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 a 3-Bagger stock for our Hidden Gems members who invested in it 2 years back. 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 and we informed our members to continue to hold it. Visaka Industries stock has made its 52 week high of Rs. 392.05 on NSE today and closed at Rs. 385.85 giving absolute returns of 201% to our Hidden Gems members within period of 2 years.
In Mar'17 quarter, net profit of Visaka Industries rose 11.98% to Rs 10.00 crore against Rs 8.93 crore during the previous quarter ended March 2016. Sales declined 7.68% to Rs 252.86 crore in the quarter ended March 2017 as against Rs 273.89 crore during the previous quarter ended March 2016.
For the full year, net profit rose 66.94% to Rs 40.80 crore in the year ended March 2017 as against Rs 24.44 crore during the previous year ended March 2016. Sales declined 3.30% to Rs 956.85 crore in the year ended March 2017 as against Rs 989.55 crore during the previous year ended March 2016.
Below is the summary of Visaka Industries Ltd shared by our team under Hidden Gem stock of June'15 released on 05th July 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