Recommendation From Realty And Finance Sector

The scrips in this column have been recommended  with a 15-day investment horizon in mind and carry high risk. Therefore, investors  are advised to take into account their risk appetite before investing,  as fundamentals may or may not back the recommendations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              .....

VARDHAMAN HOLDINGS

CMP: Rs. 3177 BSE Code: 500439

Volume: 1226103 Face Value: Rs.10

Vardhman Holdings Limited operates as a non-banking finance company. The company is engaged in lending and investment activities. The company’s strategy is to adopt a systematic approach to investment in different asset classes, namely, debt, equity and real estate to keep the portfolio dynamic as per changing market condition. The company’s current portfolio consists of investment into debt, equity, real estate. The company’s net profit rose 578.08% to Rs.169.79 crore in Q4FY17 as against Rs. 25.04 crore on quarterly basis, whereas for the full year, its net profit rose 277.10% to Rs.181.65 crore FY17 as against Rs. 48.17 crore on a yearly basis. The company's income rose 550.32% to Rs.173.05 crore in Q4FY17 as against Rs.26.61 crore on a quarterly basis, whereas for the full year its income rose 260.61% to Rs. 186.94 crore in the FY17 as against Rs. 51.84 crore on a yearly basis.

VASCON ENGINEERS

CMP: Rs. 51.20 BSE Code: 533156

Volume: 19584933 Face Value: Rs.10

Vascon Engineers Limited is an engineering, procurement and construction (EPC) company. The company's principal activities include real estate development, hospitality, and manufacturing and building management system (BMS). The EPC business is growing strong with a focus on diversified order book across segments. The company has formulated stringent criteria for selection of clients and intends to work with reputed developers with better credential. The company’s revenue rose 200.68% to Rs.159.12 crore in Q3FY17 as against Rs.52.92 crore in previous quarter, whereas it rose by 118.45% for Q3FY17 on 9-monthly basis. The company’s PAT rose by 202.29% to Rs.2.63 crore in Q3FY17, as against Rs.0.87 crore in the previous quarter. The  PAT in Q3FY17 increased by 60.36% on 9-monthly basis.Its PBDT increased 101.73% to Rs.10.45 crore in Q3FY17 as compared to Rs.5.18 crore in the previous quarter, while it has increased by 141.33% in Q3FY17 on a 9-monthly basis.