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Saturday, February 4, 2012

VTX Industries Ltd:Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:VTX Industries Ltd

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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