Hot Chips - Stock Recommendations For Your Portfolio
5/3/2012 9:00 PM Thursday
DSIJ selects 2 aggressive stocks picks in every issue, with a 7-15 day horizon based upon the bullish trend during that period. For this issue, we are recommending companies from the IT and FMCG sectors.
KPIT CUMMINS INFOSYSTEMS | BSE Code: 532400 | Volume: 1849000 | CMP: Rs 102
KPIT Cummins Infosystems (KPIT) has beaten its guidance for FY12 and has further improved upon what it expects in FY13. Accordingly, the management sees a revenue growth of 2.5x more than the NASSCOM estimates. The company expects 32-35 per cent YoY growth in USD terms to touch USD 408-418 million, whereas its guidance for PAT points to a 15-20 per cent YoY growth in INR terms for the current fiscal FY13. This expectation is based on the assumption of the INR/USD rate being at 50. The guidance also factors in other issues like the visa wage hike expected to kick in during Q1FY13. The revenues from the inorganic route are expected to be around USD 40 million in FY13. Revolo, the hybrid car kit, has initiated 200 vehicle conversion projects in April 2012 for trial upto six months. The interest of OEMs in this product too has been high after the Auto Expo earlier this year. Discussions with government on this front are progressing as per the plans. One can look at the scrip with a medium-term perspective.
|Last Seven Days Volume Table (No. of Shares)|
|Days ||Volume |
|24-Apr-12 ||42484 |
|25-Apr-12 ||37818 |
|26-Apr-12 ||31115 |
|27-Apr-12 ||67941 |
|28-Apr-12 ||4530 |
|30-Apr-12 ||19226 |
|02-May-12 ||1849000 |
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