The Second Innings
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In latest December quarter company reported a turnover of Rs.70 Cr which is an improvement over 100% compared with same period last year. On the bottom line company reported a profit of Rs.3.26 Cr v/s Rs 97 lakhs . Diwali and other festival sales falls in December quarter and this figure may not repeat in March quarter .But I strongly believe after a long gap of many years this company will report positive numbers in this full year. Promoters also exhibiting their confidence by pumping additional capital to the company . Board will meet on 21 March 2014 to consider the allotment of 3952720 shares to Mr.Akash Agarwal (son of Ram Chandra Agarwal ) who just completed MBA from Luncaster University of UK and joined the company recently.
Stock price appreciated recently after the declaration of its December quarter result ,but even now V2 is trading at the cost of a single glass tea or coffee.Whether to take the risk or not ,it is up to you .Stock is trading @ Rs.14 and listed in both exchanges.
A must watch video in the below link
Rags to Riches - LINK HERE
Link to Company Website HERE
1) The Second Innings - LINK