Things to Watch Out; What to expect in the market week ahead - Money Maker Research

The 21st GST Council meet, headed by FM Arun Jaitley, will be held today, 9 Sept 2017 in Hyderabad. In the meeting, the govt of Telangana will show up the demands on reduction of tax slabs on certain products and services.

The IPO of Matrimony.com opens on Monday, 11 Sept 2017 and will close on Wednesday, 13 Sept 2017. Further, the IPO of ICICI Lombard will be opened on September 15 and will close on September 19. Matrimony.com is looking to raise Rs 501 Cr from its proposed IPO with a price Band of Rs 983 – 985 which will Open Sept 11 and will close-Sept 13.

Capacit'e Infra projects is coming up with an IPO with issue size up to Rs 400 crore, with a price band of Rs 245 to Rs 250 per share, which will open on Wednesday, 13 Sept 2017 and will close on Friday, 15 Sept 2017.

Health insurer Cigna TTK has filed an application with Insurance Regulatory & Development Authority to replace its J.V partner, the TTK Group, with the Manipal Group which has a brand presence in health care and education.

Best Stocks for Weekly Investment from Market Expert

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.

Best Share Tips for Today (8th September)- Money Maker Research

BSE Sensex opened higher by 63 points at 31,726 levels, while the NSE Nifty opened higher by 22 points at 9,952 marks at after 10:00 hours extent. A majority of Asian stocks were trading in the positive terrain in early trade on Friday. The shares of L&T, Cipla and Tata Steel rose, while Dr. Reddy’s Labs and Infosys fell. Here are the latest stock focuses from the markets: 

• Stocks of Bajaj Finance Limited are on a rising streak since the last two trading days after a robust response to its QIP of equity shares on the eve of 5 Sept. The Bajaj Finance stock has gained over Rs 9400 in market capitalization in just two days.

• Shares of Eicher Motors and Royal Enfield advanced over 3 percent to hit a record high yesterday on the news that the company is going to make a binding offer to acquire the iconic Italian superbikes Ducati about 2 billion dollar. The stock gained 3.88 percent to Rs 33,328.4 on NSE yesterday.

• Shares of Indiabulls Housing Finance rose to a lifetime high on Thursday after research and brokerage firm CLSA raised the target price of the company to Rs 1500 from Rs 1380. Mahindra & Mahindra has announced the proposed rise in GST on SUVs and bigger cars should not be applied during the festive season.