Research
Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is
having a view that one can go long in IBVENTURE.
“IBVENTURE
is the stock which I would recommend to buy above Rs 257; this can
see a upside to levels closer to Rs 267 -270 zones, keep stop loss
below Rs 240”.
The
company acts as a stock and share broker on the National Stock
Exchange of India Limited (NSE), BSE Limited (BSE), depository
participants and other related services. The Company's primary
businesses include Broking and Related activities, and Lease Rental
activities. Its segments include Broking & related activities,
and Lease Rentals & related activities.
The
Total Revenue of the Company during the year was Rs.104.52 crores
with a net profit of Rs.16.87 crores. The consolidated revenue of the
Company was Rs. 409.63 crores and the consolidated net profit
was Rs.73.84 crores.
Company
is expected to give good quarter & also has a good return on
equity (ROE) track record: 3 Years ROE 32.08% and it has been
maintaining a healthy dividend payout of 60.68%.
Its
EPS also increased from 2.52 to 3.19 as compared to previous
financial year.
IBVENTURE
was closed 2.71 per cent up today at Rs 244.55 at NSE.