| 18. Chirag 8/10/2010 6:11:04 PM IST |
Price @BSE - Rs 89.15 when posted |
bharat fertiliser (bfil ) (531862)
Market capital 32 crore.
M/s. Bharat Fertilizer and Realty Industry Ltd. is a registered public limited company engaged in Mfg. Chemicals and fertiliser from 1958 and now entering into a realty business by developing its surplusland at Majiwada, Thane, at Wada and at Fort area.
-----------Residential project ----------
Company`s maiden residential project namely “Shiv Sai Paradise” is located ideally in the heart of Thane city near Kapurbawdi circle. It is very close to Jupiter speciality hospital, schools and colleges of all kind, 3 km. from Thane railway station, starting/ending points of TMT bus and rickshaw stand is at entrance gate, petrol stations and banks are within walking distance, just behind lake city Mall / Big Bazar and Multiplex Theatre with many shopping Malls and food court and famous branded restaurants and
The company has 6,50,000 ft. saleable area consisting of 10 Nos. high rise earth quack proof tower with stilt +17 Floor height covering 1/2/3 BHK spacious flat with all modern amenities for luxurious stay with peace and harmony..
total apartment-528……….. price-6000 rs. Per sq. ft.
The company is also planning to construct a small “Day Shop” with branded chain company for daily requirement of all household items on calling time for easy daily hastlefree life.(web-bharatshivsai dot com)
---------Commercial Project:-----------
The company is also developing 15,000 Sq. Ft. high end stilt +6th floor high rise commercial office building with stilt parking area at flora fountain, fort opposite Mumbai High Court and close to BSE and other prominent places of business area in next 2 years for leasing to any multinational companies for office premises.
----------Future Expansion:-------------
To enhance realty business activity in future along with its present chemicals and Fertilizer Mfg. Business it is proposed to develop “SEZ” in company`s freehold land of 120 acres at Kharivali, Village, Taluka Wada in Thane Dist. Of Maharashtra State in near future for which management is searching a foreign partner and planning to increase its equity base for raising funds once permissions are received from competent authority.
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| 17. rajinikuamr 5/17/2010 5:37:43 PM IST |
Price @NSE - Rs 76.2 when posted |
| buy unitech now |
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| 16. Trade and profit 4/25/2010 5:50:43 PM IST |
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| Plz sell unitech between 87-88. I will let when u can buy. Profit wil be urs 100% |
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| 15. sachin jain 4/23/2010 3:51:35 AM IST |
Price @BSE - Rs 84.1 when posted |
| Unitech Group, which runs the country`s secondlargest developer, Unitech Ltd, launched a Rs 300-crore venture capital fund to raise funds for its slum redevelopment projects in Mumbai. |
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| 14. rahul biyani 4/23/2010 3:48:03 AM IST |
Price @BSE - Rs 84.1 when posted |
the country`s second largest real estate firm`s board
approved the demerger of infrastructure businesses of the company into a separate entity. The swap ratio was fixed at 1:1.
The demerger includes investments in telecom, hotels, amusement parks and SEZs into a separate entity. |
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| 13. anil raman 4/22/2010 10:46:58 AM IST |
Price @BSE - Rs 84.70 when posted |
| what i can do at that time i have purchased 2600 share of unitech at 80.65.at that time i hold that share or not.what is the target i can set for one month |
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| 12. Kiran 4/17/2010 8:39:10 AM IST |
Price @BSE - Rs 80.9 when posted |
Hello
Can I hold for another 6 months or sell at thisprice |
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| 11. srinivas 3/29/2010 11:03:24 PM IST |
Price @BSE - Rs 72.4 when posted |
sir
shall i go for 1year current levels? |
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| 10. Insight technical 12/4/2009 12:40:52 PM IST |
Price @BSE - Rs 89.00 when posted |
Unitech
Sell
Price: Rs90 Target Price (Mar 10): Rs73
Unitech Wireless launches service;
competitive though not disruptive
Unitech Wireless (UTW) kept its promise of an end-2009 launch & has
on 3rd Dec 09 launched its GSM-based telecom service (‘Uninor`) in
India across 7 circles (major cities covered include Bangalore &
Chennai). Mumbai is expected to be included in phase 2 (1QC10). Our
telecom analyst terms the tariff plans as ‘competitive though not
disruptive`. To recap, UTW is a 67:33 venture between Telenor group
of Norway & Unitech. Telenor has agreed to invest a total of Rs61.2bn
for a 67% stake in the venture and has till date brought in c.Rs26bn
for a 49% stake. Management highlighted that: (a) inflow of balance
fund into UTW (in-principle clearance from FIPB in place) is expected
to get spread over few tranches, based on capital needs of UTW, (b)
no immediate plan to buy out Unitech`s stake in the venture (note that
current regulation requires minimum 26% Indian holding).
