KEI Industries Share for Tomorrow Investment ( 15 Sep 2017 )

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

“KEI INDUSTRIES is the stock which I would recommend to buy above Rs 347; this can see topside to levels closer to Rs 357 - 360 zones, keep stop loss below Rs 332”.

I foresee retail business to advance by 30 percent in this financial year. Therefore, enduring to focus on flourishing retail business & it has also shown good consistent profit growth of 32.23% over 5 years.

Stock has been gaining for the last 2 days and has risen 7.55% in the period.

Price has risen by 5.31% and Vol has risen by 79.42% (Vol compared with 5 day avg vol till 03:30 PM).

KEI INDUSTRIES was closed 5.83 per cent up today at Rs 323.30 at NSE.

ICICI Lombard General Insurance IPO opens today

The Initial Public Offering of ICICI Lombard General Insurance Company will remain open for subscription today, Sept 15, and will close on Sept 19. The IPO will see ICICI Bank and Fairfax Financial Holdings sell about 86.24 million shares. The initial share sale values the company at Rs. 30,000 crore at the upper end of the price band level of Rs. 651 - 661 per share.

ICICIL is joint venture with ICICI Bank and Fairfax Financial Holdings. It is a multi-product general insurance player having market share, based on GDPI or gross direct premium income, of 8.4% among all non life insurers and 18% among private-sector non-life insurers.

ICICIL's investment assets jumped from Rs 10200 crore on March 31, 2015 to Rs. 15079 crore on March 31, 2017. It holds 18.0 percent share among private sector non-life insurers in the country and manages Rs. 164.5 billion of investment assets. ICICI Lombard General Insurance is the second large insurance company from the ICICI group to go public.

Top Trading Ideas from Market Expert for Trade Tomorrow (14 Sep 2017)

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

“IB VENTURE is the stock which I would recommend to buy above Rs 288; this can see a upside to levels closer to Rs 300 - 305 zones, keep stop loss below Rs 270”.

The origination of the low cost housing efforts and Real Estate Bill will provide an urgue to sales and the Company is geared to take leverage of the same through its realty distribution business.

Company has a given a good return on equity (ROE) track record: 3 Years ROE 32.08% & also maintaining a healthy dividend payout of 60.68%.

Stock also has been gaining for the last 7 days and has risen 24.59% in the period & Price has risen by 7.13% and Vol has risen by 51.97%.

IB VENTURE was closed 6.95 per cent up today at Rs 283.75 at NSE.