Monday 21 August 2017

Best Stock Tips By MoneyMaker Research - V-Mart Retail gallops 19%

The stock of V-Mart Retail Ltd took a high pitch by 19% to Rs 1,459 on BSE in intra-day trade today. The huge leap was after the V-Mart reported a double net profit of Rs 22.00 crore in June Q1FY18, on account of robust operational performance. The company had profit of Rs 9.37 crore in year ago quarter. V-Mart Retail had announced a net profit of Rs 39.52 crore during the entire previous fiscal 2016-17. 

The shares of V-Mart Retail were trading at Rs 1429.50 per share, up by Rs 208.90 as on post morning hours on Monday, on the BSE. The stock was traded at its new 52-week high of Rs 1,458.80 witnessing a surge in volume by over 8.62 times. The stock caught a traded volume of 2,40,281 shares and the traded value of Rs 3,383.25 lakh on the NSE.

The company’s Retail standalone revenue for the quarter came in at Rs 315.12 crore, registering 38.8% year on year increase. The profit after tax for the quarter registered in at Rs 22.35 crore. The company is engaged in value retailing through the chain of stores located at different places in India, offering products across diverse verticals, viz. Apparel, General Merchandise and kirana bazaar.

Saturday 19 August 2017

PC Jeweller Share ideas for Tomorrow by Research Head Money Maker

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in PC Jeweller.

PC JEWELLERS Future is the stock which I would recommend to buy above Rs 378; I would still look at levels of around Rs 388-390 as a trend & put stop loss of below Rs 366.”
According to industry sources, unorganised units and small jewellery makers may join hands with the relatively better-positioned brands through franchises, thereby leading to consolidation and market share gains for the organised entities.

From Jewellery industry PC Jeweller is in focus as Crisil upgrades their long-term rating recently which will add fuel to it.

Money Maker Research News - HDFC Life Insurance files DRHP with Sebi for IPO

HDFC Life Insurance Co. Ltd on Friday filed its DRH prospectus with the market regulator Sebi for an IPO of 299.8 million shares. As per the prospectus, HDFC Life will dilute about 9.55 percent stake and its JV Company Standard Life will offload about 5.42% in the offer.

Merchant bankers for HDFC Life Offer’s include Stanley Morgan, Credit Suisse, HDFC Bank and Nomura. HDFC Life is a JV between HDFC Ltd and UK’s Standard Life, with 61.52% and 35% respectively. Further, the state-run SBI-promoted life insurer, SBI Life Insurance Co. Ltd, is working on its IPO plans.

For the fiscal 2016-17, HDFC Life Insurance registered a gross premium income of Rs. 19,445.00 cr, and its profit after tax (PAT) for the year reached at Rs. 892 crore.


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