The Hem Group (www.hemonline.com) is one of the leading broking Network in India. It provides trading platform in all the leading exchanges namely - BSE, NSE, MCX , NCDEX & MCX-SX. Their mission is to build wealth for their investors by offering them best financial services through trading & investment strategies and honoring commitment with ethical & transparent business practices.
Company has posted strong set of numbers in Q3FY18 with bottomline of company surging by almost more than 90% at Rs 69.81 Cr against Rs 35.89 Cr in Q3FY17. The rise was on account of increase in volumes and cost efficiency.
Company is bringing the issue at price band of Rs 180-190 /sh at EV/EBIDTA multiple of 34-35. Although co’s business looks attractive but losses in H1FY18 with weak financial performance in FY17 & high valuation at current level fails to infuse optimism in company , hence we recommend “Avoid” on issue .
The company is bringing the issue at p/e multiple of 35 on annualized H1FY18 eps at higher price band of Rs 1470-1480/share. Co being established global supplier to major FMCG brands with demonstrated track record has robust product portfolio & proven R&D capabilities with strong presence in high growth markets of India and AMET region. Subscribe.
The co is bringing the issue at p/e multiple of 33 on FY17 eps of Rs 8.26 at higher price band of Rs 240-245/share. Looking after financials of co we recommend “Long Term Subscribe” on it.
Co being market leader in RAC OEM/ODM industry in India have reputed clientele with strong track record of financial performance.Looking after strong future prospects of co with decent fundamentals, , we recommend “Subscribe” on issue.
Virinchi aims to build a niche thought-leadership position in the international markets within the fintech and healthcare domains.Co with strong management team has shown robust financial performance.
Along with it reasonable valuation at current level makes it strong investment candidate. Hence , we recommend “Buy” on the stock with price target of Rs 390(appreciation of almost 30%) for long term investment.
Co being one of the largest service providers with an extensive network of facilities in a fast-growing third-party logistics market is looking attractive for long term investment. Hence we recommend “Subscribe” on issue for long term .
Company is bringing the issue at price band of Rs 245-248 /share at p/e multiple of 46-47. Hence, we recommend "Subscribe” on issue for long term.
During Q2FY18, co has posted strong growth in its topline as well as bottomline. On YoY basis , co has shown decent jump of almost 17% in its topline at Rs 202 Cr in Q2FY18 from Rs 172 Cr in Q2FY17.