Sunday, April 30, 2017

AmiBroker 6.22.0 BETA

We have Migrated to AmiBroker 6.22 (Beta) Version.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Monday, April 24, 2017

S Chand & Company IPO analysis

About the issue
The company offer comprises of fresh issue of shares and offer for sale to raise around Rs 728.5 crore. The company is going to raise Rs 300 crore through fresh issue, while the balance amount will be raised through offer for sale of 60,23,236 equity shares of face value of Rs 5 per share. The issue will remain open from April 26, 2017 till April 28, 2017 with a price band of Rs 660-670 per share.
Purpose of the IPO
The company plans to utilise net proceeds from this offer for prepayments or repayments of own and its subsidiary EPHL, VPHPL and NSHPL debts. The company also proposes to use these funds for general corporate purposes.
Industry Outlook
India is one of the fastest growing economies in the world GDP growth of approximately 7.6% in FY16 and is expected to grow at 8% in FY17. India’s increasing GDP growth has aided the rise in income levels and spending power. As India’s per capita GDP levels and spending levels have increased, the share of spend in discretionary items has also increased from 53% in 2005 to 59.4% in 2016.
Growth in urbanization, increase in disposable incomes, growing literacy rate, increase in government spending on education are some of the major key drivers for the education sector to grow in India. The Right to Education Act (RTE Act), a policy initiative by the Government of India, emphasizes the need to implement various educational initiatives which would lead to increasing enrolment across all education segments in the coming years.
Company Outlook 
The company is one of the leading Indian education content company that delivers content, solutions and services across the education lifecycle through the K-12, higher education and early learning segments. It offers 53 consumer brands across knowledge products and services. In December 2016, the company has acquired 74% of the outstanding share capital of Chhaya Prakashani Pvt Ltd.
As of June 30, 2016, its distribution and sales network consisted of 4,907 distributors and dealers, and the in-house sales team consisted of 697 professionals working from 58 branches and marketing offices across India. Additional 746 distributors and dealers joined the network through Chhaya as of December 1, 2016. It has developed a robust supply chain by rationalizing and integrating its procurement, manufacturing and logistic capabilities. In FY16, its logistics network comprised of 42 warehouses located in 19 states across India. Also, its hybrid offering contributed 38.82% and purely digital offerings contributed 5.55% of their consolidated operating revenue from the K-12 segment.
Till FY16, K-12 contributed 72.49%, higher education segment contributed 11.28% and the early learning business segment contributed 3.21% of consolidated total revenue of the company. The company further plans to expand its leadership in the K-12 market. In order to increase the share of content by CBSE/ICSE schools, it is focusing to develop subject bestsellers and introduce new titles to fill portfolio gaps. The company is also planning to increase its presence in state board markets by acquiring leading regional content houses. Also, it is focusing on being comprehensive education content provider through digital media. To achieve this goal, it has started investing in early stage education companies and education related technology so that it can leverage both the strong content offering and sales and distribution network as these new technology driven offerings capture market share.
Financial Performance 
The company’s consolidated revenues grew at a CAGR of 32.64%, consolidated EBITDA grew at a CAGR of 47.47% and consolidated PAT grew at a CAGR of 33.48% over FY12-16. It delivered RoNW of 7.82%.


Peer Comparison & Valuation
S Chand & Company is valued at an upper price band of Rs 670 with P/E of 39.20x and EPS of Rs 17.09. The company has only one listed peer, i.e. Navneet Industries Limited which is valued at P/E of 25x with EPS of Rs 4.34 and delivered RoNW of 17.73%. Navneet’s consolidated revenue has grown at a CAGR 11.62% and PAT has grown at a CAGR 8.28%.
Our View
As we can see from the financials, the additional growth for the company is at the cost of margins. Margins have been eroding due to higher paper prices and also inability to pass on the cost of customers. Prices in paper industry are soaring up which is affecting EBITDA and PAT margins adversely. As compared to its peer, Navneet Industries, S Chand & Co is lacking in innovation of latest technology through digitization. As dependence on digital media is growing, S Chand & Co which has limited presence in digital space will see contained growth. Also, Navneet Industries has stationery segment as a growing market whereas S Chand & Co is lacking behind in this segment. The education sector currently is growing at a stable rate and competition is intense. In the long run, we expect the company may give returns of about ~10% to its investors which is not so promising. Looking at margins pressure, lower growth prospects and high valuation, we recommend our investors to avoid subscribing to this IPO.

