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- 1. Techn Fa TEC CM Price Per Absolute Rel to Ni Sharmila J Sharmila.j +91 09320 Prakash C Prakash.p +91 93133 Bloomb Market Face Va Book V EPS (Rs Dividen 52 week Daily Av Listed A Equity c (Rs Cr) NET SALES EBITDA PAT OPM % NPM % EPS (Rs) no Funda Ca airWeal CHNO FU P: Rs 103 rformance % 1M 3M e 6.4 (1 fty 8.5 (8 Joshi oshi@fairwealt 159211 Chandra Pandey pandey@fairwea 337742 berg Code Cap (Rs bn/USD alue (Rs) Value (Rs) s) nd Yield k H/L (Rs) vg. Vol (mn) At capital (Rs cr) Q3FY11 S 4824.58 1667.72 525.69 34.57 10.90 2.33 all- RCOM lth Equ UNDA CA 3; SL: R M 6M 12M 7.3) (36) (33 .7) (28) (37 th.in y alth.in RCO D bn) 212. 5 244. 11.3 0.80 207. 5.3 NSE 1032 Q3FY10 VAR % 5128.97 -5.9 1789.83 -6.8 1164.06 -54.8 34.90 (33bps 22.70 (1180bps 5.37 -56.6 uity Res ALL – RE Rs 83; M 3.8) 7.6) R t 1 a s OM IN 59/4.67 66 7 % 80/84.50 E/BSE 2.01 % 9MFY11 90 14812.13 80 4958.73 80 1315.23 s) 33.48 s) 8.88 60 6.37 search ELIANCE Target: R INVESTM • The country up the ladde the metros o constraints offer an exc • Reliance Co enabled con optic cable s • Reliance C service supp solely to off cricket matc Valuations (CBD) which with the launc company is exp the current pr FY11E and F target price Rs Reliance Co elecommunica 132 million inc among the top ingle country. E COMM Rs 155; MENT TH y's second bigg er, in an all Ind of Delhi, Mumb on 2G in thes ellent 3G user ommunications nnectivity infra systems in Indi Communication plier and TELi ffer up video u ches for all cric : With the app will lead to sa ch of new 3G xpected to show rice of Rs 103 FY12E EPS of s 155. ommunication ations service cluding over 2 p four Telecom . MUNICAT Upside: HESIS gest mobile ne dia bid for 3G bai and Kolkat se circles. This experience. s owns and ope astructure, com ia, USA, Europ ns, the country ibrahma, a key updates in add cket buffs. pproval of Rs avings of Rs 5 services leadi w healthy numb 3, stock is trad Rs 8.5 and Rs s is India provider. The 2.5 million ind m companies i TION LT 50%; etwork operato spectrum and ta and is the on s advantage pu erates the worl mprising over pe, Middle Eas ry's biggest in y provider of m dition to replay 8700cr loan b 500 crore annu ng to the addi bers for curren ding at 12.1x s 9.4. We thus a's foremost e Company, w dividual overs n the world b TD 22 Horizon: or by subscribe d has won 13 ci nly operator w uts it in a uniq ld's largest nex 277,000 kilom st and the Asia ntegrated tele mobile solution ays from the IC by China Dev ually in intere ition of more s nt and subseque and 10.95x of s recommend t and trul with a custome seas retail cus by number of c 2nd March 2011 6 Months ers, has moved ircles including without capacity que position to xt generation IP meters of fibr Pacific region communication ns, inked a dea CC World Cup elopment Bank est payouts and subscribers th ent quarters. A f our estimated ‘BUY’ with th ly integrated er base of ove stomers, rank customers in a 1 s d g ty o P e n. n al p k d e At d e d r ks a
- 2. Techno RCOM R-COM: I level of Rs pattern sta Every TRU and this C touched th With the c is TRUNC The minim to accumu loss again Our interp strong buy Funda Call‐ M TECHN In our view is s 845 to the lev arted in the mo UNCATED PA C-wave has to he level of Rs 8 completion the CATED the up m mum target pri ulate strategica n we will be ab pretation will o y in the stock w ‐ RCOM NICAL OU making a “TR vel of Rs 131.3 onth of June 20 ATTERN has th be lower than 84.25 on dated C-Wave, it me move is always ce of the stock ally for the min le to get our co only get wrong with the Stop L UTLOOK RUNCATED ZI 35 on 13th Mar 009 with the pr hree parts that n end price of 1st March 201 eans the consol s very fast like k is Rs 690-707 nimum investm ost price in the g if the stock w oss below Rs 8 IG-ZAG” a rar rch 2009 which rice of Rs 359. t is A-B-C. Now f A-wave that i 1. lidation phase a spike. 7 within 30-36 ment of 3 years e pull back rally will close below 83 for the targe rest pattern eve h is called the 1 w the stock is i is Rs 131.35 a is over. It is ve months whethe with the STOP ly. w Rs 85 on the et of Rs 155 fo er seen. The co 1st part of the T in the C-wave and in our opin ery interesting er we buy at C P LOSS OF BE weekly basis b or 6 months and orrection start TRUNCATED which is usual nion the C-wa g that after the CMP or on decl ELOW Rs 84. If but the chance d long term tar ted from 11th Ja PATTERN. Th lly called a con ave is complete completion of line till Rs 85- If our price goe are minimal. rget of Rs 232. Jan 2008 from t he 2nd part of th nsolidated peri ed with the pr f correction wh 90. So it is bet es below the st We recommend 50. the hat iod rice ich tter top d a
