Scripscan:VTX Industries Ltd
cmp:19
Code:532824
Story:VTX Industries Limited operates as an integrated textile manufacturing and exporting company in India and internationally. It manufactures mill made-woven-processed/grey-cotton, synthetic-blended fabric made-ups, and home-linen products, as well as produces grey cotton yarn and mercerized cotton yarn. The company’s products include sheets and pillow cases, duvet covers and shams, quilted bedspreads/coverlets, decorative cushion covers, quilts, matelasse coverlets, blankets/throws, and lounge/night wear, as well as other accessories, such as bed skirts, neck roll, and wash bags. VTX Industries offers its products under the Genuisa Cotton and KottonD'or brand names. The company was formerly known as Vijayeswari Textiles Limited and changed its name to VTX Industries Limited in January 2011.Net profit of VTX Industries rose 33.82% to Rs 0.91 crore in the quarter ended December 2011 as against Rs 0.68 crore during the previous quarter ended December 2010. Sales rose 82.49% to Rs 65.26 crore in the quarter ended December 2011 as against Rs 35.76 crore during the previous quarter ended December 2010.Neither impressed by business model nor the numbers influence me.Sell and move on to betters bets.
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Note: The artciles are not research reports but assimilation of information available on public domain and it should not be treated as a research report.
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Disclosure: It is safe to assume that I might have the dkiscussed companies in my portfolio and hence my point of view can be biased.Readers should consult registered consultants before making any investments.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that I might have the dkiscussed companies in my portfolio and hence my point of view can be biased.Readers should consult registered consultants before making any investments.

Saturday, February 4, 2012
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