Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Buy Wockhardt; target of Rs 630: Angel Broking

49 sec read

Angel Broking has recommended buy rating on Wockhardt with a target of Rs 630 in its February 21, 2008 report. “Wockhardt posted consolidated Sales and Profits of Rs 762 crore and Rs 106 crore in 4QCY2007 registering a growth of 45% and 21%, respectively. With this, for CY2007, Wockhardt posted consolidated Sales and Profits of Rs 2653 crore and Rs 386 crore registering a growth of 53.4% and 59.8%, respectively. A combination of the company’s organic and in-organic initiatives was mainly responsible for the growth in CY2007. During CY2007, the European business clocked an impressive growth of 97% to Rs 1410 crore (Rs 715 crore). Apart from Europe, US also posted robust growth of 64%.”

“At the CMP, the stock is trading at 8.5x CY2008E and 7.4x CY2009E FDEPS, which is at a significant discount to its peers. A substantial part of the discount is on account of the high competitive pressures in the Generic space and dependence of the company on its M&A strategy to scale up its Generic business. The stock is quoting at 4.5x EV/EBDITA CY2009E, which is at a significant discount to its peers, which are  trading at 6.5x EV/EBDITA. We believe the stock is available at attractive valuations even after discounting the concerns. Hence, we maintain a Buy on the stock, with an 18-month Target Price of Rs 630," according to Angel Broking research report.

 

[wp_ad_camp_5]

 

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source:...
Rajandran R
5 sec read

Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
Rajandran R
6 sec read

JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop...
Rajandran R
12 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More