Buy Koutons Retail at current level: Karvy Stock Broking
Ambreesh Baliga of Karvy Stock Broking suggests one can buy Koutons Retail India at these levels.
Baliga told CNBC-TV18, “I have been tracking Koutons Retail India for a while because of all the issues pertaining to this company especially the loans and the sort of so called defaults and there seems to have been margin calls, this is what the market rumor is because of which we have seen this sort of a fall in the stock but at least today its got arrested. But fundamentally speaking in spite of all the issues which the company has the basic model of the company is still workable, although people have been comparing it with Vishal Retails and Subhiksha, I don’t think that’s the way this company will go because the basic model itself seems fine, it seems workable. I think once the finances are sorted out at these levels it makes a lot of sense I think one can still take a risk at these levels which is nearly 50% of the levels it was quoting around 3 weeks back. So at these levels I would be a buyer."
Ambit Finvest Private Limited sold 2,61,187 shares of Koutons Retail at Rs 141.64 a share; Caparo Financial Solutions sold 2,01,670 shares at Rs 151.09; India Infoline Investment Services Pvt Ltd sold 1,75,000 shares at Rs 139.65 and Rapid Credit & Holdings sold 2.25 lakh shares at Rs 140.05 on Monday.
Published on Mon, Oct 04, 2010 at 19:10 | Updated at Mon, Oct 04, 2010 at 20:11 | Source : CNBC-TV18
Ambreesh Baliga of Karvy Stock Broking suggests one can buy Koutons Retail India at these levels.
Baliga told CNBC-TV18, “I have been tracking Koutons Retail India for a while because of all the issues pertaining to this company especially the loans and the sort of so called defaults and there seems to have been margin calls, this is what the market rumor is because of which we have seen this sort of a fall in the stock but at least today its got arrested. But fundamentally speaking in spite of all the issues which the company has the basic model of the company is still workable, although people have been comparing it with Vishal Retails and Subhiksha, I don’t think that’s the way this company will go because the basic model itself seems fine, it seems workable. I think once the finances are sorted out at these levels it makes a lot of sense I think one can still take a risk at these levels which is nearly 50% of the levels it was quoting around 3 weeks back. So at these levels I would be a buyer."
India Info, ING Vysya, Karvy sell 11.3 lk shares of Koutons
Published on Tue, Oct 05, 2010 at 15:11 | Updated at Tue, Oct 05, 2010 at 15:18 | Source : Moneycontrol.com
Ambit Finvest Private Limited sold 2,61,187 shares of Koutons Retail at Rs 141.64 a share; Caparo Financial Solutions sold 2,01,670 shares at Rs 151.09; India Infoline Investment Services Pvt Ltd sold 1,75,000 shares at Rs 139.65 and Rapid Credit & Holdings sold 2.25 lakh shares at Rs 140.05 on Monday.
ING Vysya Life Insurance Company sold 293,976 shares at Rs 146.94 and 298,738 shares at Rs 147.38 a share on Monday. Karvy Financial Services sold 2.05 lakh shares at Rs 140.23 and Karvy Financial Services 153,800 share at Rs 140.55.
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