See strong FY17 AUM growth; small bank launch in 2016: Equitas The company has applied for final license recently and is working to get its infrastructure in place, says PN Vasudevan, MD of Equitas Holdings.
Equitas Holding'' s net profit rose 28.2 percent at Rs 46.8 crore versus Rs 36.5 crore in the fourth quarter last foscal. In an interview to CNBC-TV18, PN Vasudevan, MD of the company, said he expects steady growth in FY17 to come across all segments. He is of the view that Equitas is likely to get AUM) growth in the current fiscal. However, he believes the major challenge that remains is managing the risks involved in the business rather than its growth. The company, he added, has applied for final license recently and is working to get its infrastructure in place.
Read more at: http://www.moneycontrol.com/news/results-boardroom/see-strong-fy17-aum-growth-small-bank-launch2016-equitas_6579861.html?utm_source=ref_article
Equitas Holdings Limited IPO Fii are in no hurry to start buying aggressively in equitas as some fools investors thinking so, they enter only when weaker heart exit on panic selloff or prices falls below 100 or ipo labels
Again open at higher range and because of huge selling pressure emerge at these level put price at lower level..150 technically is a big hurdle for equitas lets see if it able to breaks it or not
Equitas Holdings Ltd has informed BSE that the Company`s subsidiary company, Equitas Finance Limited (EFL) has obtained Certificate of Registration dated May 05, 2016 to act as Corporate Agent (Composite) from Insurance Regulatory and Development Authority of India (IRDA). Also, EFL has entered into corporate agency agreements with ICICI Prudential Life Insurance Company Ltd, Reliance Life Insurance Company Ltd and Apollo Munich Health Insurance Company Limited for soliciting insurance business on behalf of insurer
I pooh pooh those who say equitas will go down after such stellar results. Expect the share to move up 3 to 5% up today meaning 4 to 7 ruupees up. Range- 148 to 152. So enjoy gains. Will discuss this after market closes. Ignore those who say it will move down.
Okay sir, sorry to hear that. Wishing her speedy recovery..I have heard about motor neuron cervicalgia. From my place, my aunt had been going to NIMHANS Bangalore for neuro-related disorders. She had something called "trigeminal neuralgia" (pain in 5th cranial nerve)
Scrip with strong fundamentals and strategy will always shine in the long run. Dont worry about small dips now and then. Stay invested and see every dip as a.buying opportunity.
Hamare group me itne sare C.A. maujud he . Pl.koe to batao e.h.l. ka result aya he to uska kal kya asar hoga positive or negative Bhai hum to aisa kuch padhe nahi is liye Aap se punchh rahe he dhanyavad.
Thanx khemka I m not asking for prediction I m asking about result effect
1883.3. Arup| Link| Bookmark|
May 8, 2016 11:02:09 AM
(900+ Posts, 300+ Likes)
dvm dvmji, we see after good result many script go down against mkt expactation,equitas will go 4%down on monday,my view .dont mind if i wrong.
1883.4. Khemka| Link| Bookmark|
May 8, 2016 11:12:45 AM
(1000+ Posts, 400+ Likes)
Effect and prediction are both part of same coin , results seems bellow expectations of 70- 80 % Although i am earning every day on trading equitas . Its my favorite counter
1883.5. Eagleye| Link| Bookmark|
May 8, 2016 11:48:38 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Result ka effect ... kal kya hoga nahi pata ... but target 200/- by Diwali''16 pucca
i don''t think, it can go down 4% lower by Monday closing. 1. It can go down for intraday, but 4% i doubt. 2. Chances for going up is more as...
a. Result is good... b. Only good news are waiting for this stock in days to come... b. Stock price has not moved in fast manner before it''s result... c. On technical though there is just 11 trading days data) till date, it is showing strength only... So remain invested is the key, till it gives us decent gain...
will discuss after Monday closing
1883.7. Eagleye| Link| Bookmark|
May 9, 2016 8:55:39 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Septa sir and other boarders I have invested heavily in rural electrification corporation and tata sponge iron ...what is your view on these Two stocks ? Will exit Suzlon soon now ....
