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Retail stocks are trading jubilant after government pushed through the move to allow foreign direct investment in multi-brand retail. However, approving 51% FDI in retail, the Centre said it will be up to the state governments to decide whether they want to implement FDI in retail in their respective states. FDI in multi-brand retail has many pre-conditions as the minimum FDI limit has been set at $100 million. Half of any investments have to be made in infrastructure like cold-storage chains and warehouses. This is designed to help the agricultural sector and India has a severe shortage of these.
Pantaloon Retail (India) is currently trading at Rs 185.10, up by 27.50 points or 17.45% from its previous closing of Rs 157.60 on the BSE. The scrip opened at Rs. 158.85 and has touched a high and low of Rs 209.00 and Rs 155.00 respectively. So far 1769491 shares were traded on the counter.
Shoppers Stop is currently trading at Rs 398.90, up by 38.50 points or 10.68% from its previous closing of Rs 360.40 on the BSE. The scrip opened at Rs 378.65 and has touched a high and low of Rs 415.15 and Rs 378.00 respectively. So far 150509 shares were traded on the counter.
Provogue (India) is currently trading at Rs. 17.72, up by 1.68 points or 10.47% from its previous closing of Rs 16.04 on the BSE. The scrip opened at Rs 18.80 and has touched a high and low of Rs 18.90 and Rs 17.55 respectively. So far 430761 shares were traded on the counter.
Trent is currently trading at Rs 1157.10, up by 69.70 points or 6.41% from its previous closing of Rs 1087.40 on the BSE. The scrip opened at Rs 1145.00 and has touched a high and low of Rs 1260.00 and Rs 1135.65 respectively. So far 23405 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 4349.60 |
| Trent | 4676.65 |
| Aditya Birla Fashion | 292.65 |
| Future Retail | 2.31 |
| Electronics Mart Ind | 209.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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