Fwd: Positional call of Dabur
Sandeep Singh Sengar
From: TechnoFanda <techno...@gmail.com>
Date: Mon, Nov 11, 2013 at 12:49 PM
Subject: Positional call of Dabur
To: Techno fanda <techno...@gmail.com>
Dear All,
Buy DABUR at 159-162 for target 177 and 185.(Holding period till expiry)
Reasons :
1.The company has reported an EPS of Rs. 1.43 for the 2nd quarter as against an EPS of Rs. 1.16 in the corresponding quarter of the previous year."
2.On the basis of EV/EBITDA, the stock trades at 25.91 x for FY14E and 23.37 x for FY15E. Price to Book Value of the stock is expected to be at 11. x and 9.43 x respectively for FY14E and FY15E.
3.Strong performance in H1FY14, strong brand portfolio, favourable domestic & International sales mix, favourable Rural & Urban sales mix, introduction of new products/variants, healthy Namaste performance
4.With rural expansion programme, The Company has laid the foundation for strong and profitable growth in the future and this initiative started yielding positive results and is seeing demand from rural India outpacing the urban markets.
5.The company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also.
Technically the stock came to support levels , its a right time to pick the stock for the decent returns with no tension
Regards
Team TechnoFanda
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Disclaimer: The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information in this site are solely responsible for their actions.