Virinchi Ltd Is Porinju Veliyath Latest Multibagger Stock Recommendation

Virinchi Porinju Veliyath Portfolio

Virinchi Ltd is Porinju Veliyath’s latest stock recommendation which can turn into a multibagger

Portinju Veliyath’s portfolio has a number of good small cap and penny cap stocks in it. These stocks are bought at low valuations when they were not in fancy.

Latest Portfolio Addition

Porinju has explained in his talk with Sonia Shenoy of CNBC-TV18 that he likes to buy stocks which are not in fancy and available at very low valuations.

Investors must buy stocks which are at inflection point because at that stage the stock is at very cheap valuations and the potential for growth is immense.

Sonia Shenoy was explained that applying that formula Porinju Veliyath has bought stocks like Biocon Ltd, Kalyani Steels, Jubilant Life, etc which have become multibaggers now.

One of the recent stock picks is Tata Chemicals.

Virinchi Ltd is at inflection point




Virinchi Ltd is the latest multibagger stock pick of Porinju Veliyath.

In a bulk deal on 31st August 2016, Shilpa Porinju Veliyath bought 101,000 shares of Virinchi Ltd at Rs. 59.65 each.

Virinchi Limited is a Hyderabad-based company. It is engaged in the information technology sector.

In FY 2015-16, Virinchi Limited reported a consolidated income of Rs 218.34 crore for the year 2015-16 and a net profit of Rs 16.20 crore for the year.

The company has expanded into the healthcare sector. It has set up a 600-bed super specialty hospital in Banjara Hills by making an investment of Rs 300 crore.

The hallmark of the new facility of Virinchi Hospitals is customer centric technology applications, diagnostic facilities, molecular diagnostics and personalised medicine.

Vrinchi Hospital will have specialties in cardiac, ortho, nephro, neuro, emergency, cancer and transplantation. It will be equipped with several firsts in Indian healthcare industry such as 15,000 plus biomarker diagnostic lab, full spectrum radiology markers among other equipment.

There will be an insurance driven cashless hospital facility accessible to all sections of people. Differential pricing would be based on the type of room the patient uses.

Canara Bank and other lenders have given Virinchi Healthcare Private Limited Rs 70 crore. The remaining funds for the project were raised from internal sources.

Vrinchi Healthcare has employed 75 expert doctors, of whom about 30 are already on board. The total employment to be provided to paramedical and other supporting staff will be to the tune of 1,000.




Comments (5)

  1. n k prasad

    Thanks for the article

    Reply
  2. Gaurav

    Nice

    Reply
  3. achyut mehta

    heard that one of the banker has refused for loan to virinchi.???

    Reply
  4. himanshu

    what is the target of virinchi technology.

    Reply
  5. Dharmarajan

    I purchased swelt energy last year @490 as per your advice in cnbc But today it is quoting at345 Pl advice Shall ibook loss

    Reply

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