Other key highlights from the conference call:
* Launch details: (a) Uninor`s service was launched across 7 circles:
Andhra Pradesh, Bihar, Karnataka (including Bangalore), Kerala, Tamil
Nadu (including Chennai), UP East & West. Mumbai is expected to get
covered in the next stage of roll-out (expected in 1QC10). As per
management, these 7 circles cover a total population of c.550-600mn and
represent areas with lower penetration of c.36% compared to c.40%
average for whole of India; real penetration rate could, however, be lower
considering estimated c.20-25% multiple-SIM users, (b) Only prepaid plan
available as of now and there are 2 tariff options, one of which, we
believe, has an ‘effective tariff` that is likely to prove more competitive
than peer companies` offerings in case of higher usage, (c) UTW has
strategically chosen to operate only in the mid-to-high usages segments;
it expects to win customer-base through differentiated service (e.g.
network quality, higher number of customer agents to reduce wait-time for
calls to customer-service).
* UTW is largely holding on to its earlier targets: Financial targets laid
out as under: (a) achieve 8% pan-India market share by 2018, (b)
expects to achieve EBITDA break-even in approx. 3 years from launch and
operating cash flow break-even (EBITDA less capex) in approx. 5 years
from launch. Management pegs peak funding requirement at c.Rs155bn or
lower, (c) target long-term EBITDA margin at 30%, (d) 10% capex/sales
ratio over the longer term.
* 3G: UTW is not looking at participating in a pan-India 3G auction but a
selective circle-wise 3G strategy could be explored.
* Our telecom analyst Anirudh Gangahar believes that UTW`s targets of a
30% long term EBITDA margin & a 3-year EBITDA breakeven appear to be
aggressive and more like a best-case scenario.
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| 9. Insight technical 11/20/2009 11:50:25 AM IST |
Price @BSE - Rs 79.60 when posted |
* UNITECH
Weekly Trend Decider 86.50 . Trading range 80 to 90.... Break out will one side move. Today below 80 selling opportunity target 75.. stop loss above 83.
Note: More intra-day opportunities will be provided
live during the market hours
Contact : +91 982222686 |
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| 8. hotstocktips 11/6/2009 1:14:54 PM IST |
Price @BSE - Rs 86.65 when posted |
• Unitech Nov. Future (Rs. 85)
Buy only in the region 84-86 with a stop loss
below 81 for an intra-day target of 92.
Note: More intra-day opportunities will be provided
live during the market hours
For more Info Visit www dot insighttechnical dot net |
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| 7. insight 10/15/2009 3:08:11 PM IST |
Price @BSE - Rs 103.80 when posted |
Unitech Oct. Future (Rs. 105)
Buy only in the region 104-106 with a stop loss
below 103 for an intra-day target of 110.
Note: More intra-day opportunities will be provided live during the market hours
For more details Contact : 0712 - 2567489 |
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| 6. Praveen agrawal 8/11/2009 7:23:19 PM IST |
Price @BSE - Rs 87.55 when posted |
Unitech Ltd
Sell Price: 91 Traget Price: (Mar 10): Rs 73
he shift in developers’ focus towards affordable housing represents the transformation of residential real estate segment into a largely volume-led play. While such strategy augurs well for near-term cashflow generation & enlargement of addressable market, we note that land-bank valuation is typically more sensitive to pricing than to volume. In our view, recent aggressive price-cuts mark a step towards ‘commoditisation’ of organised real estate, which is likely to dilute land-bank valuation, unless prices rise sharply soon. Given that recent uptick in transaction levels was prompted by severe price-cuts, we believe steep price-hike is likely to be some time away. Sell.
We project Unitech’s FY10E and FY11E sales volume at 15mn sq ft each, premised on management’s guidance of 30mn sq ft of launch & 20mn sq ft of sales bookings in FY10E. This compares with volume of c.10mn, 7mn & 3mn in FY07, FY08 & FY09 respectively. In the current fiscal, Unitech has already launched 17mn sq ft & sold 7mn of the same. Unitech has created a new brand ‘Uni Homes’ to target the affordable housing segment (price range of Rs1-3mn per unit), with 10mn sq ft of launch across 8 cities planned in the first phase. In our view, execution on such large scale could prove to be an onerous task. We build in an average price of Rs2,580 per sq ft in FY10E for Unitech’s ‘mid-income’ housing.
