Broker’s Call: TVS Motor (Add)

Choice International consolidated net profit rises 2.35% in the December 2022 quarter

Some companies, such as Heritage Foods, Sandur Manganese, PTC Industries, Choice International, and Suzlon Energy, have recently offered rights issues at 40-95% discounts to the prevailing market prices. In some of them, the retail investors’ portion was not fully subscribed.

Rights issues at deep discount could be a good bet for investors

Broker’s Call: Axis Bank (Buy)

Choice International consolidated net profit declines 29.83% in the September 2022 quarter

Choice International Ltd is a small cap company with a financial services industry operation and a market valuation of ₹2,340.27 crore

Multibagger stock of 2022 fixes record date for 1:1 bonus shares: Do you own?

Paid-up share capital will increase to ₹99.52 crore

Choice International sets Sept 23 as record date for 1:1 bonus

Choice International Ltd is a small company that is engaged in various financial services with a market cap of ₹2,141.50 Cr. The Board of the company has recommended a bonus share issue in the ratio of 1:1.

Board of this small-cap stock recommends bonus shares in 1:1 ratio

The company last week allotted 60,19,642 fully paid-up rights equity shares to the Madhusudan Murlidhar Kela & PACs

Madhu Kela raises stake in fintech firm Choice International Ltd to 12.15 per cent

1. Rights Issue Size :The committee has noted the reduction in the proposed Rights Issue Size from Rs. 60 crore to Rs.50.75 crore.

Choice International announces details for rights issue

The Company shall soon apply for the applicable licenses to conduct the activities.

Choice International incorporates wholly owned subsidiary ‘Choice Housing Finance’; Stock sheds 3%

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Choice International is an India-based financial service conglomerate company.