Vedavaag systems is a small cap IT company mainly into E-governance projects and rural healt and financial inclusion sectors(manages CSP of SBI)
H1 2017-18 results are great achieved consolidated revenue of approx. 42 crores with NP of 7.3 crores and already achieved EPS of Rs 5 expected EPS of 9-10 for full year. stock availaible at cheap valuation at forward PE multiple of 6 to 7.Company is poised to grow faster with ongoing focus of government on digitization and financial inclusion.
Company has declared dividend of 9% last year
Buy for decent returns
Happy investing
Thank u sir,May I please know any other factor than fundamental to moveup a stock? My holding stock are not move in last 3 month but it has traded volume.
ReplyDeleteMukesh sir... Camex finally moving, thank you!
ReplyDeletePatience and conviction pays in stock market... Good luck Kundavar
DeleteHello MUkesh Ji - Happy New year
ReplyDeleteI had a look at the promoter holding which is close to 22% and more than 90% is pledged. Is that ok from an investment point of view.
Also there are close to 60LK shares in outstanding convertibles which I think is FCCB.
Can you please provide your valuable inputs on the above two points