Yet again i am back with a stock in the healthcare segment -----
After spotting Education and Power sector as stories in 2007 i believe the next one is going to be healthcare/research and so on. But the stocks may not seem exciting on fundamental p/e and other benchmarks but markets should ideally give them a high p/e and stocks may over run.
Our earlier favorite Fortis Health still remains a strong pick and one should hold on 70 to 170 and still strong. Next is Apollo Hospitals which should over perform in 2010-2011.
The next option in the sector comes is
Kovai Medical Center and Hospital.
The stock is quoting around 105 at almost a p/e of 10 which does not make it expensive on a normal consideration.
The 800 bed hospital as well and another 150 beds in adjoining areas makes it a good bet at 110 crores market cap.
As per market valuations the valuations on the hospital and land could be anywhere between 300-400 crores.
Technically the stock has corrected from a highs of 140 to 105 levels and made a low of sub 90. Any dips in the range of 90-105 is a good buying area with a minimum target price of 125-140 in short to medium term.
An exposure is warranted if someone is looking with a perspective of 6 mths to 2 years. The stock can be a 50-100% mover in the long run.Also to diversify holdings in the healthcare segment a small allocation can be done.
The stock is illiquid so do take care.
DISCLOSURE : Recommended to clients at 100-90 levels in all our plans. Have already booked partial profits at 108 + to reduce acquisition cost.
Previous Stocks :
Accentia Technologies was recommended at 110-120 levels has come up to 280 !! The long term outlook is positive but profit booking to an extent of 75% be done.
Surya Pharma recommended around 135-140 levels is around 165-170.Maintain the strong long term view. Fresh upmove may start on closing above 175-180 levels where one can even add for short term.
PTL Enterprises recommended at 18-19 the valuation play remains but partial booking can be done if rises to 25. Only for patient investors and dont expect quick fire returns.
TECHNICAL ANALYSIS SESSION
CHENNAI - March 27-28
Tentatively scheduled. Interested people call Nooresh 09819225396 for details/confirmations or mail to firstname.lastname@example.org
April 13, 2010
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