8.55am)
BUY RUCHINFRA NEAR 34 SL:32.6 TGT:36++ APCOTEX EXIT ON RISE ( Time:9.55am)
INTRADAY BEEPS
Buy Biocon, stop loss Rs 410, target Rs 475.
Buy Shriram Transport Finance, stop loss Rs 832, target Rs 963.
Buy Dish TV SL 58 Target 66.
Comapny :- Dewan Housing Finance Ltd 02-10-2010
NSE Symbol:- DEWANHOUS
CMP:- 315
Target:- 400
Time Frame:- 6 Month
Upside Potential :- 25%
Dewan Housing Finance, the third largest housing finance company in the country after HDFC and LIC Housing Finance, provides home loans upto Rs 5 crore, in the tenure of 1-20 years.
With corporate office at Mumbai and six zonal offices, the company caters to over 3 lakh customers through its extensive network of 85 branches, 77 services centers and 30 camps, managed by 7 regional processing offices spread across India.
Besides this, the company also has joint ventures with PSU banks such as Punjab & Sind Bank, United Bank of India and Central Bank of India,to reach out further to its customers. It has strengthened its NRI reach through representative offices in London and Dubai as well as
tie-up with UAE Exchange.
As on 30th September 2010, Wadhwan family held 41.59% under promoter category, while FIIs and DIIs held 33.29% and 10.23% respectively,leaving only 14.89% in the hands of Indian public. The company has been paying dividend continuously for over last 10 years.
In FY10, it disbursed Rs 3,866 crore by way of housing loans and reported income from operations of Rs 991 crore and PBT of Rs 202 crore (PBT margin 20.4%). Net profit for the year was Rs 151 crore, leading to a net margin of 15.2%. On equity of Rs 82 crore (FV 10),
this results in an EPS of Rs. 18.40. Capital adequacy ratio, as on 31st March 2010, stood at 17.26%, way above National Housing Bank's (NHB) minimum requirement of 12%.
In H1 FY11, the company has expanded its loan portfolio, as well as increased its profitability. Loan disbursements increased by 68% (YoY) to Rs 2,944 crore, while income from operations rose 37% to Rs 629 crore. NIMs increased to 2.91% in H1FY11 from 2.75% in FY10.
PBT, even after excluding one-time profit of Rs 35 crore on sale of investments, was Rs 144 crore, increasing PBT margin to 22.9% from 20.4% in FY10. Net profit for the first six months of the year was Rs 145 crore (including exceptional gain). On equity (expanded due to QIP and preferential allotment to promoters) of Rs 104 crore, this results in EPS of Rs 13.95 for the half-year.
As on 30th September 2010, the company's loan portfolio stood at Rs 11,145 crore while asset size was Rs 12,063 crore. Networth, on that date, was Rs 1,497 crore, resulting in a BVPS of Rs 144.
For FY11, the company is expected to report topline in excess of Rs 1,200 crore with net profit of around Rs 265 crore, with EPS of over Rs 25 on the present outstanding equity. This discounts the current market price by 12.3 times based on the current year earnings.
Considering the BVPS (30.09.10), the PBV multiple is Rs 2.2 times.
Larger peers HDFC and LIC Housing Finance are ruling at PE multiples of 34 and 15 times respectively. Even on PBV basis, Dewan Housing looks cheap as HDFC is ruling at 5.1 times while LIC Housing is quoting at 3.4 times. Even Gruh Finance, whose loan book one-fifth the size of Dewan Housing, is quoting at PBV of 4.8x and PE of over 22 times.
The company has promoted another housing finance company, called Aadhar Housing Finance, which will cater to retail housing loans in the low income segment in certain Indian states. International Finance Corporation, the private sector arm of World Bank, has invested Rs. 20
crore for 20% stake in this subsidiary.
The company is also seeking shareholder approval to increase its borrowing limit to Rs 50,000 crore, which will help increase lending, going forward. Present debt, as on 30th September 2010, stood at Rs 10,562 crore.
With housing finance companies having caught market's fancy, this stock will gain value, as financial workings improve, backed by PE and PBV expansion.
Share, at Rs 310.85, qualifies a good investment bet with potential to touch Rs 400 in six months.
HOW TO: Undo “Send” in Gmail ?
Ever hit the send button on an email and immediately regret it? Gmail has a little-known feature allowing you to undo an email right after sending it. Whether you let your temper get out of hand, hit send by accident, or forgot to add that attachment, here's a way to get the sent email back. The steps below will explain how to enable and use the undo tool in Gmail, and save yourself some future embarrassment!
1. Sign into your Gmail account.
2. Click on the "Settings" link on the top right of the web page.
3. Click on the "Labs" tab once in Settings.
4. Scroll down almost to the bottom to find the "Undo Send" tool. Click the radio button (the little circle) next to "Enable" to enable the Undo feature.
5. Continue to the bottom of the page and click on the "Save Changes" button. You've now enabled the ability to undo sent emails!
