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Showing posts with label Areva. Show all posts
Showing posts with label Areva. Show all posts
Sunday, December 04, 2011
Monday, March 14, 2011
Saturday, March 05, 2011
Wednesday, July 28, 2010
Friday, April 16, 2010
Areva T&D India
Investors with short-term trading perspective can consider selling Areva T&D India. The stock has been trundling downward since the peak of Rs 385 recorded in June 2009. This decline is however received medium-term support around Rs 255. The rebound from this level from February 24 was arrested at the key short-term resistance at Rs 320 and the stock is currently in a down-trend over the last couple of weeks. Moving average convergence divergence oscillator in the daily chart is signalling a sell for the first time since March 3 signalling a short-term reversal in the stock. The 10-day rate of change oscillator has also declined in to the bearish zone implying that the stock could move lower in the days ahead.
The medium-term trend in the stock is sideways but strong reversal from the resistance zone around Rs 320 can pull the stock lower towards its February lows. Short-term investors can therefore sell the stock with the stop at Rs 306. Downward targets for the stock are Rs 298 and Rs 294.
via BL
Sunday, November 08, 2009
Tuesday, July 28, 2009
Saturday, July 04, 2009
Areva T&D put on sale by French parent
Shares of Areva T&D India gained as much as 11% on July 1 after its French parent Areva said that it has put the Transmission and Distribution (T&D) division up for sale globally, including the Indian arm. Currently Areva holds ~72% stake in Areva T&D India. The Indian arm of Areva had net profit of Rs2.26bn on net sales of Rs26.55bn. Areva T&D India shares closed at Rs363.30 after touching an intra-day high of Rs373.90 and a low of Rs327. It is up ~11% in a week's time. "Whatever the outcome of this process, Areva T&D India's focus remains unchanged: ensuring the satisfaction of its stakeholders and delivering on its commitments. We will keep you informed about the developments," the Indian arm of Areva T&D said in a statement. Areva group's Supervisory Board finalized the steps to be taken to finance the group’s long-term development plan. The Board has asked the Executive Board to put the group’s T&D division up for sale. Siemens AG, and ABB are reportedly among the interested entities to acquire Areva's T&D business. Areva T&D has €5bn revenues, 31,000 employees, 72 facilities around the world, and is a world leader in its markets.
Friday, November 14, 2008
Thursday, November 06, 2008
Areva T&D - SELL
We recommend a sell in Areva T&D India from a short-term trading perspective. It is apparent from the charts of Areva T&D India that it has been on a medium-term downtrend from its September high of Rs 366. The stock commenced its downtrend from a significant resistance level of Rs 360, forming lower troughs and peaks. However, the stock recently found support at around Rs 142 level (a 52-week low) and witnessed a corrective upmove till Rs 200. This upmove retraced 23.6 per cent fibonacci retracement of its prior down leg and encountered twin resistance (key resistance level at Rs 200 and the down trendline). Subsequently, the stock resumed its medium-term downtrend by tumbling 9 per cent accompanied by above average volume on November 5. The daily relative strength index (RSI) has re-entered the bearish zone from the neutral region and the weekly RSI is featuring in this zone. Our short-term forecast for the stock is bearish. We expect the stock’s fall to prolong further until it hits our price target of Rs 158 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 185.
via BL
Friday, October 31, 2008
Monday, July 07, 2008
Areva T&D
We recommend a buy in Areva T&D India from a short-term perspective. From the charts of Areva T&D, we see that it had been on a downtrend from its 52-week high of Rs 3,280 (recorded in November 2007) till June low of Rs 1,199. However, the stock found support at around Rs 1,300 (a long-term support level) and reversed direction.
On July 4, the stock conclusively broke out of the down trendline by jumping up by 9 per cent with good volumes. The stock’s reversal has been supported by the positive divergence in the daily relative strength index. The stock also crossed over the 21-day moving average. The daily relative strength index (RSI) is rising in the neutral region towards the bullish zone and the weekly RSI has entered in to the neutral region form the bearish zone.
Our short-term forecast for the stock is bullish and we expect it to move up until it hits our price target of Rs 1,564 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 1,349
via BL
Wednesday, July 02, 2008
Friday, May 02, 2008
Thursday, March 13, 2008
Tuesday, March 11, 2008
Friday, October 26, 2007
Sunday, August 12, 2007
Areva T&D: Buy
Investors with a two-three year perspective can consider adding the Areva T&D India (Areva) stock to their portfolio, as the company is likely to emerge as one of the key beneficiaries from the continued investments in the power sector. Strong support from its French parent and expansion plans are factors that will enable the company to capitalise on imminent opportunities.
At the current price, the stock trades at 26 times its expected earnings for calendar year 2008 (CY 2008). With very few local competitors in the segment in which it operates, and the high growth visibility that the power equipment sector offers, the company is likely to sustain premium valuations. Investors can make use of any declines in the stock price linked to the broad markets to accumulate the stock.
Areva has started its expansion process with the setting up of two greenfield projects consisting of high voltage power and instrument transformers. It also has plans to further expand its product range and double its current capacity over the next couple of years. The proposed projects may not only help the company capture domestic orders, but also secure orders from its parent and other Asian companies. Areva, at present, contributes to about 10 per cent of its parent’s order intake. The interest evinced by the parent in the Indian arm is in line with the trend seen in companies such as ABB and Siemens. In this backdrop, we expect Areva to gain more business through its parent, given the cost advantage that the Indian unit enjoys.
Areva is in the process of merging three group companies. This is likely to result in more integrated operations, as all the T&D businesses would come under one roof. The merger is likely to be earnings accretive, with marginal equity dilution. Areva’s stronger thrust on the T&D business has been evident since its exit from non-core businesses last year. The benefits of this in terms of profitability are clearly visible as the operating profit margins for the quarter-ended June 2007 increased by 300 basis points to about 15.5 per cent. Net profits also surged by 55 per cent.
Any business opportunities in India arising from the parent’s strength in nuclear power projects, could provide additional upside, though they have not been factored in, pending clearance of India’s civilian nuclear deal by International agencies. Any business from the same would accelerate earnings growth. A sharp slump in order book levels and hike in raw material costs remain principal risks.
Thursday, July 19, 2007
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