WEEKLY WRAP

January 12th ,2013.

Market Overview
Infosys surprised the market with better than expected numbers. The week gone by saw start of the result season with also IndusInd bank declaring good set of numbers for the quarter. But the CAD figure was a spoil sport which was taken very negatively by the markets. On weekly basis markets are down almost 1% and most of the sectors are also in negative territory except for Auto and IT. The highest gainer for the week in sector was IT gaining 7.91% and the maximum loser was FMCG down 3.64%. The Advances were 1037 shares and 2115 shares were declines and 241 shares remained unchanged on BSE exchange.

Market Outlook
US stocks ended little changed on Friday as investors took a step back from buying ahead of next week's busy corporate earnings calendar. Indian investors are gearing up for key earnings results, including from Tata Consultancy Services Ltd (TCS), Reliance Industries Ltd , and ITC Ltd , Axis Bank, etc as well as inflation data next week. So it is going to be action packed week ahead. We may see both stock specific action and volatility in the markets. Mondays Inflation would be keenly watched after IIP data shrinked for next action from central bank's policy review on January 29. Also investors and traders both would be looking for a potential announcement on a widely expected hike in fuel prices after the oil ministry sent a proposal to the cabinet. The Securities and Exchange Board of India, is due to hold its board meeting on January 18, amid expectations it may announce tightening of norms for offer-for-sale transactions.

Anand Rathi ~ Retail Research

WEEKLY WRAP
January 12th ,2013.

Corporate News
Tata Steel KZN, a subsidiary of the Indian steel maker, has shut two ferrochrome furnaces in South Africa for two months to help power utility Eskom manage a tight electricity supply, industry sources said. Fair trade regulator CCI said it has approved sale of 65.12 per cent stake in Gujarat Gas Company by GSPC Distribution Networks, as the deal is unlikely to have any adverse impact on competition in the natural gas distribution market. Oriental Bank of Commerce (OBC) is confident of recovering its entire due from beleaguered Kingfisher Airlines by the end of this month. Having already invested Rs 88,000 crore in Gujarat so far, Essar Group will make a fresh investment of Rs 14,000 crore in the state's port sector and water supply projects, the company's Chairman Shashi Ruia said. Nagarjuna Fertilisers and Chemicals Ltd (NFCL) announced an investment of Rs 4,500 crore to set up a new urea plant in Andhra Pradesh with a capacity of 1.3 million tonnes per annum. RIL insider-trading case: SAT to hear plea on Jan 24The Securities Appellate Tribunal (SAT), adjourned the admission of a plea made by Reliance Industries (RIL) against market regulator Securities and Exchange Board of India (Sebi) to January 24 in a case related to alleged insider trading. The meeting between Hero Motocorp management and its Gurgaon workers has failed to break the settlement deadlock. The workers rejected the managements' offer to increase their salaries by Rs 6,500 per. Telecom tribunal TDSAT has asked Videocon Telecommunications to renew its performance bank guarantees for Uttar Pradesh (East) and Madhya Pradesh circles for three months. Crompton greaves has done acquisition of the Compact Fluorescent Lamps (CFL) business of Karma Industries at Baddi, Himachal Pradesh. The approximate value of acquisition of the abovementioned business is Rs. 145 million.

Anand Rathi ~ Retail Research

WEEKLY WRAP
January 12th ,2013.

STOCK OF THE WEEK Stock name ~ BAJAJ CORP |NSE: BAJAJCORP | ISIN: INE933K01021 | SECTOR: Personal Care

BSE: 533229

FUNDAMENTAL FACTS
GSPL ~ WEEKLY CHART

Bajaj Corp Ltd is one of India's leading FMCG Company with major brands in Hair care category. The company's principal product is Almond Drops, which is in the light hair oil segment. In addition, they also GSPL produce~ MONTHLY CHART and oral care products. The company is a part of the Shishir Bajaj Group of other hair oils companies. Strong brand presence - The company markets their hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine Hair Oil. They also produce oral care products under the brand name Bajaj Black Tooth Powder.
GSPL ~ DAILY CHART

They manage a distribution network that includes 4,300 distributors, or 'stockists', that sell to more than 1.49 million retail outlets located throughout India. International presence - The company is exporting their brands to many countries including UAE, Mauritius, Malaysia, Kuwait, Maldives, Oman, Kenya, Saudi Arabia, Uganda, Singapore, Myanmar, Pacific Islands (New Zealand, Australia, Fiji Islands) West Indies, Sri Lanka, Bangladesh, Afghanistan, Cambodia, Nepal and USA. The company is financially very strong with no debt on books and cash and cash equivalents of Rs. 447crs. It has strong brand value and almost garners 50% of the market share in the hair oil segment. It is also one of the fastest growing segment in this hair oil space. Q3FY13 Result Analysis Bajaj Corp has declared its Dec2012 quarter results. Top line has grown by 32% to Rs. 148 Crs. Expenses have grown by 25.4% leading to better operating margins for the last quarter. Advertising costs have remained flat whereas other expenditure has risen by 52.6%, yoy. EBDITA at Rs. 42.14 Crs is up by 51% on a yoy basis. With a negligible depreciation and interest cost, PAT is up by 46.2%, yoy. The quarters numbers are well ahead of the street estimates and the company has already posted an EPS Rs. 8 for the nine month period and looks set to report an EPS of Rs 11 for the current financial year, thereby discounting the CMP of Rs. 245 by only 22 times. The company has also declared a interim dividend of Rs. 6.5/ share. We recommend a BUY for bajaj corp.

Anand Rathi ~ Retail Research

WEEKLY WRAP
January 12th ,2013.

TECHNICAL OUTLOOK ~ Bajaj Corp

WEEKLY OUTLOOK BAJAJCORP Rs.255, looks very good to target Rs.300 as stock has crossed made all time high of Rs.261.8 and closed highest on daily and weekly basis. Stock is rising in weekly channel with good support around Rs.235. Stock trades above all major average 200DMA Rs.162, 100DMA Rs.198 and 50DMA Rs.217.

Anand Rathi ~ Retail Research

WEEKLY WRAP
January 12th ,2013.

Corporate Announcements Company Name Announcement

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Anand Rathi ~ Retail Research