We peg our NAV-based target price at Rs73 based on the above, using 13.8% cost of capital and cap rates of 11% for office & 12.5% for retail, including value of Unitech’s stake in the telecom venture at Rs9.
Question then is what would it take for us to get positive on the stock? As land bank valuation is more sensitive to pricing than volume, we believe prices need to increase to fundamentally justify a higher NAV. But given that recent uptick in transaction in the residential segment was prompted by severe price-cuts, we believe sharp price-hike is likely to be some time away. The commercial segment, on the other hand, continues to be plagued with problems of demand slackness & expectation of large oversupplies in the market place over the next 2-3 years.
Two rounds of QIPs: Between April and June 2009, Unitech raised a total amount of Rs44bn through two separate QIPs (qualified institutional placement) - first lot of 421mn shares issued at Rs38.5 per share in mid- April 2009 plus another lot of 344mn shares at Rs81 per share towards end-June 2009, which breathed a fresh lease of life into the company. Faced with a steadily rising debt bill (c.Rs109bn in Dec-08, since reduced to Rs82.6bn in Jun09), investors’ perception of UT as a prime bankruptcy candidate compounded an already existing problem of poor demand that plagued all real estate developers alike. To recollect, UT, like most other real estate companies, witnessed sharp drop in incremental sales especially during the Nov-Dec 2008 period, and a 57% and 74% drop in 3QFY09 accounting sales and profits. The QIP inflows rescued UT from bankruptcy, leading to a sharp upward movement in the stock price, bouncing back to a high of Rs98 in June 2009, after hitting a low of Rs21. Over and above, UT also issued 227.5 mn warrants to its promoters, to be converted at Rs50.75 per share in the next 18 months.
Price cuts in residential segment: Real estate players resorted to sharp price cuts in residential developments to counter the falling demand in the segment (major players cut prices by as much as 20-30% for some of the recently announced projects). This led to sharp uptick in volumes, with several newly announced properties reporting bookings for 70-80% of its area within couple of days of the announcement.
Positive election outcome: In mid-May 2009, India witnessed a very positive election result, which saw the Congress-led United Progressive Alliance returning to power with strong majority. Expectations are that a reform-focused steady government would generate higher economic activity in the country and hence, an uptick in the GDP growth expectations for FY10E. Risks to recommendation:
Residential: With recent uptick in residential housing demand being on the plank of ‘affordable housing’, we have modeled for major portion of residential volume going forward to be from the mid-income segment (lower realization). A sudden change in preference towards luxury housing due to acceleration of wealth-effect would imply higher price levels and higher margin for the company, and consequently, higher NAV.
Commercial: We forecast near-term weakness in the commercial real estate segment on account of lower visibility on IT sector revival. IT sector is an important demand-driver for commercial office space due to a direct correlation between number of employees and revenue growth. Based on the above and more importantly, considering the projected over-supply in the market place over the next 2-3 years, we model for hike in lease rentals only from FY12E onwards. A stronger than expected demand acceleration and a consequent surge in prices would lead to a higher NAV compared to our estimates.
For more details Contact : 9822226867
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| 5. Insight technical 6/10/2009 1:10:53 PM IST |
Price @BSE - Rs 0.00
when posted |
| Buy only on a move above 90 with a stop loss below 86.5 for an intra-day target of 96. |
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| 4. Catching.U 3/29/2009 11:37:53 AM IST |
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is it good to hold Unitech at this Level ?
Now the lvl at 35.90.
Having 1000 Stock at 30 |
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| 3. Riya 1/31/2008 10:58:14 PM IST |
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| Unitech looks a good buy at Rs.375 in view of good results posted by the company. Share could soon cross Rs.400 mark. |
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| 2. Salim 12/28/2007 7:21:24 PM IST |
Price @BSE: 483.80 Rs when posted |
| Unitech is reportedly making an aggressive entry into the booming realty market in the south. It is on the verge of announcing two joint development deals, involving over 1,400 acres of prime land in Hyderabad and Chennai. |
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| 1. V.bafna 12/24/2007 8:26:36 AM IST |
Price 457.9 when posted |
| i bought 100 share of unitesh ltd.i am hold/sell this stock |
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