Vineeta Mahnot of Hem Securities first homed in on Vaibhav Global in August 2013 when it was languishing at Rs. 176. With a sparkle in her lovely eyes, she confidently advised investors to load up on the stock. Then, in October 2013, when the stock had surged to Rs. 288, Vineeta walked up to excited shareholders of Vaibhav and advised them not only to hold on to the stock but to buy more.
Today, just 10 months later, the stock is at Rs. 700, and is offering Vineeta’s delirious followers nearly a 300% profit from their original investment.
Now, the best part is that Vineeta Mahnot is not done with Vaibhav Global. In her latest research report, Vineeta has recommended a buy with a target price of Rs. 1050, a whopping 56% from the CMP.
Let’s take a quick note of Vineeta Mahnot’s brilliant analysis:
“The company has robust numbers for the quarter ending March 2014. The Revenues from operations on consolidated basis increased by around 57% at Rs.363.89 crores vs Rs.231.26 crores y-o-y. Operating profit zoomed manifold at Rs.33.86 crores form Rs.4.57 crores y-o-y. Adjusted Net profit climbed about 51% at Rs. 36.76 crores from Rs. 24.41 crores (pre exceptional). EBIDTA margin expanded sharply by 733 bps at 9.31% from 1.98% y-o-y. EPS for the quarter stood at Rs.11.43.
With strong volumes building up; increasing market presence; strong customer base; improved financial performance and balanced product portfolio; Vaibhav Global Ltd. profitability looks positive. We believe the company is trading at an attractive valuation at 13.48x and 10.90x of FY15EPS of Rs.50.06 and FY16EPS of Rs.61.95. We initiate a ‘BUY’ on the stock with a target price of Rs.1050 (appreciation of about 56%) with medium to long term investment horizon.”
If you are looking for proof about Vineeta Mahnot’s stock picking prowess, you will find it in this article. Apart from Vaibhav Global, Vineeta has a number of stellar stock picks to her credit like Suven Life Sciences, Tata Elxsi, Fiem Industries, Himatsingka Siede, Va-Tech Wabag, AIA Engineering etc, all of which have given quick-fire and hefty gains.