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Review By ARM Research Pvt. Ltd. on April 26, 2011
FVIL is the part future group which is led by Kishore Biyani. It seek to create build, acquire, invest in and operate innovative and emerging businesses in growing 'consumption- led' sectors in India. This sector growth is depended on the growing purchasing power of Indian consumers and their changing lifestyle and spending habits. Within this consumption- led segment, it intends to focus primarily on (i) Fashion (ii) FMCG (iii) Food processing (iv) Home Products (v) Rural distribution and (vi) Vocational education.
In addition to allocating and providing capital, it intends to operationally mange and strategically mentors these businesses.
P/B ratio is currently at 1.23x multiples on the higher band of IPO price & 1.12x on lower end of IPO price. The Book value of MFL is Rs 8.94 as on 31th Dec, 2010.
We recommend short Investors with high risk appetite to "subscribe" for listing gains while long term investors are advised to hold the stock for 3 years duration since FVIL can prove to be a "Multi bagger stock" and can give phenomenal returns.
Review By ARM Research Pvt. Ltd. on April 26, 2011
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