Veljan Denison is one of my old recommendations @ Rs.375 /-. After hitting a high of Rs.456 , it is now trading around Rs.307. Recently company allotted shares on rights basis in the ratio of 1:4 at a price of just Rs.10/-. Effectively cost per share reduced to Rs.320/- Company also declared a dividend of 75 % .For the quarter ended December 2011, company posted a turnover of Rs.23 Cr v/s Rs.18 Cr and a net profit of Rs.5.5 Cr v/s Rs.3 Cr .Nine month profit jumped to Rs.10.8 Cr v/s Rs.6.8 Cr and EPS is Rs.48/- on the expanded equity .Recommending a HOLD at CMP of Rs.307/-
Old posting HERE
Old posting HERE
Hi
ReplyDeleteThank you very much for recommending this company. I am expacting that Velajn should close the year with EPS of about Rs 70.
Veljan should give great returns over next 18 months time.
This company can be a true multy bagger, during bullish market Veljan trades at PE of 10 and that would be time to exit from this company.
Presently thumping buy.
Sir,
ReplyDeleteThere is a tyoing error.
instead of DEC 11 it is mentioned Dec 10.
Regards
Hi Valuepickji,
ReplyDeleteWhat's your take on VENKY's India at CMP? iTS been beaten down with other stocks.
Do you find value in this for a long term perspective?
regards,
DEAR VALUE,
ReplyDeleteWHAT DO U THINK ABOUT ZEE LEARN?
PATIDAR
Can VELJAN DENISON can be bought at these levels? Please suggest
ReplyDeleteDear Hitesh
ReplyDeleteThanks , corrected
Good to buy Venky's in a correction below Rs 400 for long term
ReplyDeleteDear PATIDAR
ReplyDeleteNot tracking Zee learn
Can VELJAN DENISON be accumulated at the current levels?
ReplyDeleteHi Sir,
ReplyDeleteIs it time to enter Heritage foods.
Deepak
Hi Sir,
ReplyDeleteI am sure you would have analyised last quater results of veljan. I would appriciate if you could shed some light on it .
Thank you
Anand