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.
The company is currently trading at 38.06x of TTM eps of Rs 9.72. Looking at increase in production capabilities, decent financials & strong industry outlook, we recommend “Buy” on the stock with for a target implying an outside of 30% for long term investment.
They have a healthy balance sheet with total net worth of Rs 44.6 billion and a solvency ratio of 200.5% as at September 30, 2017, above the minimum 150.0% solvency ratio required un-der IRDAI regulations.
Co is bringing the issue at price band of Rs 425-429/share on post issue annualized Q1FY18 eps at p/e multiple of 50.Co being the Mahindra brand, operates an “asset-light” business model has presence across diverse industry verticals with long-standing client relationships.
At price band of Rs 456-459/share ,co is bringing the issue at p/b multiple of 4.04x on post issue book value.As fundamentals of this co sounds good . Hence, we recommend " Subscribe" on issue.
According to the FS Report, the company was one of the top six Indian snack food companies in terms of revenues in 2016, and among the fast-est growing companies in the Indian organised snack market be-tween 2010 and 2016.
Company is bringing the issue at p/e multiple of 55-56 on post issue Q1FY18 annualized eps of Rs 12.54. We recommend "Subscribe” on issue for long term.
The company's market leadership with diverse product line , multi-channel distribution network & strong investment returns on a diversified portfolio makes it suitable candidate for investment. Hence we recommend "Subscribe" on issue.
The company works for a number of reputed clients and are associated with some marquee construction projects in India. It is a fast growing construction company focused on Residential, Commercial and Institutional buildings.
The company has posted strong numbers in Q1FY18 with whopping jump of 17% in topline as compare to Q1FY17 while bottomline of company has witnessed stellar rise of more than 74% on YoY basis in Q1FY18. Buy for medium to long term investment.
The company is bringing the issue at price band of Rs 195-205/share . Due to poor financials & low growth, at present co is not looking attractive investment opportunity. Hence we recommend 'Avoid' on issue.