29 November 2011

Buy Siemens - Happy and hungry for growth; Edelweiss

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Siemens (SIEM IN, INR 706, Buy)

We interacted recently with the Siemens India top brass. Excerpts:

Top management indicated its sustained focus to increase India's share in Siemens AG revenue pie by leveraging the domestic growth story and its position as a low cost hub. Short cycle businesses continue to grow while it is mega ticket projects that hold sway over both order inflow and profitability. Strong Balance Sheet and cash flow focus helps keep expansion plans intact. We remain positive on Siemens and reiterate our BUY with a target price of INR 849.

India remains key market for vibrant prospects, low cost mfg base
India remains a focus market for Siemens AG- the parent company of Siemens India for its dynamic domestic market and low cost manufacturing base. Contribution of India to the overall revenue has been steadily rising and would be sustained going ahead.

SMARTGRID products sales targeted at 1bn euros by 2020E
Siemens has taken the initiative to launch 60 new products over the long run in India as part of its global sourcing strategy - of which it has already launched ten products. The company, under this strategy, is starting two Greenfield locations at Goa for Medium Voltage (RMUs) products and Relay units by Jan, 2012E. As we see, this business, currently at INR12bn, is expected to touch over INR70bn by FY20E.

Outlook and valuations: Top pick, maintain ‘BUY’
A sustained focus by the German parent on Siemens India product portfolio over many years has made it the largest diversified industrial product company in the country. Our exchange with the top management further brightens our confidence in the long term growth prospects of Siemens India. While FY11 profitability was impacted by mega projects and cost overruns, we believe this could reverse going ahead given its focused product development. We maintain our ‘BUY/Sector Outperformer’ reco/rating on SIEM with our TP of INR 849.


29/11/11; BSE, Bulk deals,

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Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
29/11/2011533412Aanjaneya LifecareDOME - BELL ELECTRONICS INDIA PVT LTDB80000460.00
29/11/2011533412Aanjaneya LifecareJHELUM HOLDING PRIVATE LIMITEDS80000460.00
29/11/2011532674Bannari Amman SpgTRUPTI PETROLEUMS PRIVATE LIMITEDB22232048.61
29/11/2011511664BGIL FilmsCNB FINWIZ LIMITEDS325046.02
29/11/2011533469Birla Pacific MedspaLINUS HOLDINGS LIMITEDB70000011.00
29/11/2011533469Birla Pacific MedspaDIVYADRISHTI TRADERS P LTDS74204611.00
29/11/2011500069BNK Cap MarketsPATREX VYAPAAR PRIVATE LIMITEDB26010023.01
29/11/2011500069BNK Cap MarketsPRIMESTAR EXIM PRIVATE LTD.S25925023.01
29/11/2011531261Concurrent IndiaMANJUSHA GANESH NIBHEB15000003.70
29/11/2011531261Concurrent IndiaRUDH EQUITIES AND INVESTMENT ADVISORS PVT LTDS2500003.70
29/11/2011531261Concurrent IndiaRUDH EQUITIES AND INVESTMENT ADVISORS PVT LTDS12500003.70
29/11/2011531261Concurrent IndiaFIRSTCALL INDIA EQUITY ADVISORS PRIVATE LIMITEDS4826673.63
29/11/2011526971Dhoot Indl FinRAJ KUMAR LOHIA (HUF)B399609.45
29/11/2011526971Dhoot Indl FinDHEERAJ KUMAR LOHIAS400009.45
29/11/2011500160GTLCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB51796042.81
29/11/2011500160GTLCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS51807142.88
29/11/2011532894Indowind EnerSUBUTHI INVESTMENTS PRIVATE LIMITEDB5674347.83
29/11/2011532894Indowind EnerICICI BANK LIMITEDS5674347.83
29/11/2011514312Jaihind SynNIRAV HARSHAD SHETHB500008.69
29/11/2011530165Kanchan IntlMAVERICK INVESTMENT SOLUTIONS PVT LTDB2450061.96
29/11/2011530165Kanchan IntlMAHAN TRADING PRIVATE LIMITEDB3800062.40
29/11/2011530165Kanchan IntlHITESH ASOO NIHALANIS2450062.00
29/11/2011530165Kanchan IntlALPABEAN DILIPGIRI GOSHWAMIS3800062.40
29/11/2011530547KEN Fin ServRAKESH MANEKLAL JAINS1960083.74
29/11/2011533644MB SWITCHSHAH MALVIKAB10003493.99
29/11/2011533644MB SWITCHDECENT FINANCIAL SERVICES PVT LTDB10000090.50
29/11/2011533644MB SWITCHSHAH MALVIKAS10003490.50
29/11/2011531083Nihar InfoARIHANT KLOCKER MARKETING PVT LTDS374001.84
29/11/2011511702Parsharti InvPOOJA PUKHRAJ BANSALB200009.00
29/11/2011511734Pasupati FinVIPUL MOHANLAL JOSHIB2500019.40
29/11/2011532923Renaissance JewSHROFFB10121179.80
29/11/2011532923Renaissance JewSOUTH YARRA HOLDINGSS10121179.80
29/11/2011531447ROCKON FINASCRON CONSULTANT PRIVATE LIMITEDB12000005.84
29/11/2011532836SANCIA GLOBGVRS SECURITIES PRIVATE LIMITEDS2000009.26
29/11/2011531886SCOPE INDK V RAMANA REDDYB4700024.77
29/11/2011506874Shreejal InfoNANJIBHAI SURANIB227790.23
29/11/2011506874Shreejal InfoGHANSHYAM KHUBCHANDANIS228790.23
29/11/2011526133Supertex IndsSUPER INFINCON PVT LTDS826163.89
29/11/2011533629Tijaria PolypipesSANTOSH BHANSALI HUFB13232212.85
29/11/2011533629Tijaria PolypipesSANKET P JAINS13232212.85
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

