-------- Forwarded Message --------
Subject: M&M : Dilemma Of Reality In Infra Cess/EV Concern And Hopes Of
Rural Economy/Agri Push
Date: Wed, 2 Mar 2016 09:11:24 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
M&M will gain more strength only sustaining above 1285-1335 for targets
of 1382-1445
Otherwise, may be turned weak and will again fall towards 1210-1090
Near term impact of infra cess and EV concern may outweigh
Hopes of future (long term) benefit in rural/agri push.
(There may be big concerns regarding good/even
distribution of monsoon this year too !!)
Actual TTM EPS (Standalone) of M&M is at 52.99
And its quoting at an average PE of 25,
whereas 20 may be a more reasonable PE for the auto sector
under the increasing regulatory and tax concern
(sales may be affected despite 7-PC & rate cut hope)
*Trading Idea:*
CMP: 1268
Sell either below 1285 or in rise around: 1315-1335;
TGT: 1240-1210*-1150-1090* (1-3M)
TSL> 1360-1385
Note: Consecutive closing (3 days) above 1385 for any reason, M&M can
further rally up to 1405-1445*-1480 zone in the short to mid term
(alternative bullish case scenario).
*As par BG metrics & current market scenario:*
(based on actual standalone TTM & projected FWD EPS)
Current median valuation of M&M may be around: 1150 (FY:15/TTM)
Projected fair valuations might be around: 1185-1250-1325 (FY:16-18/FWD)
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
M&M 52.99 310.09 20 1145.95 1139.08 1142.52
1239.11 1224.3
M&M 56.95 353.5 20 1188.00 1180.88 1184.44
1239.11 1224.3
M&M 63.5 403.25 20 1254.46 1246.94 1250.70
1239.11 1224.3
M&M 70.85 459.55 20 1325.07 1317.13 1321.10
1239.11 1224.3
*Analytical Charts:*
<https://1.bp.blogspot.com/-JWmGoSYR6WA/VtZfGNT8kII/AAAAAAAAGUU/rjKfqQEL0zI/s1600/M%2526M-01-03-2016.png>
<https://2.bp.blogspot.com/-Pg3CgOCJf6M/VtZfHzLUnlI/AAAAAAAAGUY/XOLmV285ABg/s1600/M%2526M-FIBB-01-03-2016.png>
<https://1.bp.blogspot.com/-3K7TEq5U0M0/VtZfKQ3UeJI/AAAAAAAAGUc/p8VfQBtwtiI/s1600/M%2526M-WK-01-03-2016.png>
<https://4.bp.blogspot.com/-qlHBbkRO9C4/VtZfMNa-tDI/AAAAAAAAGUg/eygECUNkauc/s1600/M%2526M-TL-01-03-2016.png>
<https://2.bp.blogspot.com/-i8Jpo0JNAWs/VtZfPyobmhI/AAAAAAAAGUk/n46rr_Mwcwc/s1600/M%2526M-TL-MT-01-03-2016.png>
<https://4.bp.blogspot.com/-RDVrDS02dN8/VtZfRqYaX7I/AAAAAAAAGUo/Vcf1fR5MlrQ/s1600/M%2526M-PATTERN-01-03-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
--
Kindly email stock reports at
STOCKRESEARCHER@googlegroups.com
For sharing knowledge
-- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE.
http://www.niftyviews.com/
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The administrator of
www.Niftyviews.com just provide a platform for the authors to express their opinion
and take no guarantee for the genuineness of the same."ANY member of this forum
doesnt prepare or publish any research report; or ii. provide research report; or
iii. make 'buy/sell/hold' recommendation; or iv. give price target;
---
You received this message because you are subscribed to the Google Groups "Niftyviews.com" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to stockresearcher+unsubscr...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
