FINANCIAL POWERHOUSE:

_Power Finance Corpn_: To stay ahead of Competition

1) NIM 4.74%

2) *Q3 Sanctions flare 64% to 32027cr vs 19520cr*

3) TOTAL SANCTIONS 174402 Cr as on 31/12/2016

4) *Loan Assets 237432Cr*

5) _Business per Employee at 502cr and NP per Employee 15.36cr is unparalleled_

6) Excellent track record of high Div(139% in FY16 gives 10%+ yield)

*Trading @ 0.95xBook, 4.68 PERatio and likely Div yield of 10% for FY17*

Undoubtedly MOST UNDERVALUED

TP Rs 160 March expiry (For REC we have TP 161 March expiry but stock already 159)

DoW Technicals:.        

Buy PFC @139-140  

TP 150 .       

    SL 136

Den Of Wealth:
Big Breaking News:

Power Finance Corpn:

Company will convene Board meeting next week for a major announcement. Stock will rerated and stock price can be 150+ next weekend

Buy TODAY

*CASTROL: TP 576* by Phillip Capital.       

  Q4CY16 - PAT of Rs.1.56bn, up 11% yoy . EBITDA of Rs.2.2bn, up 3-4% yoy.

Volumes grew at 2% yoy to ~46.8mn.ltr, slightly bettering our revised est of 1% gr. Qoq volumes + 2%. Management cited challenging conditions owing to demonetisation, yet both automotive & industrial performed resiliently. Personal mobility and power brands grew at double digit.

Net realisation rose slightly by 1% qoq to Rs.167.2/ltr while GM was up 2% qoq to Rs.88.8/ltr. EBITDA/ltr was up 1% qoq to Rs.46.9, largely inline with opex rising based on seasonal trend.

Product launch continued with 2 eco friendly/clean lubes in automotive & a high performance cutting oil.

Final dividend of Rs.4.5 and sp divd of Rs.2 declared. With int divd of Rs.4.5, total dividend is Rs.11/sh implying *80%+ payout and 3% yield.*RD 3 Mar.
Buy

High Risk SUPER HIGH GAIN

_Power Finance Corpn_

Buy 140CE

SL 25 paise

Hold till Expiry

TP Rs 1.65/2.45/2.90

Breaking News: Castrol India Ltd

Today co has to announce results for Q4 and CY16. We feel that management may spring surprise by announcing Bonus Shares as well