One year completed by this blog. Investors got multiplier returns.

This blog was created in last year on a auspicious day of ‘Ganesh Chaturdashi’ which is also celebrated as ‘Anant Chaturdashi’ in various part of the our country. Today it has completed one year. Till date this blog has received 14,600 hits and Lord Ganesh had blessed all investors, who had invested after reading stock on this blog.

1.   Stock idea of Nitin Spinners was posted on 07^th September 2014, when it was trading at Rs.27/- has touched Rs.107/- on 6^th August 2015.

2.    Stock idea of Vidhi Dyestuffs was posted on 18^th May 2015, when it was trading at Rs.20/- has touched Rs.57/- on 24^th September 2015 and it is continuous hitting new 52 week high despite volatile market.

3.    Stock idea of Karnataka Bank was posted on 12^th July 2015, when it was trading at Rs.150/-. Due to negative sentiments about banking stocks, it has gone down. But, it is still a lowest valued private sector bank available at attractive price with good dividend yield track record. Recently Government has allowed 100% FDI in private banks. Rate cut from RBI is expected by all due to continuous lower CPI. IDFC Bank is going to start operations from 1^st October 2015, which need to establish large number of branches to compete with big counterparts like ICICI, AXIS and HDFC Bank. KOTAK and YES Bank also needs larger network to continue in race with these three big private sector banks. To increase the network size in short term only ONE way, i.e. merge another private sector bank with good branch network. In earlier days ICICI, AXIS, KOTAK and HDFC Bank has already implemented merger idea to get bigger size. Whether Karnataka Bank will be next merger candidate, only time will tell.

VIDHI DYESTUFFS- AGM UPDATES

AGM of Vidhi Dyestuffs shareholders held on 16^th September 2015 at Mumbai. Some important points of speech of Chairman Mr. Bipin Manek in AGM are as under:

1.    Vidhi Dyestuffs has expanded the production capacity of edible food colours from 2600 MTPA to 4000 MTPA, i.e. 54% increase in existing capacity.

2.    After expansion now Vidhi Dyestuffs ranks third in world with capacity of 4000 MTPA. First is Synsient with capacity of 20000 MTPA and second is Roha Dychem with capacity of 9000 MTPA.

3.    Commercial production started from expanded capacity from 5^th September 2015.

4. Cost of expansion is Rs.12 crores, for which Rs.6.50 crores used from internal accruals and Rs.5.5 crores loan taken from banks.

5.    Company is further planning for expansion for double the capacity from existing 4000 MTPA to 8000 MTPA in next four years, i.e. by 2019.

6.    After further expansion company is targeting revenue of Rs.500 crores by 2019.

7.    Company is also planning to entry in new segment of Natural Colors in next two-three years.