A stock market analyst from the south who recently visited all amusement parks of Wonderla Holidays to gause the effect of the abnormal rains in south India on the footfalls in the company’s amusement parks in Kochi, Hyderabad and Bangaluru has insisted that the adverse impact of the abnormal rains on the company’s financial performance will only be temporary and the numbers will be affected marginally in the current year only. What is more the new amusement park which has come up at Hyderabad will start earning good from the next year. As a result, the financial performance of the company may be muted for the fiscal 2016 but quite encouraging from the next year onwards. Afterall, Wonderla is a strong brand in south India and offers valuefor- money entertainment option for the people in that part of the country. But for the rains, the company can bank on more and more consumers scounting for better week-end entertainment option.
Vinati Organics (BSE Code: 524200 ) A leading brokerage house has advised its clients to invest in Vinati Organics, the largest manufacturer of ISO Butylbenzene (IBB) and ATBS in the world. The company exports its products to 22 countries with export earnings contributing to around 65 per cent of its total turnover. The company is growing from strength to strength and during the last five years, its sales turnover has more than doubled, from Rs 325 crore in fiscal 2011 to Rs 772 crore in fiscal 2015 and the net profit shoot up by around 125 per cent. The company is doing quite well even in the current year also with the half year net profit amounting to Rs 62 crore as compared to Rs 52 crore in the corresponding period last year.
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