Company Overview and News
The Nifty50 Index traded above the 10,050 mark in the afternoon session gaining 69 points while the Sensex was up over 200 points. The midcap index was up 0.5 percent aided by stocks like Apollo Tyres, Jaiprakash Associates and Mcleod Russel. HDFC Bank and Axis Bank along with IndusInd Bank were the only stocks in the banking Index which were in the green. (26-0)
The Chennai based couple Dolly Khanna and Rajiv Khanna have an eye to spot multibagger stocks. Rajiv Khanna, who invests in the name of his wife Dolly, has a portfolio of 20 securities at the end of June quarter, according to data compiled by Capitaline.
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Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
Speciality Restaurants has entered into a franchise agreement with Resolute Restaurant Management LLC granting the right to the franchisee to open three restaurants under its brand name Mainland China Asia Kitchen in the United Arab Emirates within the time stipulated in the agreement. The first franchise restaurant will be opened at Burjuman Mall, New Wing, Dubai, UAE. The company will manage the day-to-day operations of the restaurant and charge franchise fees and management fees in accordance with the terms of the franchise agreement.
Over a dozen companies will announce their financial performance for the quarter and year-ended March 2017 on Saturday.
Investors who were willing to take on higher risk and invest in mid- and small-cap stocks should have reaped good returns in 2016-17. The S&P BSE Mid and Small Cap Index gained 34 per cent in this period.
In an otherwise overheated market, it is difficult to find a company that is in the right business at the right price – I G Petrochemicals happens to be one such interesting name. The company caters to the high growing segment of plastics. While the stock had a stellar run, the valuation still looks reasonable. Finally, the company has invested in improving growth and margin that stand to support earnings.