MoneyMaker Research News - Stocks Tips: Pharma stocks gain

Pharma stocks in Nifty opened on Thursday in a positive note, trading higher by 1.43 percent at 8,738 levels on NSE in the morning hours, with Cadila Healthcare moving the top gainer in the index, by 4.94%.

Divi’s Lab was trading higher by 2.81 percent at Rs 656 per share, also Sun Pharma soared by 2.02% at Rs 478 per share. Lupin was trading up by 1.56%, Aurobindo Pharma higher by 1.25% and Cipla was up by 1.06% among others, while Dr Reddy Laboratoreis’s was the top loser in the index, down by 0.38% at Rs 2,023 per share and Glaxo Smith Kline was trading lower by 0.35% at Rs 2,382 per share.

Meanwhile, the benchmark indices Nifty was trading up by 0.6% at 9,858 levels and Sensex was trading higher by 16 points at 31,583 levels at 10.50 am, today. Indian rupee opened at 64.03 per dollar and was trading at 64.07 per dollar, up 0.07 percent from its last close of 64.11.

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Shares DLF (Real Estate Company) rose over 7% on Wednesday after company’s announcement that it will hold a board meeting on 25 August to decide on promoters’ proposal to sell their 40 percent stake to GIC in a deal estimated at about Rs 13,000 crore. The stock gained 7.87% to the day’s high of Rs 189.1 on NSE.

Stock Pulse: Benchmark indices were trading in positive terrain while showing marginal slip after morning gains. Nifty still trading over 9,800 level and Sensex still up over 100 points. Shares of Infosys Ltd were topping the charts as most active stocks in terms of value followed by realty stock DLF. Meantime, Nifty PSU Bank is one of the major stocks on NSE, which was trading up by 1.11% at 3,268 level. OBC is the top index gainer trading higher by 2.76% at Rs 122.95 per share.

IPO Subscription: IPO of Apex Frozen Foods got subscribed by 55 percent on its second day of subscription as per NSE data. The total issue volume stands at 62,10,000 shares. Total bids got by the IPO stood at 34,36,080.

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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.