Source : http://www.dsij.in/article-details/articleid/19578/s-chand-company-ipo-analysis.aspx#sthash.fPG1hfxs.dpuf

Sunday, April 23, 2017

Dynamatic Technologies Ltd ( DYNAMATECH )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks, Financial Analysis & Valuations


DYNAMATECH closes at 2792.15  with  a  Gain      of   +  0.40 %   on    21 April 2017   with formation of  a  Green Tick    on Daily  Price Chart.  Technically,   DYNAMATECH has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to  BUY /    Accumulate     DYNAMATECH at   CMP  
Target: ₹  3500-6000
Stop: Loss  :₹  2630
Time Frame :  3-24  Months

Disclaimer : We are going to take exposure shortly.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Bajaj Hindusthan Sugar Ltd (BAJAJHIND)-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks, Financial Analysis & Valuations


BAJAJHIND closes at 17.55  with  a  Gain      of   +  12.50 %   on    21 April 2017   with formation of  a  Green Tick    on Daily  Price Chart.  Technically,   BAJAJHIND  has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /    Accumulate     BAJAJHIND at   CMP  
Target: ₹  24-100
Stop: Loss  :₹  12
Time Frame :  3-24  Months
Disclaimer : We are going to take exposure shortly.

You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Friday, April 21, 2017

Womens Next Loungeries Ltd (538128)-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks, Financial Analysis & Valuations


Womens Next Loungeries Ltd closes at 79.20  with  a  Gain      of   +  20 %   on    21 April 2017   with formation of  a  Green Tick    on Daily  Price Chart.  Technically,   Womens Next Loungeries Ltd has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate Womens Next Loungeries Ltd at   CMP  
Target: ₹  120
Stop: Loss  :₹  69
Time Frame :  1- 6  Months
Financials :  https://docs.google.com/spreadsheets/d/1lrvTQS2_yGxzqKg_HEkLjOWl_F8gVvo39WTvFkcKpM4/edit?usp=sharing
Disclaimer : We are going to take exposure shortly.
 You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Camson Seeds Ltd (540071 )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks



Camson Seeds Ltd closes at 15.83  with  a  Gain      of   +  5 %   on    20 April 2017   with formation of  a  Green Tick    on Daily  Price Chart.  Technically,   Camson Seeds Ltd has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate Camson Seeds Ltd   at   CMP  
Target: ₹  30-50
Stop: Loss  :₹  11.20
Time Frame :   6  Months
Financials :https://docs.google.com/spreadsheets/d/1vv_apaR9cqtSV1QvU4-OcVRvVrvgGuLZD2VNvKttr6w/edit?usp=sharing
Disclaimer : We are going to take exposure shortly.


You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Kilitch Drugs (India) Ltd (KILITCH )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


KILITCH closes at 62.95  with  a  Gain      of   +  10 %   on    20 April 2017   with formation of  a  Long Green   Candle    on Daily  Price Chart.  Technically,   KILITCH has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate KILITCH   at   CMP  
Target: ₹  160-180
Stop: Loss  :₹  58.75
Time Frame :   12-24  Months
Disclaimer : We are going to take exposure shortly.


You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Sree Rayalaseema Hi-Strength Hypo Ltd (SRHHYPOLTD )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


SRHHYPOLTD closes at 147.15  with  a  Gain      of   +  10.1  %   on    20 April 2017   with formation of  a  Long Green   Candle    on Daily  Price Chart.  Technically,   SRHHYPOLTD has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate SRHHYPOLTD   at   CMP  
Target: ₹  178 / 220
Stop: Loss  :₹  137
Time Frame :   6-12/18  Months
Financials: https://docs.google.com/spreadsheets/d/1eOq9yaexC3w59f_mnMBW3pXij7zmn-S0OBmgqKXvC9k/edit?usp=sharing

Disclaimer : We are going to take exposure shortly.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Tijaria Polypipes Ltd (TIJARIA )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


