STOCK ANALYSIS:UNITECH

STOCK ANALYSIS:UNITECH

I have been mentioning for last several days that Realty sector are the real pains now a days on increasing interest rates, but there are few stocks in this sector which has been corrected more than enough to digest this and now some positive correction is on the card as they are now at very cheap level. Unitech stands one of them.
FUNDAMENTAL ANALYSIS:-
The company has a market cap of approx 27,500 Crores with P/E 27.98 and EPS 6.06. In spite of increasing interest rates the company was able to give a satisfactory Q1. Unitech's Q1 net profit stood at Rs 423.3 crore as compared to Rs 365.7 crore in the same period last year. Total income in Q1 was up at Rs 1,054.4 crore as against Rs 899.7 crore. The company has more than 55 mn sq ft under construction.

TECHNICAL ANALYSIS:-The stock has significantly reduced from 546 Rs in Jan 08 to 135 Rs in mid July 08. Now consolidating in a range of 135-170 range, In mid July the price movement has taken a place of inverted Head and Shoulder reversal pattern indicating that the stock is being accumulated at this level. The stock now above 30 sma. The daily RSI and daily MACD are exhibiting positive divergence in the line of price pattern.

Simple Moving Averages

Days BSE NSE
30 164.61 164.82
50 182.52 182.64
150 294.61 294.78
200 318.28 318.48

Thus on fundamental and technical analysis we derive a conclusion that the stock is a worth in our portfolio at current CMP
ADVICE TO INVESTORS:-

Based on the above analysis it is believed that the stock appears to have made the intermediate bottom at the long term support level at 140-145. Traders can buy the stock at current levels and on pull back with a support at 160 level for the following targets.
TARGET:-
Based on above analysis targets estimated are
i) Short term – 180-185 Rs. for positional traders with stop loss of 154 Rs
ii) Medium term – 240-260 Rs. for investors
iii) Long Term – 460-500 Rs. for investors.

Note: - All above views are mine and before investing investors should Invest at your own risk.
GHANENDRA VEER VIKRAM !!!

Stock Analysis : Mahanagar Telephone Nigam Ltd.

Mahanagar Telephone Nigam Ltd closed at Rs 103.80, down Rs 3.55, or -3.31%. It has touched an intraday high of Rs 108.90 and an intraday low of Rs 103.25 in BSE on 31-July-2008.

It was trading with volumes of 546048 shares in BSE. On 30-July-2008 the share closed at Rs 107.35.

Currently the stock is around -50% below the 52-week high of 219.45 and around 20% above the 52-week low of 83.20.

Mahanagar Telephone Nigam Ltd has a PE of 13.33 with a EPS of 8.05. It had given good results and the market capital of this company is around 6539 Crores. Fundamentally the stock is good and can deliver profits soon.

Suggestion to Investors:
(1) I recommend a buy in Mahanagar Telephone Nigam Ltd (MTNL) from a short-term perspective. It is evident from the charts of MTNL that from its 52-week high of Rs 219, the stock tumbled steeply during January 2008. This down-move continued until the stock found support at Rs 83 in early July.

(2) Since then it has been charting a short-term uptrend. I notice that the stock has formed a falling wedge pattern (a bullish pattern), spanning over the past five months. On July 24, the stock broke out of this falling wedge pattern by gaining 7 per cent with extraordinary volume.

(3) The stock is trading well above its 21- and 50-day moving averages. The daily relative strength index (RSI) is featuring in the bullish zone.

(4) The weekly RSI is displaying a prolonged positive divergence and has entered into the neutral region from the bearish zone. The moving average convergence and divergence has entered into the positive territory.

(5) My short-term forecast of the stock is bullish. I expect the stock to move up until it hits my price target of Rs 115 in the upcoming trading sessions.

(6) Traders with short-term perspective can buy the stock, while maintaining a stop-loss at Rs 98.

(7) Mtnl has approved 25% final dividend and 2:5 bonus issue. Share will touch Rs 200 by end of this quater.
Mahanagar Telephone Nigam Ltd Company Update:
Mahanagar Telephone Nigam Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 112164.8 lacs for quarter ending on 30-JUN-2008 against Rs. 119568.7 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 11519.7 lacs for the quarter ending on 30-JUN-2008 against Rs. 11090.3 lacs for the quarter ending on 30-JUN-2007.
Recommendations:

Short term: HOLD

Medium term: HOLD AND AVERAGE

Long term: BUY

All views are my personal views about the stock investors should at his own risk
GHANENDRA VEER VIKRAM!!

TATA COMMUNICATIONS

Net sales down by 15% at Rs 858 cr Vs Rs 1008 cr
On sequential basis sales expected to improve 1%.
Net profit seems down by at 26% atRs 77 cr Vs 104cr
FACTORS TO WATCH
Environment of core remain challenging,voice revenue stayed flat Q4FY08
aggregate loses of subsdaries of tyco,teleglobe to watch out for
PC to PC voice traffic generating robust traction
international termination charges on time division multiplexing dropped to 2 cent per minute
Revenue from TDM traffic expected to be flat
only 18 % of data revenue comes from managed services.
managed services offer max value addition and high margin
REVENUE BREAK UP
wholesale voice 52%
Enterprice and carrier 37%
PROFIT BREAK UP
whole sale voice14%
enterprise and carrier 77%
TATA COMMUNICATIONS ON BSE
currently trading at Rs 424.50(-2.32%)
stock has P/E of Rs 51.71
and has EPS of Rs 8.21
i recommend a strong BUY with a price target of Rs 700
I hope you liked my analysis and i advice investors to invest at your risk.

GHANENDRA