The stock has broken out of its triangle formation last at 350 as belo

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

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

L&T Finance Holdings is a diversified NBFC gaining attention from investors in recent times

L&T Finance Holdings operates in following business verticals Retail Finance, Corporate Finance, Housing Finance, Infrastructure Finance and Investment Management with stong franchise

The stock started in uptrend during march 2016 and moved from 50 to 110 on nov 2016

And corrected to the level of 86 and again started moving upwards

This stock broken it’s all time high and going strong

The sales growth getting momentum with 23.21%  per annum in the past three years

The sales growth has been converted to net profit growth of 13.43% per annum in last 3 Years

The stock is in third wave of uptrend once can buy stock around 120 levels with 103 as SL

All the views and contents mentioned in this site are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures.

Stock Recommendation: Buy V2RETAIL between 190-200

V2RETAIL is the one the stock which has give immense return to investors in the past 2.5 years

It has moved from 10-190 during 2014-2016 period

Technically this stock is making it’s 52 week high and making new highs and broken its previous resistance last week and closed in green this week also so stock in trending phase

So it’s time buy and enjoy ride the uptrend

One can initiate buy around 195 levels with stop loss of 160

This company is turnaround company, there is a huge improvement in the netprofit from the year 2011 and positive trend expected to continue