We are pleased to inform you that our Hidden Gem stock of June 2015 - Visaka Industries Ltd (BSE Code: 509055, NSE Code: VISAKAIND) which was released on 05th July'15 is giving as on date returns of 160% to our Hidden Gems members. Our team suggested Buy on Visaka Industries Ltd at price of Rs. 128.15 on 05 July 2015 with a target price of Rs. 240. Stock has already achieved its target price during this year and we informed our members to continue to hold it. Visaka Industries stock has made its 52 week high of Rs. 354 today and closed at Rs. 332.75 giving absolute returns of 160% to our Hidden Gems members in period of 1 year and 10 months.
In Dec'16 quarter, net profit of Visaka Industries rose 385.59% to Rs 5.39 crore against Rs 1.11 crore during the previous quarter ended Dec 2015. Sales declined 3.51% to Rs 200.97 crore in the quarter ended Dec 2016 as against Rs 208.27 crore during the previous quarter ended Dec 2015.
- 70% at current market price of 128.15
- 30% at price range of 100-110 (in case of correction in stock price in near term)
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Wish you happy & safe Investing.
Team - Saral Gyan