Gudi Padwa Special: Accelya

Accelya Kale

Buy this wealth creator on Gudhi Padwa today at 758-760 levels with a small risk stop loss of 724 for a near term target of 1050 to 1200 once it closes above 825-835 levels for two days.

Accelya voted as 'IT Company of the Year' for 2014

Its in business of providing IT-solutions to Airways sector. The current market capitalization stands at Rs 1,128.43 crore.The company has reported a consolidated sales of Rs 73.31 crore and a Net Profit of Rs 20.3 crore for the quarter ended Dec 2013. Yearly revenue is around Rs.285-290 crore and Net profit at Rs.80 crore, a margin of 28%!!

Promoters stake is at 74.66% while FII have less than 0.5% stake. This means risk of falling when Nifty goes deep in red is minmal. Also, as promoters hold a high stake, just 1% more rise in stake and it becomes a delisting candidate. So to continue the current position, promoters need to sell their stake which should be 25% to 30% in premium to current market price of 760, which comes around Rs.950 per share.

Short term call: Glenmark

Glenmark Pharma : Largest pharma in terms of revenues

The share of Glenmark pharma can prove to be a wealth creator at this point of time. The stocks looks ready to find a bottom in coming 1st week of April. Around 540-45 is a strong support which can give the stock a bounce to 590 levels.
Above this, we can see 630-680 levels coming in period of 6months.

So go ahead and Buy with a sound stoploss of 540 on closing basis for a target of 590 in 2-3 weeks.

Medium term call: MCX

MCX INDIA

The charts of MCX shows a good consolidation with 500 as a mean level. Currently its trading around 487-490. This is a good level to buy this highest profitable exchange.

MCX has 87% market share in the Indian commodity derivatives market.
Also, the story of stake sale of MCX through FT is due in April month. CME Inc (its a big shark) and BSE of India are two of the ten interested buyers of MCX stake.
This should give MCX rich valuation of 4000Cr to 5000Cr which translates to 800 to 1000 per share of valuation. A 22 to 27 of EPS is appropriate valuation.


550 is the breakout point, above which it will try to test 625-50 levels and so on..
One weekly close above 500 should mean that the stock is ripe to move up.

  The stock has shown descending triangle pattern which is bearish, so caution is advised in opening up new position.
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1 year charts speaks about a profitable opportunity ahead:

A strong break out above 500-550 should take it to 1100+ levels!! a multi-bagger in making guys.. the risk is too low and rewards too good to be true to act upon!