Without naming anyone that equitas will b down by 4% is absolutely right and quite reasonable and it is healthy if it happens in the start and around 11 this is usually trader''s strategy of pushing the scrip high Otherwise scrip has the tendency to reach and breach165 shortly
Some one on this board says that , market will punish Equitas with this good results. Assumption by Khemka ji, arup ji etc. But one thing certain that, i would be net buyer on this script on each dip. Even any value investor , who understand the basics of investing will purchase this. Arup ji and khemka ji, i request u sale ur holdings if any, at lower level, so that i can purchase this.
1878.1. Septa| Link| Bookmark|
May 8, 2016 12:51:44 AM
(4000+ Posts, 4600+ Likes)
some people just like to say something different if the whole world say right they will say left same world says left after sometime they will say right this time.... so just ignore.... sometime the prediction comes right most time wrong. I always say wealth is created in long term change money is created in short term...... I like money but wealth creation is my goal....
22 years ago as a young CA i took my first job in L&T in bangalore office in three months i returned home not bcoz i did not like my JOB i wanted to create wealth not earn money...
Thanks sir for sharing ur views. 3 years back, after completing my CA , i had joined a leading PSU as Senior Manager due to family issues. My family needs me to support them. I am not able to go in practice being it requires much time and money to establish yourself. I hv no regret yet and also enjoying my knowledge by being active in market with my savings. By the way, how would u feel about satin creditcare (5th largest MFI in india). Everything looks goods , except promoter stake is 38% , which is too high considering MFI business.
1878.3. SONMAYA| Link| Bookmark|
May 8, 2016 2:03:09 AM
IPO Guru (1300+ Posts, 500+ Likes)
Nice discussion.by both....really...impressed....
1878.4. SONMAYA| Link| Bookmark|
May 8, 2016 2:18:57 AM
IPO Guru (1300+ Posts, 500+ Likes)
Dear septa,but when big gun says. Something..uski bataon .mein vajud hota Hai..
SCCANNER,I NEVER SOLD EQUITAS BEFORE DEC''16,ADD MORE ON DIP,AS GURUJI [SEPTA] WILL DONE.PLZ READ CAREFULLY ,TN POST UR VIEW.EQUITAS IS GIVE GOOD RETURN IN LONG TERM NOT IN MONDAY.SEPTAJI I M BIG FOLLOWER OF U ,BUT THIS TIME I REALLY HARTED.
SCCANNER,I NEVER SOLD EQUITAS BEFORE DEC''16,ADD MORE ON DIP,AS GURUJI [SEPTA] WILL DONE.PLZ READ CAREFULLY ,TN POST UR VIEW.EQUITAS IS GIVE GOOD RETURN IN LONG TERM NOT IN MONDAY.SEPTAJI I M BIG FOLLOWER OF U ,BUT THIS TIME I REALLY HARTED.
Hold tight Equitas Traders will trap u to snatch Ur holdings Like Dr Lal path from 850 down to 696 Then up .....1045 Keep confidence and if possible buy at dip
Business of Dr lal and thyrocare is different and market is presently rewarding them higher PE multiple but this will not happen in future. Certainly not. They certainly test lower level, not seen before, when market is not rosy , as like present. We had seen d similar case , with S H Kelkar. It is market darling at that time. I had sold my allotment holding at 250 per share (being i am not convinced with PE multiple of 50) . it touches high of 275 and again see downwards upto the level of 216. I had not been allotted thyrocare, but if allotted, i would leave d ship on 800/- per share and would not greed for more.
At 625 I am seller given it down marketing company so with weak price margin will be effect revenue however with more outlet and more direct home connection may negate this issue.
If IPO is price at 485 one should apply and flip at 600 for 15% return will be good retail play given the size of the issue