-------- Forwarded Message --------
Subject: ACC: Avg PE Now Ard 40 Against 20 Of Nifty--Is Such Higher
Valuations Justifiable For Cement Cos ?
Date: Tue, 23 Feb 2016 09:06:07 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*ACC has to sustain above 1315-1340 zone for any rally towards 1400-1500;*
*Otherwise, it may fall towards 1200-1180 in the near term. *
Any increase in railway goods freight and disappointment in expected
higher capex
in the budget may be negative for the cement cos including ACC
In the current market scenario, 25 may be more reasonable PE for cement cos
instead of 40
TTM EPS of ACC : 31.22
*Trading idea:*
CMP: 1281
Either sell below 1290 or on rise around 1315-1330;
TGT1: 1250-1200-1180*-1140 (1-3M)
TGT2: 1080-1025*-945-911 & 885-850*-810 (12-24M)
TSL> 1345
Note: Consecutive (3 days) closing above 1345 zone, ACC may further
rally towards 1380-1400 & 1430-1530 area in the short to long term
(alternative bullish case scenario from the present trading level).
To be cont for more analytical inputs----
As par BG metrics & current market scenario:
(based on actual TTM & projected FWD EPS)
Current median valuation of ACC may be around: 1010 (FY:15/TTM)
Projected fair valuations might be around: 930-980-1030 (FY:16-18/FWD)
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
ACC 31.22 437.23 25 1029.98 989.83 1009.90 1359.21
1255.29
ACC 26.5 461.3 25 948.93 911.94 930.44 1359.21 1255.29
ACC 29.25 486.85 25 996.96 958.09 977.52 1359.21 1255.29
ACC 32.25 513.55 25 1046.83 1006.02 1026.43
1359.21 1255.29
*Analytical Charts:*
<https://1.bp.blogspot.com/-hWFO51eVGzM/VsvRkezeAdI/AAAAAAAAGOg/Lmc2-DINTdw/s1600/ACC-22-02-2016.png>
<https://4.bp.blogspot.com/-smOVxB_VQ-s/VsvRmgx7mtI/AAAAAAAAGOk/ZXLu1QGIFjY/s1600/ACC-FIBB-19-02-2016.png>
<https://4.bp.blogspot.com/-pAvSaf8dmdA/VsvRn9uuXpI/AAAAAAAAGOo/W5F_p-9pgac/s1600/ACC-WK-19-02-2016.png>
<https://2.bp.blogspot.com/-ulw9IeNz1cE/VsvRpcv1yLI/AAAAAAAAGOs/dUaTNF61fAA/s1600/ACC-TL-19-02-2016.png>
<https://3.bp.blogspot.com/-JbmCHiYchmM/VsvRrQY9ZGI/AAAAAAAAGOw/Zo0vhcaXFtc/s1600/ACC-PATTERN-19-02-2016.png>
<https://2.bp.blogspot.com/-kbRhHr-zMGk/VsvRtrrZCNI/AAAAAAAAGO0/YV5Jg9EjUoY/s1600/ACC-TL-LT-19-02-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
--
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