The document is a market commentary and newsletter from Valuehunt dated January 9, 2013. It provides an analysis of Aarti Drugs as an undervalued stock, discusses the company's business operations and potential 57% upside. It also lists CP-Artha Model Portfolio holdings and two special situation stocks - Ganesha Ecosphere trading at a 52-week low and Educomp Solutions announcing the sale of its Eurokids stake. Global indices movements and sectoral index prices are included along with commodity prices, bulk deals, insider trading and upcoming corporate actions.

1. V Valuehunt
Morning Notes – 09 January 2013
Market Commentary
Good Morning!!
Aarti Drugs Limited – undervalued stock with target price of Rs 355 against the current market price of Rs 226
Business - Company is involved in manufacturing of drugs in anti-inflammatory, anti-biotic vitamins, and anti-diabetic, Anti-histamine, Antibiotics, Anti-Anginal,
Antitussive, Anticonvulsant, Anti-diabetics, Anti-depressant, Anti-fungal, Anti-hypertensive and Antipsychotic
Valuation Catalyst - In the last three quarters, promoters of Aarti Drugs Ltd had increased their stake from 55.57% to 56.48%. Also this insider buying is still continuing
in the recent trading days. With this hint, we picked this stock for further analysis.
Potential Upside - According to our analysis, this company has the potential to grow strong in the coming days. As per our MEGR (Market Expected Growth Rate of
Earnings) model, the stock has the potential upside of 57% from the current market price.
CP-Artha Model Portfolio
Our holdings:
1. Gujarat State Fertilizers & Chemicals Ltd
2. FDC Ltd
3. Menon Bearings Ltd
4. Jindal Poly Films Ltd
5. Parrys Sugar Industries Ltd
6. Kilitch Drugs India Ltd
7. Fairfield Atlas Ltd
8. Liberty Phosphate Ltd
9. Rossell India Ltd
10. Aarti Drugs
Contact Us:
E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080

2. V Valuehunt
Morning Notes – 09 January 2013
Global Indices Nifty Movement FII & DII Turnover Currency
Close Change 6,100 6,001
Points Buy Sell Change (%)
Price (%) 0.22%
FII (Rs.mn) 31,771 22,897 INR - USD 55.36 0.6
Nifty 6,002 13.3 0.2
Nifty
5,900 Change (%) 1% 6% INR - EUR 72.64 1.3
Sensex 19,742 51.1 0.3
DII (Rs.mn) 7,354 17,635 INR - GBP 89.19 1.1
Nikkei 10,463 (126.3) (1.2)
Change (%) (21%) (4%) JPY – USD 87.48 (0.6)
Straight Time 3,206 (12.7) (0.4)
5,700
Hang Seng 23,111 (218.6) (0.9) **FII – Foreign Institutional Investor
1-Jan-13 8-Jan-13
**DII – Domestic Institutional Investor
Shanghai 2,276 (9.3) (0.4)
FTSE 100 6,053 (10.9) (0.2)
CAC 40 3,706 1.2 0.1 Special Situation Stocks
DAX 7,695 (36.8) (0.5)
DJIA 13,328 (55.4) (0.4)
S&P 500 1,457 (4.7) (0.3)
Company Special Situation Comments
NASDAQ 3,092 (7.0) (0.2)
Sectoral Indices This is an undervalued packaging business trading at
Ganesha Ecosphere Ltd 52 week low 3.5x PE - may be interesting for long term
Close Price Change (%)
Realty 2,203 1.2
investment
Oil & Gas 8,851 (0.3)
Metal 11,286 (1.0)
Bankex 14,623 0.1
Capital Goods 10,855 (0.7)
Power 2,038 0.6 Educomp Solutions Ltd has informed that the
IT 5,782 (0.5)
Auto 11,645 0.1
Company has executed definitive agreements to sell
FMCG 5,885 1.1 Educomp Solutions Ltd Divestiture its entire 50% shareholding in Eurokids International
HeathCare 8,300 0.7 Limited to a group of financial investors led by GPE
India, a leading investor in education.
Contact Us:
Contact Us:
E-Mail ::dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080
E-Mail dhananjayan@artha-cap.com | Mobile : +91 96294 74080