NSE, Bulk deals, 29-Nov-2011

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DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
29-Nov-2011AANJANEYAAanjaneya Lifecare LtdDOMEBELL ELECTRONICS INDIA PVT.LTDBUY1,00,000461.90-
29-Nov-2011AANJANEYAAanjaneya Lifecare LtdJHELUM HOLDING PRIVATE LIMITEDSELL1,00,000461.90-
29-Nov-2011GTLGTL LimitedAMPLE HOTELS AND RESORTS PRIVATE LIMITEDBUY5,15,23442.91-
29-Nov-2011GTLGTL LimitedAMPLE HOTELS AND RESORTS PRIVATE LIMITEDSELL5,15,23442.96-
29-Nov-2011GTLGTL LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.BUY5,17,99742.86-
29-Nov-2011GTLGTL LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.SELL5,17,88642.85-
29-Nov-2011HGSLHinduja Global Sols LtdAASIA CORPORATIONBUY3,00,000327.00-
29-Nov-2011HGSLHinduja Global Sols LtdHINDUJA ESTATE DEVELOPERSSELL3,00,000327.00-
29-Nov-2011HOTELRUGBYHotel Rugby Ltd.CELEBRITY CONSULTANTS PRIVATE LIMITEDBUY1,24,9906.00-
29-Nov-2011HOTELRUGBYHotel Rugby Ltd.DARSHANA MAHENDRA THACKERSELL1,25,0006.00-
29-Nov-2011RSYSTEMSR Systems International LBHAVOOK TRIPATHIBUY2,05,210121.95-
29-Nov-2011RSYSTEMSR Systems International LPAREKH INTEGRATED SERVICES PVT. LTD.SELL1,64,183122.01-
29-Nov-2011SIMBHSUGARSimbhaoli Sugars LimitedRAPID CREDIT AND HOLDINGS PRIVATE LIMITEDSELL1,39,50027.37-

29/11/11: Categories Turnover (Rs. crore) Clients NRI Proprietary Trade Data

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Categories Turnover
(Rs. crore)
ClientsNRIProprietary
Trade DateBuySalesNetBuySalesNetBuySalesNet
29/11/111,304.621,284.3320.290.570.360.21418.42448.71-30.29
28/11/111,164.451,213.17-48.720.460.54-0.08395.19362.6132.59
25/11/111,421.431,421.310.120.850.330.52448.33482.56-34.23
Nov , 1128,212.1927,945.06267.1314.6610.284.388,499.128,631.16-132.04
Since 1/1/11441,430.44445,893.95-4,463.51311.31215.9595.36128,799.75128,095.70704.05

NSE trading Holiday List 2012

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Trading Members are hereby informed that the Exchange shall observe the following Trading Holidays during the Calendar Year January to December, 2012.


Sr .No
Holiday
Date
Day
1
Republic Day
26-Jan-12
Thursday
2
Mahashivratri
20-Feb-12
Monday
3
Holi
8-Mar-12
Thursday
4
Mahavir Jayanti
5-Apr-12
Thursday
5
Good Friday
6-Apr-12
Friday
6
Maharashtra Day
1-May-12
Tuesday
7
Independence Day
15-Aug-12
Wednesday
8
Ramzan Id
20-Aug-12
Monday
9
Ganesh Chaturthi
19-Sep-12
Wednesday
10
Mahatma Gandhi Jayanti
2-Oct-12
Tuesday
11
Dussera – Vijaya Dashmi
24-Oct-12
Wednesday
12
Bakri Id
26-Oct-12
Friday
13
Diwali Amavasya (Laxmi Pujan)*
13-Nov-12
Tuesday
14
Diwali Balipratipada
14-Nov-12
Wednesday
15
Gurunanak Jayanti
28-Nov-12
Wednesday
16
Christmas
25-Dec-12
Tuesday


* Muhurat Trading shall be held on Tuesday, November 13, 2012 (Diwali Amavasya – Laxmi Pujan)