Buy Inox Leisure
As per the technical charts, the day traders can purchase Inox Leisure stock with a stop loss of Rs 130 to achieve an upper resistant intraday target of Rs 142. The stock has down support of Rs 126.
If the stock market remains positive, the Inox Leisure stock could easily touch its next intraday target of about Rs 146.
The stock marked its closure at Rs 131.05 on Monday (18 Feb). It stock has seen a 52-week high of Rs 241.7 and a low of Rs 102 on BSE.
Multiplex chain operator Inox Leisure has announced 30.23% increase in net profit to Rs 62.90 million for the quarter ended December
2007 as against Rs 48.30 million in the same quarter, last year.
Net sales during the quarter augmented 41.50% to Rs 598.00 million as compared with Rs 422.60 million in the corresponding quarter, a year ago.
Total income increased 41.98% to Rs 608.10 million as against Rs 428.30 million in the same quarter, a year ago.
The earnings per share (EPS) stood at Rs 1.02 for December 2007 quarter.
Inox Leisure, a subsidiary of Gujarat Flurochemicals, is the diversification venture of the Inox group. The company operates 22 multiplexes with a total of 76 screens in 17 cities.
