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You are here: IndiaNotes >> Market Insights - 20 Apr 2016 >> Pick of the week: Buy VIP Industries - IndiaNotes.com Market Insights Newsletter
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Welcome to Market Insights.

Table of contents:

1. Coromandel International: Huge surge in volume, Buy

2. This maker of lead acid storage batteries has upside potential of ~24% over next 9-12 months

3. Pick of the week: Buy VIP Industries at CMP & add on declines

4. Buy Indoco Remedies for the medium- to long-term

5. J Kumar Infraprojects: Attractive valuations, Buy

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Coromandel International: Huge surge in volume, Buy

According to Dynamic Levels, Coromandel has fallen 60% from high of 353 and made a low of 145, it took support at 150 levels and shown good buy after prediction of above average monsoon. Huge volume surge confirms BUY with support at 203 and we expect it to break the major resistance of 229.

Click here to read the detailed analysis by Dynamic Levels


This maker of lead acid storage batteries has upside potential of ~24% over next 9-12 months
According to AUM CAPITAL, expectation of growth in automobile sector along with the improvement in demand of industrial batteries segment and the company's efforts to make further inroads into supplies to OEMs gives it an edge over others. At the CMP of Rs.894.60, the stock is trading at FY17E P/E of 25.75x. We recommend a BUY on the stock.

Pick of the week: Buy VIP Industries at CMP & add on declines
According to HDFC Securities, VIP is an attractive play on boost in urban and semi urban consumption. Increased spend on A&P is likely to result in higher brand recognition and recall going forward. Focus on premium brands will drive margin expansion. We feel investors could buy the stock at the CMP and add on dips to Rs.99-106 band.


Buy Indoco Remedies for the medium- to long-term
According to Firstcall India Equity, at the current market price of Rs.270.00, the stock P/E ratio is at 29.23 X F Y16E and 26.24 X FY17E respectively. Price to Book Value of the stock is expected to be at 4.12 X and 3.56 X for F Y16E and F Y17E respectively. Hence, we are Overweight in this particular scrip for Medium to Long term investment.

J Kumar Infraprojects: Attractive valuations, Buy
According to SPA Securities, the stock is currently trading at a P/E & EV/EBIDTA of 9.2x & 4.5x FY18E earnings respectively, which we believe is attractive, considering 36.4% CAGR in earnings over FY16E-18E & sharp improvement in return ratios over next two years.

Featured Technical Call for today by Mr. Bilal Khair
CEAT (FUTURE), BUY INTRADAY, FOR ENTRY 1133 - 1135, AND STOP-LOSS 1113
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