IVP : Stock Update : Result update : excellent results of Q-1-15-16 spark fire in the stock price

IVP net profit for Q-1-15-16 zooms up by 300% in comparison to Q-1 of 14-15.

EPS for Q-1-15-16 is 3.04 against last year q-1 EPS of 0.94


Stock was recommended on 8-6-205 at Rs 55-56  touches Rs90 with 20% circuit today.It has surpassed my allocated target of Rs 75 within 2 months of recommendation.

Technically stock is moving to uncharted territory and will create new highs from here on.

I revise my target to Rs 120 based upon excellent results declared.

Long term investor continue holding the stock for better returns.

Rs 2.00 dividend has already been declared you should receive the same in your bank accounts soon since book closing is over for the dividend entitlement.