Happy to come up with another Stock Recommendation for this week
We would like recommend IIFL Holdings Ltd at 390
Rational: Growth momentum
Business:
IIFL Holdings Limited is a holding company which involves in Mutual fund based activity, financial product distribution, capital market activity
Below is Financial high lights:
5 years Compounded Sales Growth:22%
5 Years Compounded Profit Growth:18%
Quarterly growth:
From the below table you can understand there is a consistent QOQ growth in net profit
| Mar-15 | Jun-15 | Sep-15 | Dec-15 | Mar-16 | Jun-16 | Sep-16 | Dec-16 | |
| Sales | 1,005.51 | 905.81 | 967.39 | 981.91 | 1,096.65 | 1,026.63 | 1,214.26 | 1,270.54 |
| Net Profit | 131.68 | 107.65 | 140.39 | 126.69 | 136.45 | 137.54 | 183.12 | 179.07 |
| QOQ Sales Growth | 9.06 | 13.338338 | 25.51918 | 29.394751 | ||||
| QOQ Profit growth | 3.62 | 27.765908 | 30.436641 | 41.345015 | ||||
Technical analysis:
I don’t wanted to write too much in technical parameters but few points to be noted are stock is making new highs and there is momentum in uptrend is picking up
Below chart can depict the strong uptrend
