‘Buy’ Hero Motocorp – TP Rs.2050

• Company’s 3QFY12 revenue increase at 17% yoy and EBITDA at 31% yoy are in line with market expectations.
• EBITDA margin at 15.8% up 170 bps yoy and 10 bps down qoq has also been line with market estimates.
• Company could offset higher raw material cost by lower other operating expenses.
• Depreciation increase of 7% is due to weakness in rupee against JPY.
• Domestic motorcycle volume increased 11% yoy against industry growth rate of 9%,  translating in to market share gain of 125 bps yoy.
• Company showed healthy improvement in all operating parameters yoy. Sequentially, the margins are slightly down due to seasonality and change in product mix.
• 4QFY12 volume growth is expected to be similar to that of 3Q. 
• Honda’s entry in to 100 cc bikes has been a significant overhang on the stock. However, the brand equity and distribution edge enjoyed by the company would help limit market share loss.
• Market share gain in 125 cc bikes and scooter segment will limit the market share loss in the two wheeler segment.

Sun TV Network has launched three new pay channels

Sun TV Network has launched three new pay channels from Monday -- Sun Life, Sun TV RI (Rest of India) in Tamil and Gemini Life in Telugu.

Sun Life and Gemini Life will focus on areas like lifestyle, religion, health and education, the Chennai-based broadcaster said. Sun TV RI will transmit the same content that goes on air on its flagship Sun TV channel, but the broadcast will be specialized for all states other than Tamil Nadu, allowing advertisers to focus on specific geographical areas.

The company now has 32 TV channels, which includes 12 in Tamil, nine in Telugu, seven in Kanada and four channels in Malayalam languages, Sun TV said.

Sun TV has been quite aggressive in launching new channels and pushing new content recently. Last week it launched four advertisement free action movie channels in Tamil, Telugu, Kannada and Malayalam. In December, it had launched four high definition TV channels, three in Tamil and one in Telugu.

http://www.sunnetwork.in/

ICICI Prudential Fixed Maturity Plan Series 61- 18 months Plan B

The launch of ICICI Prudential Fixed Maturity Plan Series 61- 18 months Plan B. A close-ended debt fund, which seeks to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the Plan.

Date of Opening         January 03, 2012
Date of Closing         January 09, 2012
Asset allocation & Credit profile Non-Convertible Debentures: AAA - 0-5%, AA - 95-100%

2010 Vs 2011

Good Monday..

Today


BSE 15,970.75
+232.05 (1.47%)

NSE 4,779.00
+65.00 (1.38%)


Buy Tips
PTC India Ltd.,





IFCI Ltd.   23.55Rs.       +6.80 %
Apollo Hospitals 593.75Rs. +5.24 %

Gold ETFs

Liquid ETF

Equity ETFs On NSE

RECOMMENDATIONS

1)    NETWORK-18 (36.1)

            Support at 34.9 below 33.65. Resistance at 36.5 above 38 and more. (Buy at declines)

2)    DEN NETWORKS (47.85)

Resistance is at 49 above 51. (Buy at declines) Support at 45 below 44.3.

3)    COAL INDIA (307.15)

           Resistance is at 309 above 312 and 314. (Buy at declines) Support at 303 below 301.

4)    CIPLA (332.8)

              Resistance at 334 above 339. Support at 329 and 325. (Buy at declines)

5)    L&T (1033)

             Resistance at 1040 above 1065. (Sell at higher). Support at 1018 below 1000.

Moharum Holiday

Please be informed that, 6th December 2011, Tuesday will be a Trading & Clearing Holiday for both NSE and BSE due to Moharum.

End of the Day( EOD )
BSE 16,805.33 -41.50 (-0.25%)
NSE   5,039.15 -11.00 (-0.22%)