Sahyadri Inds builds up

Sahyadri Industries is a well known group in building material company based at Pune. The stock has hit the 5% upper circuit today too ( it has hit it on Friday also) at Rs.60.20, the moment is opened for trading.

The stock has been hitting the roof ever since it announced its encouraging numbers for Q1FY15. From a net loss of Rs.5 crore in Q4, the company turned around sequentially, with a net profit of Rs.7 crore. YoY, net profit has more than doubled from Rs.3 crore. Our Editor, Mr.SP Tulsian recommends this stock in his Market Whisper column to buy this stock as an investor as it has the potential to touch Rs.70 in next one month.