Housing for all scheme by the Government is a positive for the economy in various manners. 4 Crore houses to be build by 2022, the creation itself will bring huge business opportunities for the Cement, Steel and home construction goods manufacturers. Once the houses are ready, the occupants will need to have the basic necessities to run their homes, utensils, durable’s, furnishing etc., these businesses will flourish.
In line with this thought, our investment in Visaka Industries, a company that manufactures sheets for houses as well as other home construction accessories. We purchased this stock when it came in our research ranking table in the month of January 2017 at a price of ₹190 per share. It is 8 months since we are holding this stock, apart from the dividend of r₹6 per share, the current price of the stock is ₹672.00. An appreciation of ₹482 or 250% growth in 8 months.
One of the Multi-baggers in our portfolio…..