Alphageo India is a stock recommended @ Rs.38 about 6 months back ( Link HERE) Today it hits its 52 week high @ Rs.221. Company reported excellent number for the FY 2013-14. Turnover jumped from Rs.24 Cr to Rs.94 Cr and reported a net profit of Rs.26 Cr V/s a loss of Rs.11 Cr .EPS is Rs.48 . Company also reported a dividend of 20 % . Recommending to HOLD this stock.
GALAXY ENTERTAINMENT CORPORATION
This is one stock recommended long back in 2011 @ Rs.13 ,and mentioned as a potential multi bagger. But nothing has happened as expected so far . The entire future group was in trouble due to huge debt burden and falling revenue mainly on account of recessionary situation for the past few years. Now they are trying for a come back by restructuring of their businesses .This may be the reason they ignored this small company for the past many years.Now , It seems there is some light at the end of tunnel . Company recently clarified that they are taking this business as serious and planning to expand the business through various initiatives. As part of this ,they already sold some units and acquired some other and planning ambitious expansion going forward .
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Today company reported its March quarter numbers .In this quarter ,Galaxy reported a top line of Rs.22.5 Cr V/s Rs.3.1 Cr and a net profit of Rs.1.6 Cr V/s a loss ( Excluding exceptional item ) . It seems after long waiting of four years ,company now started to move through the right track. The potential of industry is very good and if they can tap it ,stock may be a multi bagger from current level of Rs.24