3. V Valuehunt
Morning Notes – 09 January 2013
Nifty Gainers Headline News
Economic Times Business Standard
Close Change (%)
Company
Price  India remains attractive investment destination:  Tougher biz environment challenge for Mistry: Tata
Reliance Infra. 567.10 2.93 Deloitte
ITC 285.70 2.38  Govt not worried about downgrade, will contain deficit:
HDFC 840.30 2.11  CoalMin announces stricter provisions for mine FinMin
Power Grid Corpn 116.45 1.79 closure
 Fitch reiterates caution on India
BHEL 243.90 1.71
 S Africa approves six Marck Bio pharma products
 Bhushan Steel to raise Rs 475 cr through rights issue
 L&T may rope in equity partner for Hyderabad Metro
 Real estate launches drop 30% in 2012: Knight Frank
Nifty Losers  Wockhardt to market anti-epilepsy tablets
 LinkedIn appoints Nishant K Rao as country manger
 Lazarus Hospitals raises money from 4Sight Capital
Close  PVR soars on acquiring controlling stake in Cinemax
Company Change (%)
Price  India Ratings projects stable outlook for auto sector
IDFC 180.40 (1.90)
 Markets end higher, Nifty regains 6,000
 Credit deposit ratio highest in last 10 years for the
Tata Steel 433.35 (1.71)  RIL applies for de-notifying 40% of its Gujarat SEZ
Wipro 398.15 (1.68) December 14 fortnight
Money Control
Sesa Goa 199.70 (1.46)
Business Line
Larsen & Toubro 1,566.90 (1.34)
 Marico may look at private equity investments for  Oil under-recoveries may rise to Rs 1.3L cr in FY14: Kotak
Kaya  Expect rupee to be rangebound till Budget: Bank of America
Commodity  Parker Hannifin India sets up Rs 100-cr factory near  CoalMin announces stricter provisions for mine closure
Chennai
 Sebi to mull options to change margin requirement in OFS
Rs. Change (%)  Indus Health joins hands with Apollo Hospital
Crude (Rs/Bbl) 5,121 (0.5) Hyderabad  Havell trademark transfer needs to be done sooner: IIAS
Gold (Rs/10 grms) 30,969 0.3  Housing sales fall by 16% in 2012; new launches drop by
 SAIL production up 2% in April-Dec
Silver (Rs/Kg) 58,442 0.8
30%
Copper (Rs/Kg) 449 (0.5)  NMDC iron ore price cut, but no respite for end-users
 Sebi may sue Sahara for non-compliance of SC's order
Note: MCX near month Futures Price
Note : Click on article to read the respective news
Contact Us:
E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080

4. V Valuehunt
Morning Notes – 09 January 2013
Insider Trading Bulk Deal (BSE/NSE)
Shares Trans. Holdin Buy
Transaction Buy Company Client Name Quantity %
Company Buyer / Seller g after /Sale
Date /Sale Quantity %
Trans.
MORGAN STANLEY ASIA
EPC Industrie B 500,000 128
(SINGAPORE) PTE
Atlanta Ltd Rajhoo Bbarot 11/12/2012 B 313,600 15.8
CREDIT RENAISSANCE
EPC Industrie S 4,781,667 128
FUND LIMITED
Refex 10/12/2012
Refrigerants T Anil Jain - B 272,810
Ltd 18/12/2012
EPC Industrie Reliance net limited B 1,489,700 128
Reliance AAA Projects ** Weighted Average
19/12/2012 S 81,557,437 19.2
Power Ltd Ventures Pvt Ltd
Corporate Action
Taksheel Park Habitats Pvt Company Ex-Date Purpose Rs.
14/12/2012 S 948,202 4.3
Solutions Ltd Ltd
Global Capital 10-Jan-13 Consolidation of Shares -
Taksheel Park Habitats Pvt
17/12/2012 S 692,126 3.2 2.79
Solutions Ltd Ltd
Siemens 16-Jan-13 Dividend 6
Taksheel Park Habitats Pvt
18/12/2012 S 609,672 2.8
Solutions Ltd Ltd Mphasis 17-Jan-13 Final Dividend 17
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Reports prepared by CP-Artha Financial Advisory Private Ltd contain selected information and do not purport to be complete. The reports based on publicly available
information and data ("the Information") believed to be accurate and complete. Possible errors or incompleteness of the Information do not constitute grounds for liability,
neither with regard to indirect nor to direct or consequential damages. CP-Artha Financial Advisory Private Ltd, their shareholders and employees are not liable for the
accuracy and completeness of the statements, estimations and the conclusions derived from the Information contained in these documents.