Gateway Distriparks BUY on DECLINES !
GATEWAY DISTRIPARKS (BUY) BETWEEN 80-90 (SHORT TERM Target1)115 (SHORT TERM Target2) 128 & 145 (Sl) 65
Gateway Distriparks (GDL) is an integrated port-based logistics player with a presence in the rail container and cold chain distribution businesses.
GDL's presence at strategic locations and its ongoing expansion plans may make it a key beneficiary of the growing container traffic in India going ahead.
At Rs 88, the stock is trading at 8.9x FY2011E EPS of Rs 9.9 and 5.4x EV/EBIDTA of FY2011E. The stock is trading at attractive valuations on the back of our estimated Earnings CAGR of 15% over FY2009-11E.
COSMO FILMS CMP Rs 95/-
Cosmo Films Ltd. (CFL), a global leader and manufacturer of Bi-axially Oriented Polypropylene Films (BOPP), was established in 1981. The company is promoted by its visionary leader, Mr. Ashok Jaipuria, and is a pioneer of BOPP manufacturing in India. Since inception, CFL has maintained its market leadership in both the domestic and export market. In 2008, it was awarded ‘Top exporter award’ by Dun & Bradstreet under the large Indian exporters' category. By March 2009, its total capacity was 96,000 TPA of BOPP films. The company has also set up a captive power plant of 8 MW to ensure uninterrupted power supply.
CFL’s equity is Rs.19.44 cr. on its huge reserves of around Rs.249.20 cr., which is 12.41 times the equity. The promoters holds 43.65% stake in the company, institutions hold 2.08%, non-corporate promoters hold 7.81% while the investing public hold 28.86%.
CFL has reported very good results for FY09 as net sales zoomed to Rs.667.74 cr. from Rs.585.16 cr. in FY08 while net profit nearly doubled to Rs.87.46 cr. from Rs.44.50 cr. in FY08. After declaring marvellous results, the company has paid 50% dividend. Its share price fell from Rs.113 to Rs.55 in one year and is currently traded at Rs.95 at a P/E ratio of just 3.3.
CFL has informed the BSE regarding a Press Release dated 12 June 2009, titled "Cosmo Films completes acquisition of US based GBC Commercial Print Finishing for US $17.1 million".
At current price, the stock is available dirt cheap. From this level, the stock looks safe for investors. Buy with a stop loss of Rs.86. On the upper side, it will go up to Rs.113-122 level in coming days. This is good stock for dividend yield and the market is looking highly overbought then also this stock is looking safe.
GATEWAY DISTRIPARKS (BUY) BETWEEN 80-90 (SHORT TERM Target1)115 (SHORT TERM Target2) 128 & 145 (Sl) 65
Gateway Distriparks (GDL) is an integrated port-based logistics player with a presence in the rail container and cold chain distribution businesses.
GDL's presence at strategic locations and its ongoing expansion plans may make it a key beneficiary of the growing container traffic in India going ahead.
At Rs 88, the stock is trading at 8.9x FY2011E EPS of Rs 9.9 and 5.4x EV/EBIDTA of FY2011E. The stock is trading at attractive valuations on the back of our estimated Earnings CAGR of 15% over FY2009-11E.
COSMO FILMS CMP Rs 95/-
Cosmo Films Ltd. (CFL), a global leader and manufacturer of Bi-axially Oriented Polypropylene Films (BOPP), was established in 1981. The company is promoted by its visionary leader, Mr. Ashok Jaipuria, and is a pioneer of BOPP manufacturing in India. Since inception, CFL has maintained its market leadership in both the domestic and export market. In 2008, it was awarded ‘Top exporter award’ by Dun & Bradstreet under the large Indian exporters' category. By March 2009, its total capacity was 96,000 TPA of BOPP films. The company has also set up a captive power plant of 8 MW to ensure uninterrupted power supply.
CFL’s equity is Rs.19.44 cr. on its huge reserves of around Rs.249.20 cr., which is 12.41 times the equity. The promoters holds 43.65% stake in the company, institutions hold 2.08%, non-corporate promoters hold 7.81% while the investing public hold 28.86%.
CFL has reported very good results for FY09 as net sales zoomed to Rs.667.74 cr. from Rs.585.16 cr. in FY08 while net profit nearly doubled to Rs.87.46 cr. from Rs.44.50 cr. in FY08. After declaring marvellous results, the company has paid 50% dividend. Its share price fell from Rs.113 to Rs.55 in one year and is currently traded at Rs.95 at a P/E ratio of just 3.3.
CFL has informed the BSE regarding a Press Release dated 12 June 2009, titled "Cosmo Films completes acquisition of US based GBC Commercial Print Finishing for US $17.1 million".
At current price, the stock is available dirt cheap. From this level, the stock looks safe for investors. Buy with a stop loss of Rs.86. On the upper side, it will go up to Rs.113-122 level in coming days. This is good stock for dividend yield and the market is looking highly overbought then also this stock is looking safe.
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