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 nearly a 5-Bagger stock for our Hidden Gems members who invested in it 3 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 achieved its target price and we informed our members to continue to hold it. Moreover, we informed our Hidden Gems and Wealth-Builder members to add the stock again at higher levels last year. Visaka Industries stock has made its 52 week high of Rs. 838.60 on 15th Jan'18 and currently trading at Rs. 610 giving absolute returns of 380% to our Hidden Gems members in period of 3 years.
In Jun'18 quarter, net profit of Visaka Industries rose 32.14% to Rs 30.34 crore against Rs 22.96 crore during the previous quarter ended June 2017. Sales rose 11.79% to Rs 345.69 crore in the quarter ended June 2018 as against Rs 309.23 crore during the previous quarter ended June 2017.
The new business of the company, fiber cement boards is doing extremely well. The company offers its fiber cement board range under V-Next products (V-Board, V-Designer Board, V-Plank, V-Premium, V-Panel) which are gaining good acceptance. The strong portfolio of advantages makes the products widely endorsed and appreciated by architects and customers worldwide, many of them are replacing plywood which is a 20,000 crore industry. This provides a great long term opportunity to the company which is a pioneer in this segment.
As per management, V-Next range of products can make a huge impact on the construction industry. With building material like V-Boards, the way of constructing homes, furniture will be changed. It will be faster, economical and more energy efficient. Recently, the company has launched a new roofing product called ATUM, a new age eco-friendly, energy efficient and energy generating roof. It is an integrated solar roofing system that serves as roof and also generates energy (a hybrid product). The set up of ATUM manufacturing unit will be done at Miryalguda, Telangana. Capacity of 60 MW per annum is added with investment of Rs. 10 crores and is funded through Internal accruals
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)
Time has shown that smart investors have made their fortune by investing in equities in long term. None other asset class can match giving you such extra ordinary returns. Yes, its important for you to invest in right set of companies at right price with medium to long term perspective. If you think to invest in stocks for period of 3 months or 6 months, we suggest you to stay out of stock market because you are not investing, you are betting on volatility of stock market which could be risky.
We are pleased to inform you that we are celebrating our 8th Anniversary by offering maximum discounts up to 30% and valuable freebies on our subscription services under Saral Gyan 8th Anniversary Offer. We suggest our members to consider ongoing market correction as a buying opportunity and invest in high quality small and mid cap stocks.
Attractive discounts & valuable freebies which make ongoing offer special for our readers are as under:
8TH ANNIVERSARY OFFER
CARD / NET BANKING
|Hidden Gems||Rs. |
|Value Picks||Rs. |
|Combo 1: HG + VP + WB + 15%||Rs. |
|Combo 2: HG + VP + 15%||Rs. |
|Combo 3: HG + VP||Rs. |
|Combo 4: HG + 15%||Rs. |
|Combo 5: VP + 15%||Rs. |