penny stocks Technical Analysis Orbit Corporation (go back »)
November 4 2012, 5:33 AM
We are optimistic about OCL South-Mumbai focused authentic estate business model. In spite of reporting de-progress in the internet gain we still feel business will outperform its friends in the in the vicinity of foreseeable future. Business stands advantage from the new CRZ norms handed in Jan'11. Beneath this norm the no-progress zone has been reduced to one hundred meters from two hundred meters. Additional with 3 new jobs to be launched in following two-three quarters such as its two prime projects in the coronary heart of the Island City at Napean Sea Road (.3msf) and Lalbaug (.075msf) and 1 in penny stocks the Mumbai-suburb micro-industry at Santacruz (.3msf), together these assignments offers ample revenue visibility in the in close proximity to long term. At CMP 54, the stock is investing at six.3x and four.1x FY12E and FY13E earnings whilst on P/BV foundation the stock is obtainable at .5x and .4x its FY12E and FY13E ebook value respectively. We preserve our Buy score nonetheless we have revised our goal price tag downward to Rs 70.
On specialized point of view, stock market at this time displays important punition from the highs of Rs 91 nevertheless we consider it really is a momentary a single and we may penny stocks see some acquiring possibilities in the close to phrase. Nonetheless its specialized indicators i.e. RSI and MACD also discovered some technical pull again in in the vicinity of term.
Voltas has transformed by itself from a conventional HVAC (Heating, Air flow & Air Conditioners) player to a full MEP (Mechanical, Electrical & Plumbing) participant. Currently being a full MEP contractor expands the scope of function in total venture price tag from fifteen% for HVAC to 35% for MEP by supplying services like electrical power systems, fire detection and defense, procedure refrigeration, public wellbeing engineering, indoor air excellent and built-in commodity trading building administration in addition to the core HVAC answers. The EMPS section has developed at a CAGR of 29.five% over FY05-ten to Rs. 3113.four Crs and contributes 60% to the company's total revenues. The segment's present order book stands at Rs. 4697 Crs (31st December 2010). The business expects Rohini Industrial Electrical to flip all around by next fiscal which would positively add to the company's margins. With the noticeable development prospective customers in the UCP and EPS division, led by increasing infrastructure investments coupled with powerful buy ebook and very good track record penny stocks , we feel Voltas has sturdy sales revenue visibility. At the CMP of Rs.178, the stock is buying and selling at fifteen.6x and 13.7x its FY11E and FY12E EPS respectively. We advise Acquire on the stock with a focus on cost of Rs. 210, delivering an upside of far more than fifteen% from the present levels. On specialized viewpoint, stock has proven some consolidation around Rs 155. In near proximity we believe stock is nicely poised to move in upward course. In addition it really is RSI and other technical indicators stands in the oversold territory exactly where possibility of turnaround trading basics couldn't be rule out. Therefore stock traders are advised to Buy this stock for a price tag target of Rs two hundred-210 in a person thirty day period.
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