From now on, when you hit send on an email and your inbox comes back up, the yellow notification block will have the "Undo" option next to the standard message saying "Your message has been sent". Simply click "Undo" when the option comes up. The message will not be delivered to the addressee, and will be saved as a draft so you can go back and edit or delete the message.
Target:- 400
Time Frame:- 6 Month
Upside Potential :- 25%
Dewan Housing Finance, the third largest housing finance company in the country after HDFC and LIC Housing Finance, provides home loans upto Rs 5 crore, in the tenure of 1-20 years.
With corporate office at Mumbai and six zonal offices, the company caters to over 3 lakh customers through its extensive network of 85 branches, 77 services centers and 30 camps, managed by 7 regional processing offices spread across India.
Besides this, the company also has joint ventures with PSU banks such as Punjab & Sind Bank, United Bank of India and Central Bank of India,to reach out further to its customers. It has strengthened its NRI reach through representative offices in London and Dubai as well as
tie-up with UAE Exchange.
As on 30th September 2010, Wadhwan family held 41.59% under promoter category, while FIIs and DIIs held 33.29% and 10.23% respectively,leaving only 14.89% in the hands of Indian public. The company has been paying dividend continuously for over last 10 years.
In FY10, it disbursed Rs 3,866 crore by way of housing loans and reported income from operations of Rs 991 crore and PBT of Rs 202 crore (PBT margin 20.4%). Net profit for the year was Rs 151 crore, leading to a net margin of 15.2%. On equity of Rs 82 crore (FV 10),
this results in an EPS of Rs. 18.40. Capital adequacy ratio, as on 31st March 2010, stood at 17.26%, way above National Housing Bank's (NHB) minimum requirement of 12%.
In H1 FY11, the company has expanded its loan portfolio, as well as increased its profitability. Loan disbursements increased by 68% (YoY) to Rs 2,944 crore, while income from operations rose 37% to Rs 629 crore. NIMs increased to 2.91% in H1FY11 from 2.75% in FY10.
PBT, even after excluding one-time profit of Rs 35 crore on sale of investments, was Rs 144 crore, increasing PBT margin to 22.9% from 20.4% in FY10. Net profit for the first six months of the year was Rs 145 crore (including exceptional gain). On equity (expanded due to QIP and preferential allotment to promoters) of Rs 104 crore, this results in EPS of Rs 13.95 for the half-year.
As on 30th September 2010, the company's loan portfolio stood at Rs 11,145 crore while asset size was Rs 12,063 crore. Networth, on that date, was Rs 1,497 crore, resulting in a BVPS of Rs 144.
For FY11, the company is expected to report topline in excess of Rs 1,200 crore with net profit of around Rs 265 crore, with EPS of over Rs 25 on the present outstanding equity. This discounts the current market price by 12.3 times based on the current year earnings.
Considering the BVPS (30.09.10), the PBV multiple is Rs 2.2 times.
Larger peers HDFC and LIC Housing Finance are ruling at PE multiples of 34 and 15 times respectively. Even on PBV basis, Dewan Housing looks cheap as HDFC is ruling at 5.1 times while LIC Housing is quoting at 3.4 times. Even Gruh Finance, whose loan book one-fifth the size of Dewan Housing, is quoting at PBV of 4.8x and PE of over 22 times.
The company has promoted another housing finance company, called Aadhar Housing Finance, which will cater to retail housing loans in the low income segment in certain Indian states. International Finance Corporation, the private sector arm of World Bank, has invested Rs. 20
crore for 20% stake in this subsidiary.
The company is also seeking shareholder approval to increase its borrowing limit to Rs 50,000 crore, which will help increase lending, going forward. Present debt, as on 30th September 2010, stood at Rs 10,562 crore.
With housing finance companies having caught market's fancy, this stock will gain value, as financial workings improve, backed by PE and PBV expansion.
Share, at Rs 310.85, qualifies a good investment bet with potential to touch Rs 400 in six months.
HOW TO: Undo “Send” in Gmail ?
Ever hit the send button on an email and immediately regret it? Gmail has a little-known feature allowing you to undo an email right after sending it. Whether you let your temper get out of hand, hit send by accident, or forgot to add that attachment, here's a way to get the sent email back. The steps below will explain how to enable and use the undo tool in Gmail, and save yourself some future embarrassment!
1. Sign into your Gmail account.
2. Click on the "Settings" link on the top right of the web page.
3. Click on the "Labs" tab once in Settings.
4. Scroll down almost to the bottom to find the "Undo Send" tool. Click the radio button (the little circle) next to "Enable" to enable the Undo feature.
5. Continue to the bottom of the page and click on the "Save Changes" button. You've now enabled the ability to undo sent emails!
From now on, when you hit send on an email and your inbox comes back up, the yellow notification block will have the "Undo" option next to the standard message saying "Your message has been sent". Simply click "Undo" when the option comes up. The message will not be delivered to the addressee, and will be saved as a draft so you can go back and edit or delete the message.
For Zoom Picture Click on picture
Disclaimer:-This report has been prepared solely for information purposes. Neither the author nor his firm accepts any liability arising out of use of the above information/ article.
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