- 3. Techno BUY ACCUM REDUCE SELL NOT RA Name Sharmila Prakash P Preeti Gu Varun Kh Suvarna B Tanisha J Shakti Ra Ankit Ma Jitender Nidhi Pah K.K. Mad Hunny Ta Pervez Da Name Lokeshh G Archana B Rajan Bh Funda Call‐ MULATE E ATED Joshi Pandey upta hanna Binjola Jolly ajpal anuja hwa daan arika anish Gowda Bhui atia ‐ RCOM The The The The The Des Head AVP Sr. R Rese Rese Rese Rese Rese Rese Rese Head Sr. T Sr. T stock's total retu stock's total retu stock's total retu stock's total retu Analyst has no r ignation d-Equity P- Research & P Research Analys earch Analyst earch Analyst earch Analyst earch Analyst earch Analyst earch Associate earch Associate d-Technical Technical Analy Technical Analy Designation Senior Manager Trader Dealer Stoc urn is expected to urn is expected to urn is expected to urn is expected to recommendation Fundament PMS st Technical st st Instit r ck Ratings o exceed 15% ov o be within 10-1 o be within 0-10 o give negative r n on the stock un tal Research T Ema sharm prak preet varu suva tanis shak ankit jiten nidh l Research Te kam hunn perv tutional Desk ver the next 12 m 15% over the nex 0% over the next returns over the nder review Team ail ID mila.joshi@fairw kash.pandey@fai ti.gupta@fairwe un.khanna@fairw arna.binjola@fai sha.jolly@fairwe kti.rajpal@fairwe t.manuja@fairw nder@fairwealth hi.pahwa@fairwe eam al.madan@fairw ny.tarika@fairw vez.danish@fairw Email ID lokeshh.g@fa archana.bhui rajan.bhatia@ months xt 12 months t 12 months next 12 months wealth.in irwealth.in ealth.in wealth.in rwealth.in ealth.in ealth.in wealth.in .in ealth.in wealth.in ealth.in wealth.in fairwealth.in @fairwealth.in @faairwealth.in
- 4. Techno Disclaimer This public information Fairwealth decision tak available t publishing positions in FAI H.O Pho Web FAI Uni Sam 400 Ph: Delh Tow 3221 4011 Bang besi H.J.H 4030 Funda Call‐ r: cation has been s n contained ther Securities Ltd d ken based on the to investors whe any individual n n securities refer IRWEALTH O.: Plot No. 6 one: 0124-30 bsite: www.F IRWEALTH t No,12,2ndF machar Marg 001, 022-307200 hi: UG‐3, Som wer, First Floor 18508 Kol 19500‐02‐03 glore, Karnat des Lal Bung House, Opp IG 04461, 62636 ‐ RCOM solely prepared rein has been ob does not bear any e same. Further F en they are reg names with its r rred herein and m H SECURIT 651-652, Ud 024400, Fax Fairwealth.in H INSTITUT Floor, Sonaw g, Opp BSE, 056-68, Fax: mdutt Chambe r, New No: 52 lkatta: No.1& Bangalore taka – 56001 low , Green L GP Petrol Pum 6465. for the informat btained from sou y responsibility Fairwealth Rese gistered clients o reports. As per S may make purch TIES LTD. dyog Vihar, P : 0124-3024 n . Email: in TIONAL DE wala, Apollo Fort Mumb : 022 30722 ers II, Bhikaji 22, Old No: 7 &2, 3rd Floor, e : Shop No – 11, Ph‐080‐41 Lands, Road A mp, near Ram ion purpose and urces believed re for authenticatio earch report only of Fairwealth In SEBI requiremen hases or sale whi Phase-5, Gu 4474 nfo@fairwea ESK o Building, M ai- Maharas 787 Cama Place, 06, P H Road, , Tobacco Jou – 54, 1st floo 1172604/605 Ameerpet, Hy mbagh Police S d does not consti eliable investors on of the informa y provides inform nvestment advis nts it is stated th le this report is i urgaon 1220 alth.in Mumbai shtra - , New Delhi‐1 d, Aminjikarai, use, Old Cour or, 12th Main 5 Hyderab yderabad – 5 Station, Man itute a solicitatio are advised to s ation contained i mation updates a sory services. A hat, Fairwealth s in circulation. 01 (Haryana 110066 , Ph : , Chennai‐600 rt House Stre n Road, 27Th ad : Shop No 500016, Ph‐04 ni Nagar, Ahm on to any person satisfy themselv in the reports an and analysis. All As a matter of securities Ltd, an a) 011‐4609111 0029. Ph‐044 eet, Kolkatta, Cross Road, o.8, Ground 40‐40037218 medabad, Guj to buy or sell a ves before makin nd consequently opinions for buy practice, Fairwe nd/or individual 18 Chenn ‐42698796, 4 WB‐700001. 04th Block Ja Floor, Meridi 8. Ahmeda arat‐380009. security. While ng any investme is not liable for ying and selling ealth refrains fr ls thereof may h nai: Rahab 42698834, . Ph‐ 033‐ ayanagar, ian Plaza, abad: 108, Ph ‐ 079‐ the ents. any are rom have