Porinju Veliyath buys Sahyadri Industries on 9 July 2015

Porinju Veliyath bought 50000 shares of Sahyadri Industries @87 per share on 9 July 2015 as reported by BSE under Bulk Deal reports of BSE. Rumor is that he and his associates bought more shares on next day 10 july 2015 also. Share price closed at 101 on Friday 10 july 2015.

As this was a unknown company to me so I tried to research a bit and found it quite interesting.

> It is into same line of business as Hyderabad Industries, i.e fiber sheets, roofing and building materials.
> It also makes modular toilets which can be used in swachh bharat abhiyan of central government.
> It has undertaken huge capacity expansion in the past and now the sales from that new capacity will get started from this quarter ( june quarter) so the june quarter result could be very high because of new capacity and also from new product ( modular toilet).
>Also it has undertaken fresh capacity expansion recently but its fruit will take time to ripe.
> Also rumor is that due to separation of Telangana state this company will get lot of orders from new government.
> the cash eps of last year 14-15 was Rs. 23 per share.

Porinju might have much more information than just this much as he never buys any stock which cannot become at least double in 3-4 months. Lets see how correct is Porinju this time.

 

Yes Anitaacs I think that Sahyadri is a great company and available at dirt cheap price thats why Porinju has bought it heavily..... with the huge expansion projects, surely it can be more than double in 1-2 months from now . Here are the most important links.. I am a big fan of Porinju

https://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=925864

https://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=1054901

https://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=956190

https://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=1078881

https://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=967384

 

Actually this stock was recommended much before by - https://aceinvestortrader.wordpress...ing-products-engineering-a-strong-turnaround/

More details in the link. Looks like this is going to be a doubler soon, given that big names have come in now

 

Just see V2 Retail, Porinju Veliyath bought it at 40 just 1 month back and in 1 month it reached 62.... 55% profit in just 1 month..... so now its the turn of sahyadri... he bought it at 87 just 2 days back so we can easily expect target of 145+ in 1 month and atleast double (180) in 3 months because it has very strong fundamentals also.... so good fundamentals + strong investor buying this stock = double dhamaka.....