Last month, nosotros featured Big B-Amitabh Bachchan's latest portfolio in addition to his stock investment history. In the article, nosotros mentioned that Bachchans latest alternative - Stampade Capital has to a greater extent than steam left when it was trading at Rs. 500. Well, amongst 45 days it reached a peak of Rs 800 (60% up) in addition to currently it is trading at Rs. 650.
Now our Big B is in i trial again inwards the lime calorie-free of Indian Stock marketplace for his latest pick. Most of the people are nonetheless wondering what could hold out the argue of his latest alternative - Nitin Fire Protection Industries. On August 14, Amitabh Bachchan bagged a big amount of 15,00,000 shares at a charge per unit of measurement of Rs. 42.99 per share.
Just afterwards his purchase, fellowship reported first-class quarter result. It reported a consolidated full income from operations of Rs 337.90 crore in addition to a cyberspace turn a profit of Rs 20.77 crore for the quarter ended Jun '15. The cyberspace turn a profit surged to Rs. 20.77 crore equally compared to Rs. 6.82 crore on quarterly solid soil in addition to Rs. 18.79 crore on yearly basis.
Possible Reasons for Amitabh Bachchan's Entry
1. Excellent Growth Rate: Rahul Shah, executive managing director of the firm, said the fellowship has been growing at 20-25 pct chemical compound annual increase charge per unit of measurement (CAGR) since terminal three-four years in addition to is hopeful of continuing that momentum for a pair of to a greater extent than years.
2. New Markets in addition to Business: Recently Nitin Fire Protection received approving from Underwriter's Laboratory inwards the U.S.A. of America for emergency lights for burn security protection. The marketplace size for this production inwards the U.S.A. of America is USD 250 million. The fellowship is currently enjoying 15-20 pct margins inwards the domestic market. It is looking to penetrate the U.S.A. of America marketplace amongst this novel approval.
3. Dollar Appreciation: In FY15, fellowship had a guidance of 25 pct increase which was missed primarily due to Dollar devaluation. But going forward, fellowship is confident on coming together the targets due to Dollar appreciation.
Today Nitin Fire Protection Industries zoomed to upper circuit at locked at Rs.47.15. From a brusk term betoken of view,it seems to a greater extent than steam is left inwards this counter equally it has given a bullish flag breakout.
Now lets us hold off in addition to consider where Nitin Fire Protection Industries volition stand upward afterwards 1 year. Will it hold out a disaster like Birla Pacific Medspa or volition it hold out a blockbuster like Stampade Capital??
We experience that if fellowship is able to accomplish what it is targeting,it could hold out a blockbuster demonstrate from Nitin Fire Protection!!
