2018 is not a year like 2017 for stock market, 2017 is golden year for short term players, all most all stocks given minimum 100% in 2017, but i believe 2018 is DIAMOND year for long term stock pickers, it may test their real patience but return also like DIAMOND. It means selection of stock with sound promoters and potential business model also important.
Today I am sharing my opinion on one such stock for good business model to grow future with well track record promoters group.
Incorporated in 2017, Focus Suits Solutions & Services Ltd (FSSPL ) is Market Research Company based in Bangalore having presence across 18 major countries in Asia, Middle East and Latin America. They offers Fieldwork, Panel Research and primary data collection services to the other Market Research Companies. They are a member of ESOMAR and CASRO.
They have team of project managers who handled the project execution of different fieldwork across various industries like healthcare, automobiles, IT and telecommunications,
FMCG, Retail etc. They help their clients and assist them in making strategic decisions in their respective lines of business.
Company's team of project managers have, over the years, built considerable expertise in project execution of different fieldwork across various industries like healthcare, automobiles, IT and telecommunications, FMCG, Retail etc. A high proportion of their revenues come from foreign markets.
SERVICES & SOLUTIONS
FSSPL is posted revenue of Rs. 15.42 CR with a net profit of Rs. 1.29 CR for FY17. For first four months ended on 31.07.17 it has reported net profit of Rs. 0.56 crore on total revenue of Rs. 5.78 CR ( on consolidated basis)
Market Research sector having huge potential to grow in future, this company's promoters huge experience in this field and proved in MRSS. I strongly believe this is good long term investment stock for patience investors. Stock trading only in BSE SME segment @ 33.65 level ( Market lot 8000 ) FSSPL IS ANOTHER MRSS IN FUTURE ? Time will only answer...
NOTE :- I am not SEBI registered person, I just shared my opinion on this company, all above data taken from social media. THIS IS NOT BUY/SELL RECOMMENDATION. SME segment very low liquidity hence short term investor don't rush in this. BEFORE BUYING ANY STOCK TAKE ADVICE FROM CERTIFIED PERSON.
Disclosure :- I am holding this stock for my portfolio.