Vineeta Mahnot of Hem Securities has become the stock-picker to reckon with. She has a long list of winning stocks to her credit such as Tata Elxsi, Vaibhav Global, Va-Tech Wabag, AIA Engineering, IFGL Refractories, etc each of which have given sizeable and quick-fire gains.
Himatsingka Seide was recommended by Vineeta Mahnot in January 2014 when it was quoting at Rs. 60. The stock has a target of Rs. 80 (32% appreciation) Vineeta said.
Today, just about 6 months later, Himatsingka sprinted 10%+ to effortlessly cross the promised target price.
Now, all eyes are eagerly watching Kwality. In her latest research report, Vineeta has confidently assured a gain of 67% on the stock. In FY2014, Kwality showed a growth of about 30% in revenues and profitability. Sidhant Gupta, director, has come on record to state that FY 2015 would show better results. He emphasized that FY 2015 “should be definitely looking better because the company has taken the approval for almost Rs 300 crore of capital expenditure into the procurement system and also into the value added products and we are quite hopeful that with the product mix getting changed and more value added products being introduced in the next few quarters the profitability should look better for the company”.
So, taking a cue from Sidhant Gupta’s statement that Kwality’s FY 2015 “would definitely be looking better“, Kwality does look to be well on track to honour Vineeta Mahnot’s assurance. I already have a chunk of the stock and am game for more.