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Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.
Muthoot Finance is headed towards Rs 1,700 levels
Pace of new customer addition is slowing; lending to existing customers is on the rise
Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. Charts indicate more headroom from the current levels
Shares of India's largest cash-for-gold lender have surged 71 per cent this year, the third-biggest gain on a gauge of the nation's top 200 firms
The company reported a healthy 41 per cent year-on-year (YoY) growth in profit before tax (PBT) at Rs 1,047 crore for September quarter (Q2FY20), on the back of strong operational income.
The stock hit a fresh 52-week high of Rs 512, was 3% away from its record high level of Rs 526 touched on September 13, 2017, on the BSE in intra-day trade.