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FUNDAMENTAL State Bank of India Ltd
STOCKS CMP: ` 250.20 (As on 30th Dec, 2016)
Buy on decline: ` 250-238
Kajaria Ceramics Ltd Whirlpool of India Ltd Target Price: ` 275-290
Stop-Loss: ` 234
CMP: ` 465.60 (As on 30th Dec, 2016) CMP: ` 889.05 (As on 30th Dec, 2016)
State Bank of India Limited is the
Buy on decline: ` 465-440 Buy on decline: ` 889-860 largest state-owned banking and
financial services company in India.
Target Price: ` 495-540 Target Price: ` 963-1060 The bank provides banking services
to the customer. In addition to the
Stop-Loss: ` 430 Stop-Loss: ` 840 banking services, the bank through
their subsidiaries, provides a range of
Kajaria Ceramics Limited is Whirlpool of India Limited financial services, which include life
engaged in manufacturing and manufactures and trades in insurance, merchant banking, mutual
sellingof ceramic and vitrified home appliances in India. funds, credit card, factoring, security
tiles. Its products include ceramic The company primarily offers trading, pension fund management
wall and floor tiles, polished refrigerators, washing machines, and primary dealership in the money
vitrified tiles, glazed vitrified tiles, air conditioners, microwave ovens, market.The bank operates in four
and sanitary ware and fittings, water purifiers, home power business segments, namely treasury,
as well as adhesives for ceramic products, and accessories, as well corporate/wholesale banking, retail
and vitrified tiles, and unsanded as built-in kitchen appliances, banking and other banking business.
grout. The company markets its including ovens, microwave Its segments include Treasury, which
products through a network of ovens, hobs, microwave and includes the entire investment portfolio
dealers and sub-dealers, as well as cooker hoods, coffee machines, and trading in foreign exchange
Kajaria Prima showrooms.It has refrigerators, water purifiers, contracts and derivative contracts;
an annual aggregate capacity of dishwashers, barbeques, and Corporate/Wholesale Banking, which
over 68.6 million square meters, stackable washers and dryers. comprises the lending activities of
distributed across over nine plants Headquartered in Gurgaon, Corporate Accounts Group, Mid
in Uttar Pradesh and Rajasthan, it is now one of the leading Corporate Accounts Group and Stressed
approximately five plants in Gujarat, manufacturers and marketers Assets Management Group; Retail
and over one plant at Vijayawada of major home appliances in the Banking, which comprises branches
in Andhra Pradesh. The company country. The company owns three in National Banking Group, which
exports its products to over 20 state-of-the-art manufacturing primarily includes Personal Banking
countries and has an exclusive facilities at Faridabad, Pondicherry activities, including lending activities
office/showroom in UAE.It has and Pune. The company exports its to corporate customers having banking
wide clientele namely Unitech, appliances all over the globe from relations with branches in the National
DLF, Parsvnath, Magarpatta, Australia and New Zealand in the Banking Group, and Other Banking
Sobha Developers, DSK, Mantri East right up to Latin America in Business, which includes the operations
Group, Prestige Group, Ansals, the West. Currently, it is supplying of all the Non-Banking Subsidiaries/
Hiranandani, Raheja Developers, more than 30 markets all over the Joint Ventures other than SBI Life
Omaxe and EMAAR-MGF are world. Insurance Co. Ltd. and SBI General
among others. Insurance Co. Ltd. Its geographical
We recommend buying in stock segments include Domestic Operations
We recommend buying in stock on on a decline in the range of and Foreign Operations. As of March
a decline in the range of Rs 465-440 Rs 889-860 with a stop loss of 31, 2016, the company operated 16,784
with a stop loss of Rs 430. On the Rs 840. On the upside, it can test branches; 6,798 branches of 5 associate
upside, it can test Rs 495-540 levels. Rs 963-1060 levels. banks; and 59,011 ATMs. State Bank of
India was founded in 1806 and is based
in Mumbai, India.
We recommend buying in stock on a
decline in the range of Rs 250-238 with
a stop loss of Rs 234. On the upside, it
can test Rs 275-290 levels.
8 ARIHANT CAPITAL ยก JANUARY 2017