TIJARIA closes at 10.66  with  a  Gain      of   + 19.90  %   on    20 April 2017   with formation of  a  Long Green   Candle    on Daily  Price Chart.  Technically,   TIJARIA  has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate TIJARIA   at   CMP  
Target: ₹  20
Stop: Loss  :₹  7.43
Time Frame :   6-12 Months

Disclaimer : We are going to take exposure shortly.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

CG Power & Industrial Solutions Ltd (CGPOWER )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


CGPOWER  closes at 79.75  with  a  Gain      of   + 0.10  %   on    20 April 2017   with formation of  a  Small Green   Candle    on Daily  Price Chart.  Technically,  CGPOWER  has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our  NNI index has also turned Positive.
We Recommend to BUY /Accumulate  CGPOWER  at CMP  
Target: ₹  118 / 230
Stop: Loss :₹  73
Time Frame:   6-24 Months
Financials:https://docs.google.com/spreadsheets/d/18xvwNw169nAg22KS5Fm_o3kJ49XswIJqF683YT3nYDM/edit?usp=sharing

You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Monday, April 17, 2017

Manaksia Industries Ltd (MANAKSIA )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


MANAKSIA  closes at 65.85  with a    Fall      of    -2.50%   on    13 April 2017   with formation of  a  Long  Red   Candle    on Daily  Price Chart.  Technically, MANAKSIA has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate MANAKSIA  at CMP  
Target: ₹  165
Stop: Loss :₹  56
Time Frame:   12-24 Months
Disclaimer : We are going to take exposure shortly.


You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Sunday, April 16, 2017

Ruchi Soya Industries Ltd (RUCHISOYA )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


RUCHISOYA  closes at 25.05  with a   fall     of   -2.50 %  on    13 April 2017   with formation of  a Red   Candle    on Daily  Price Chart. Technically, RUCHISOYA has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.
We Recommend to  Accumulate  RUCHISOYA  at  CMP  
Target: ₹   100-120
Stop: Loss :₹  NIL
Time Frame:   36 Months

Disclaimer : We are going to take exposure shortly.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

TVS Electronics Ltd (TVSELECT )-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


TVSELECT  closes at 206.75  with a   gain     of   +6.50 %  on    13 April 2017   with formation of  a  Long  Green    Candle    on Daily  Price Chart. Technically, TVSELECT has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to BUY /Accumulate TVSELECT  at CMP   or  5% lower level
Target: ₹   300
Stop: Loss :₹  NIL
Time Frame:   3 Months
Financials:https://docs.google.com/spreadsheets/d/1Ow1AE4fByGnlzB9pYsC6Q450eJ83_Yg2fiaayLlZPBs/edit?usp=sharing
Join Us at   WhatsApp:  https://chat.whatsapp.com/KfzqmHAN9dp0Z8Bl9xtdVh
Disclaimer : We are going to take exposure shortly.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Friday, April 14, 2017

Dedicated Excel Sheet for https://www.screener.in

Successfully created a Fundamental Analysis Excel Sheet for Stocks traded at NSE / BSE & uploadable at https://www.screener.in

The new features are mostly used by Equity Research firms in fundamental analysis of stocks.
1.       Earning Quality
2.       Capital Expenditure Ratio
3.       Price / FCF
4.       FCF/Share
5.       Free Cash Flow

Investors can reach us at mail@niftynext.com  to in-rich his / her fundamental analysis skill.

Thursday, April 13, 2017

Tamil Nadu Petro Products Ltd (TNPETRO )-A MultiBagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks

TNPETRO  closes at ₹ 50.50  with a   gain     of   +13.20 %  on    12 April 2017   with formation of  a  Long  Green    Candle    on Daily  Price Chart. Technically,  TNPETRO has  entering into a Long Term Bullish  Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.
We Recommend to  BUY /Accumulate  TNPETRO Ltd Ltd at CMP   
Target : ₹75-80
Stop: Loss :₹45
Time Frame: : 30 Days
*Financials : https://www.screener.in/company/TNPETRO/
Join Us at WhatsApp :  https://chat.whatsapp.com/KfzqmHAN9dp0Z8Bl9xtdVh


Disclaimer : We are going to take exposure shortly.
You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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