Friday, November 24, 2017

Know your BRLM : Motilal Oswal Investment Advisors

Motilal Oswal Investment Advisors have managed 6 IPOs, out of which 5 are trading above the offer price. FirstChoiceIPO's recommendations were off the mark in respect of 3 IPOs.


Sl no
Name of the company
IPO price
CMP
FirstChoiceIPO recommendation
1
Avenue super markets
299
1161
Avoid
2
PSP Projects
210
427
Avoid
3
GTPL Hathway
170
145
Avoid
4
AU Small Finance bank
358
666
Invest
5
Dixon Technologies
1766
3181
Avoid
6
MAS Financials
459
618
Invest

IPO ANALYSIS : FELIX INDUSTRIES LIMITED

ISSUE DETAILS :


Issue opens / closes on

23-11 / 27-11-2017
Issue Size
13,68,000 equity shares
Face Value
Rs 10
Price
Rs 35

BUSINESS
Water cycle management - treatment / recycling
Promoters
Mr. Ritesh Vinay Patel and Mr. Sagar Samir Shah
LISTINGS
Nse,emerge
BRLMs
MONARCH NETWORTH CAPITAL LIMITED
REGISTRAR
BIGSHARE SERVICES PRIVATE LIMITED



Remarks : Poor fundamentals, track record.

SIS stock zooms on good numbers

Shares of Security and Intelligence Services zoomed by 15% in yesterday's trading. The stock closed at Rs 1035, up Rs 135. 

The company's profit rose to Rs. 58 crore in the Sept quarter, from Rs. 14 crore in the year-ago quarter.

Total revenue rose to Rs. 1,460 crore, as against revenue of Rs 1076 cr reported last year.

Crisil : NBFCs fortunes on the up trend

Image result for crisil


According to rating agency Crisil, Non-banking finance companies (NBFCs) will continue to take away market share from banks in the next three years led by lending to mid-sized companies linked to real estate and infrastructure like roads increasing their share in the Indian credit market by 300 basis points to 19 per cent. 

The share of NBFCs in total credit in India has increased to 16 per cent from 13 per cent between the fiscal year ended March 2013 and 2017. 

The performance of NBFCs has been resilient so far due to their solid understanding of customers, track record of product innovation, efficient delivery systems, and differentiated value proposition. The challenge is balancing the risk-reward ratio as increasing competition puts pressure on yields says Crisil.

Sebi fines Aditya Birla Money

Sebi has imposed a fine of Rs 10 lakh on Aditya Birla Money Ltd for violating norms of stock brokers.

Sebi conducted an inspection of books and records of the broker from April 2010 to August 2011 to ascertain whether it had carried unregistered PMS activities, before obtaining registration as PMS in July 2010, through its 'Option Maxima Strategy'.

Thursday, November 23, 2017

Ma Huateng overtakes Larry Page as 9th richestman

Image result for tencent

 According to Forbes magazine, Ma Huateng, the CEO of WeChat is the 9th richest man in the world. The magazine has valued him at $48.3bn, more than that of founders of Google, Larry Page and Sergey Brin. WeChat is owned by Chinese internet giant, Tencent. Tencent's subsidiaries provide media, entertainment, social network, payment systems, smartphones, internet-related services, value-added services, e-commerce, artificial intelligence and property services.

Tencent's market cap is in excess of $ 500 billions.

FirstChoiceIPO ups target on Nvidia

FirstChoiceIPO has upwardly revised the target for Nvidia. The medium term target is $ 255, as against the current price of $215. The chipmaker is likely to report an increase of over 50% in revenues for fiscal 2019. The industry is expected to grow at 25%.The estimated EPS will be in excess of $ 6 for full year. Currently the stock is trading at 54 PE.  On the expected revenue, profitability for the next year, even if the stock quotes at a reasonable PE of 40, the bullet proof stock will cross $250 mark.

Know your BRLM : IIFL Holdings


Sl no
Name of the company
IPO price
CMP
FirstChoiceIPO recommendations
1
SIS
815
905
Invest
2
Dixon tech
1766
3100
Avoid
3
Capacit’e
250
373
Avoid
4
ICICI Lombard
661
669
Invest
5
India Energy
1650
1565
Avoid
6
Reliance Nippon
252
270
Invest
7
HDFC Standard Life
290
394
Invest

Know your BRLM : SBI Capital Markets

SBI Capital Markets has managed 6 IPOs in 2017, so far. Out of this 5 IPOs are trading above the offer price.
FirstChoiceIPO's recommendations was right in respect of 5 IPOs out of six. 

Sl no
Name of the company
IPO price
CMP
FirstChoiceIPO recommendations
1
Music Broadcast
806
950
Invest
2
Avenue Super Markets
299
1138
Avoid
3
Hudco
61
83
Invest
4
CDSL
149
358
Invest
5
Cochin Shipyard
432
570
Invest
6
SBI Life
700
693
Avoid

Wednesday, November 22, 2017

IPO ANALYSIS : Zodiac Energy Limited - Avoid


ISSUE DETAILS :



Issue opens / closes on

23-11 / 27-11-2017
Issue Size
19,50,000 equity shares
Face Value
Rs 10
Price
Rs 52

BUSINESS

Energy solutions provider
Promoters
Kunj Bihari Shah,Jugal  Kishore Shah
LISTINGS
Nse,emerge
BRLMs
Swastika Investmart Limited
REGISTRAR
Link Intime


Remarks : Poor fundamentals.