Weekly Stock Recommendation [25-10-2021 to 29-10-2021]
Script Name Call No Buy/Sell CMP Buy upto 1st Target 2nd Target Stop Loss High/Low Remark
SBIN W-1 Buy 502.95 498 508 513++ 494 513.50 2nd Target Hit
ICICIBANK W-2 Buy 759.30 752 768 775++ 745 867 2nd Target Hit
RELIANCE W-3 Buy 2627.40 2610 2690 2720++ 2600 2680 -
AXISBANK W-4 Buy 816.70 805 828 832++ 800 855 2nd Target Hit
JUBLFOOD W-5 Buy 3701.25 3650 3789 3820++ 3630 - 2nd Target Hit
LT W-6 Buy 1792.25 1780 1828 1840++ 1765 - -
SBICARD W-7 Buy 1129.50 1115 1145 1160++ 1100 1148 1st Target Hit
TVSMOTOR W-8 Buy 619.80 604 630 639++ 598 - only Risk Trader
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Monte Carlo Fashions Limited Buy-Back Details

Oswal Woollen Mills Ltd., the flagship company of Nahar group began its operations in 1949 in Ludhiana. Initial focus was on hosiery and textile fabrics; in 1972 it set up its wool combing unit sensing the huge business opportunity in the domestic readymade knitwear. Initially having expertise in hosiery and woollens it was in 1984 when Monte Carlo was launched as a brand, which was a significant step in the evolution of branded garment industry in India. Since then, it has been catering to the ever-growing demands of the Clothing and Fashion industry, in India.

Being the market leader and enjoying wide spread recognition in the woolen segment, the flagship Company, OWM in order to make Monte Carlo an all season brand and to capitalize on the brand name, entered into cotton segments. In order to have a more focused approach to the Monte Carlo business, the readymade garment business was demerged from Oswal Woolen Mills to Monte Carlo Fashions Limited in the year 2011-12 and Vanaik Spinning Mills Limited was selected as its franchisee and to look after of its Ecommerce business
Monte Carlo Fashions Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal 30-11-2018
Date of Buyback Approval 30-11-2018
Date Public Announcement of Buyback 30-11-2018
Buyback Type Tender Offer
Buyback Record Date 22-02-2019
Buyback Opening Date -
Buyback Closing Date -
Buyback Amount ₹ 55 Cr
Buyback Number of Share 10,00,000
Buyback Price ₹ 550 Per Share
Face Value ₹ 10
Holding Time 3 Months
- -
Profit acceptance Ratio
Buy 363 Shares at CMP ₹ 388 [2,00,000/550= 363]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 388 ₹ 388 ₹ 388 ₹ 388
Amount Invested in Buyback ₹ 1,40,844 ₹ 1,40,844 ₹ 1,40,844 ₹ 1,40,844
No. of Shares Buy 363 363 363 363
Earning Per Share ₹ 162 ₹ 162 ₹ 162 ₹ 162
No. of Shares Buy-Back 120 182 272 363
BuyBack Profit ₹ 19405 ₹ 29403 ₹ 44104 ₹ 58806
Profit(%) - % - % - % - %
Monte Carlo Fashions Limited Contact Details
Monte Carlo Fashions Limited
B-XXIX-106, G.T. Road, Sherpur, 
Ludhiana-141003, Punjab
Phone No. :
Toll Free Help line : 1800-1800-501(9am to 7pm)
E-mail: info@montecarlo.in
Website: www.montecarlo.in
Registrar of Monte Carlo Fashions Limited
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