ROCKET STOCK.... VIRINCHI TECHNOLOGIES LTD At 15/-; TARGET 35/- & 75/-
BUY VIRINCHI TECHNOLOGIES LTD. at 15/- Target of 35/- & 75/-
BUY VIRINCHI TECHNOLOGIES LTD doing IT Business. Stock Trading in BSE (Code : 532372) only . EPS 4/- Book Value 51/- PE just 3.7; Average PE for this industry was 20/- as per this stock will zoom to 35/- to 100/- in coming days. Dividend paying company; For Long term Stock may touch 150/- timeframe 2 years.
Market may touch NIFTY 5,350 and BSE Sensex 17,950 once again this Month; FII's are hevily buying stage. Buy VIRINCHI TECHNOLOGIES LTD at 15/- Just Buy and hold 1 month with good appreciation at 100% Profit because company having good Profit Making and good Book value at 51/- Good Dividend Paying company and company having strong fundamentals . All Stocks up 50% to 200% recently; This stock is Pending for up moving in this Small and Mid cap Rally with good Fundamentals and good reserves and Good Profit making company and Good dividend company. Lot of Expansion plans is going on.
Good Valuable Buy VIRINCHI TECHNOLOGIES LTD. 10/- face Value Trading at 15/- with Target of 35/- & 75/-. Risk is very very less because company stock was very Valuable because Book value at 51/ and EPS 4/- for 2009-2010 PE 3.7. In IT product development sector average PE was 20, if you take this 20 Stock will come 75/- If u take minimum PE 10 It will come 39/- Equity 14cr. Just Buy and hold 1 month to 6 months with good appreciation at 100% Profit. Risk is very less.
VIRINCHI TECHNOLOGIES LTD Trading in BSE; This stock is not participated for this market rally. Last 6 months trading between 12/- to 18/-; So all bulls are eyeing in this stock to grabbing for Good Value stock. Because Book value 51/- EPS 4/- and Good client base and 10/- face Value. So no risk at all at 15/-.
Company Turnover and Profits year by year is very good Check 2008-09 EPS 1.5/-; 2009-10 EPS was 4/- as per last Quarter and Expected EPS for 2010-2011 is 7/- because company recently released new products, So coming quarters Income and Net Profits will zoom.
Company planning to Buy US company; This Income and Net profits will come next Quarters onwards EPS will zoom from Next Quarter and Good technical Head will Join soon in this company.
Company Declared 4th Quarter Results with Net Income 15.35 Cr and Net Profit was 1.5 Cr Equity 14.86 Cr EPS was 4/- Annualized PE just 3.7 Average PE for this Industry 20 as per this stock will zoom to 50/- minimum within 3 months time.
And 2009-10 year net Income was 59 Cr and Net Profit was 3.7 Cr.
4th Quarter results was improved because of Company new Products. This will effect next quarters also will EPS zoom to 7/-to 9/- Coming days Stock will zoom to 50/- to 100/-.
VIRINCHI TECHNOLOGIES Limited Trading in BSE at 15/-in B Group. (BSE Code- 532372) Target 35/- for short term. Safe Investment at 15/- present market situation. Face Value 10/-; Book Value 51/-; Company having good Fundamentals and good Financial background and Good Managament and Company having good International prestigious Clients from UK, USA, Erope,Germany, France, Italy and Holland.
In this market Safe investment for this Stock at 15/- With target of 35/-. Within 1 to 3 months time.
See My last 6 Months Fundamental calls 1) SE Invest given at 185/- Touched 800/- 2) Bihar Tubes Given at 57/- Touched 127/- 3) IFCI given at 42/- Touched 57/-4) Gujarat Borosil Ltd given at 11/- Touched 17/- 5) VIKAS WSP given at 21/- Touched 35/- 6) Techtran Poly given at 12/- Touched 25/- 7) SURYA PHARMA given at 90/- Touched 187/- 8) SANJIVANI PARENTAL given at 23/- Touched 65/- 9) PONNI SUGARS given at 57/- Touched 1502/- 10) RPG LIFE SCINCE given at 23/- touched 78/- 11) EASTERN SILK given at 14/- touched 19/- 12) Comp-U-Learn given at 5/- Touched 35/- (7 times return). 13) Moldtek Plastics given at 32/- Touched 63/- 14) Sathvahana Ispat given at 17/- Touched 53/- 15) Celestial labs guven at 13/- Touched 43/- 16) Navabharath given at 130/- Touched 435/- 17) Compact Disc given at 39/- Touched 94/- 18) Dena Bank given at 35/- touched 85/- 19) Vijaya Bank given at 23/- Touched at 53/- 20) Hotel leela given at 23/- Touched 53/- 21) Hyderabad Industries given at 237/- Toched at 635/- 22) Infotech Enterprices given at 127/- Touched 400/- 23) Natco Pahrma given at 47/- many times Now Toched 175/-
Virinchi Technologies Limited is an IT Products and Services company focusing on financial services Industry servicing customers in North America, Europe & Middle East. Its world leaders as software service provider to Retail Micro Lending and deferred presentment Industry.
Virinchi is a CMMi Level 3 company and ISO 9001:2000 certified for its Production, Delivery and Quality process
Virinchi Technologies Limited is an Information Technology Products & Services company offering world-class services to its global clients including some Fortune companies operating in varied industry verticals.
Share Holding Pattern:
Promoters : 29.5%; 2.5%; Corporate Bodies : 9%; Public only 61.5%
This company has a great future. Even if we give a conservative P/E of 10 (Industry Avarage PE was 20), It should be trading at Rs. 39+ based on FY 20010-11earnings. So there is a long way to go. Investors with faith in VIRINCHI management and having patience will definitely earn a lot based on Value of Products and Assets and Profits.
Possitive Points for this stock for Up moving:
1) VIRINCHI TECHNOLOGIES LTD trading at 15/- trading in BSE Company Stocks not participated for recent Rally; Now Its good bet to Buy because of Company declared good IVth Quarter Results with EPS 4/-. Best Time to Buy at 15/- with Target of 35/- & 75/- Short time.
2) Mumbai Bulls and Operators are accumulating at current price. Because Stock is available at very cheep price at 15/-; Compare to all stocks good value at present Market situation. Good Profit making company; company Annonced good Net Profit in 4th Quarter EPS 4/-and Expecting EPS for 2010-11 is 7/-
3) FII's are interesting to invest because Company having good Value and Promoters Holding 29%.
4) Company Planning to buy US company; this results will effect next Quarter net profit and EPS.
5) 10/- Face Value stock Available at 15/-/- with EPS 4/- and Good Fundamental Company. No risk at Present rate at 15/- with target of 35/-
Enter current price at 15/- Short term Target 35/- & 75/- Strong Fundamentals.
Happy Investing...
BIGBULLS
MUMBAI
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