BUY TO SELL STOCKS FOR SHORT TERM GAINS

02nd January 2014

PANACEA BIOTEC BUY POTENTIAL UPSIDE: 18.3%

CURRENT MARKET PRICE: 102.30 TARGET PRICE: 121.00

BSE Code 531349 Market Cap (Crores) 626.60

NSE Code PANACEABIO P/E 0

Book Value 91.63 EPS -42.81

Face Value 1 Dividend Yield % -

STOCK RECOMMENDATION

15% @ 90 DAYS – JAN 2014

- 2 - SARAL GYAN CAPITAL SERVICES

Comparative Chart (Last 1 Year) Panacea Biotec & Nifty:

Nifty: 3.5% Panacea Biotec: -9.7%

Stock Resistance and Support:

1st Resistance – 110 1st Support – 98

2nd Resistance – 122 2nd Support – 85

15% @ 90 DAYS – JAN 2014

- 3 - SARAL GYAN CAPITAL SERVICES

Financials at a Glance: Quarterly Results of Panacea Biotec (Rs. In Millions)

Particulars Sep 2013 Jun 2013 Mar 2013 Dec 2012

Audited / UnAudited UA UA UA UA

Net Sales 1100.90 1176.30 1903.60 1841.00

Total Expenditure 1112.40 1277.20 2098.00 2003.90

PBIDT (Excl OI) -11.50 -100.90 -194.40 -162.90

Other Income 2.00 2.50 39.80 25.70

Operating Profit -9.50 -98.40 -154.60 -137.20

Interest 368.20 321.20 357.00 269.80

Exceptional Items 0 0 -105.70 0

PBDT -377.70 -419.60 -617.30 -407.00

Depreciation 185.00 189.60 210.20 215.80

Profit Before Tax -562.70 -609.20 -827.50 -622.80

Tax 0 0 0 0

Provisions and contingencies 0 0 0 0

Profit After Tax -562.70 -609.20 -827.50 -622.80

Extraordinary Items 0 0 0 0

Prior Period Expenses 0 0 0 0

Other Adjustments 0 0 0 0

Net Profit -562.70 -609.20 -827.50 -622.80

Equity Capital 61.30 61.30 61.30 61.30

Face Value (IN RS) 1 1 1 1

Reserves

Calculated EPS -9.18 -9.94 -13.50 -10.16

Calculated EPS (Annualised) -36.72 -39.75 -54.00 -40.64

No of Public Share Holdings 15427192.00 15427192.00 15427192.00 15427192.00

% of Public Share Holdings 25.19 25.19 25.19 25.19

15% @ 90 DAYS – JAN 2014

- 4 - SARAL GYAN CAPITAL SERVICES

Basis of Recommendation:

i) Technical Analysis

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