Angel Broking puts BUY on Essel Propack:

[I think you can start buying Glory Polyfilms Ltd (BSE Code: 532857) at the CMP of Rs.23.6 for some fantastic targets ahead. The company has recently completed the first phase of expansion and will soon install 3-layer machine. The good point is that, the stock is available near its 52-week low price and hence could be one of the safest bets. Besides the Crude Oil price have hit a plateau of sorts, in the near term and is expected to hover around $65--$75 per barrel price range ($73 being very strong resistance and is difficult to cross on closing basis) for some more time before moving up--hence best time to accumulate Glory Polyfilms Ltd. The stock had a 52-week high of Rs.208.4 on BSE).

Sanguine Media Services Ltd (BSE Code: 531898; CMP: Rs. 5.5), a leader in providing Rural Marketing Services, TV software marketing, production, event management and voice translation for media, whose all time high is more than Rs.55, should hit some more circuits in the short term.

Unconfirmed news reaching my research desk, points out that that the company has tied up with TVS Motors Ltd, Calvin Klein, etc, for the activities in their clubs (Event management).

Sanguine Media, a television content provider, last year announced its foray into In-Film Advertising, in order to provide more options to its clients and agencies for reaching their target consumers. With more than 400 films being produced in South India annually, Sanguine is very optimistic to scale new heights with this opportunity, as the world economy improves. Earlier, Sanguine Media Services Ltd, successfully completed an In-Film advertising assignment for Rajinikant starer 'Kuselan', a Tamil and a Telugu film.

Sanguine Media Ltd a couple of years back announced that the Company launched "SAMRAT" - India's first custom designed vehicle for mobile product marketing and brand promotion initiatives especially aimed at facilitating penetration of rural markets. Hence any good news on Monsoon Front, will give additional triggers for the share price of the company. In any case, the stock is going to reach dizzy heights in the near future.

Sicagen India Ltd (BSE Code: 533014; CMP: Rs.8.05) also could be added for some superb targets ahead. It seems the stock is under the grip of strong hands. I am told there could be a board meeting on 20th of June, 2009 or may be at the end of this month to thrash out some important points for the restructuring of the company]

Essel Propack (EPP), the world’s largest packaging company, is part of the Essel Group. Angel Broking expects the company to register an improvement in its performance on the back of low crude oil prices and stabilisation of new units. Angel Broking, estimate the company to post 13.5% CAGR in Sales over the next two years and record consolidated profits of Rs.44.4 crore in CY2010, as against the Loss of Rs.88.3cr in CY2008.

At the CMP, the stock is trading at inexpensive valuations of 0.6x P/BV and 0.3x EV/Sales on our CY2010 estimates. We Initiate Coverage on the stock, with a BUY recommendation and a target price of Rs.37. [With inputs from Internet]