Waterbase - Re recommendation for those who missed the opportunity earlier

The Waterbase Limited is an aquaculture unit located at Nellore, Andra Pradesh 170 KM North of Chennai, India. Waterbase is promoted by ‘Thapar Group’, a well known business conglomerates in India. Their mission is to give customers the best value for money with our quality feed and processed Products. It has stood committed to following and disseminating the best aquaculture techniques. Today, they are one of the leading entrepreneurs in India with facilities that comprise a Shrimp feed plant, grow-out farms and a Shrimp processing facility. 

Waterbase has played a key role in dissemination of scientific shrimp farming in India and provided training and support in farming techniques for successful crops. It is equipped with shrimp feed mill which produces world class shrimp feed. Their latest achievement is in the production of organic feed. They export shrimps in different forms to quality conscious markets of Japan, USA and Europe - IQF, Block Frozen and Cooked. They supply value-added shrimps to the customer needs. Their process plant is FDA listed, EU approved and Processing is as per HACCP guidelines.

The stock was recommended around 20 three months back which is now trading at 58. Currently, it has consecutive upper circuits for last three days. One can enter at dips in this stock. The company looks promising and they are performing good. Recently ,their quarterly results were outstanding with net profit increase of 71% and revenue increase of 34%. The company has recently declared a dividend of Rs. 1. With 100% deliverables, uptrend can be seen for few more sessions. A long term investment can be made at corrections. Please do your own analysis before investing.