MoneyMaker Research - Latest Stock Market News

MoneyMaker Research provides you the latest stock market update with best stock tips. Let us have a glimpse on some stock news.

Indian Hotels Company Ltd’s shares lost about 10% today

The shares of Indian Hotels Company Ltd fell 9.78 percent to the day’s low of Rs 108.35 and at which the Taj group company has lost 1161.4 cr, in the market capitalization. Today the market cap of Indian Hotels Company Ltd fell to Rs 10,718.78 cr, from Rs11,881.18 crores as on previous day’s close of Rs 120.1. Indian Hotels Company Ltd is issuing equity shares by way of a rights issue to garner an amount not exceeding to Rs 1500 Cr, so as to meet long-term financing requirements for capital expenditure, growth procedures and debt repayment.

Apex Frozen Foods IPO subscribed by 28%

Initial Public Offering (IPO) of Apex Frozen Foods Ltd got subscribed by 28% post lunch hours on the first day of subscription, as per info with NSE. The total issue volume stands at 62,10,000 shares. Total bids obtained by the offer stood at 17,40,320 while the total bids received at cut-off price stood at 12,72,320. The IPO closes on August 24 and the shares will be enlisted on NSE and BSE.

MoneyMaker Research News - Best Stock Tips for Tomorrow (22nd August)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go short in Apollo Hospitals.

“Apollo hospital is looking weak on Daily Charts. I would recommend selling below Rs 1050 & expecting it to test Rs 1020 level in upcoming week; keeping stop loss below Rs 1095."

It is giving a sense of a strong bear pattern and that could go much lower.

Apollo Hospitals Q1 net profit dips 51% at Rs 35.21 cr which will add more downside to it in upcoming week.

Futures of Apollo Hospitals Enterprise were trading 1.78 per cent down at Rs 1,054 on NSE.

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.