Weizmann Forex
BSE: 533452NSE: WEIZFOREX CMP: : 52.00
Weizmann Forex, company has reported decent results for the sept qtr,as sales have gone up from 978 crs of ájune qtr áto rs 1041 crs while net profit increased from 3.82 crs to rs 4.13 crs giving attractive qtrly eps of rs 3.57 ag rs 3.3 during 1st qtr, áof current year. thus company has reported eps of rs 6.87 for áthe 1st half, it is expected that full year eps likely to be around 14/15. WeizmannáForexáis one of the first few entities to obtain a license to provide retail foreign exchange services in 1993. Since then it has been offering services (sales & purchase) to the corporates and leisure travellers in India. With the experience and expertise developed in the field of foreign exchange over the years, the company has in its list of clientele some of the leading names of the Indian and global corporate world. The principal focus areas of the company are money changing and money transfer. Company as RBI Licensed Licensed Authorized Dealer Category for money exchanging and RBIRegistered Principal Representative of Western Union Financial ServicesáM USA for money transfer is one of the leading players in both theseá core areas. The company áoffers various áservices like ásale of currency, travelers' cheques, travel card,encashment, demandá draft, wire transfers and money transfer from overseas. The customers áinclude travelers visiting overseas áwhether leisure or business, travelers for migration,
employment, medicalá treatment, students átraveling abroad for studies, businessá travelers, non residents visiting áIndia, other money áchangers, banks, etc. The company has about 165 plus branches spread across Indiaá catering to money changing and money transfer and over 260 extension counters exclusively catering to
money transfer. This is a safe business model, investors can keep watch to accumulate this stock on dips for decent long term growth.
BSE: 533452NSE: WEIZFOREX CMP: : 52.00
Weizmann Forex, company has reported decent results for the sept qtr,as sales have gone up from 978 crs of ájune qtr áto rs 1041 crs while net profit increased from 3.82 crs to rs 4.13 crs giving attractive qtrly eps of rs 3.57 ag rs 3.3 during 1st qtr, áof current year. thus company has reported eps of rs 6.87 for áthe 1st half, it is expected that full year eps likely to be around 14/15. WeizmannáForexáis one of the first few entities to obtain a license to provide retail foreign exchange services in 1993. Since then it has been offering services (sales & purchase) to the corporates and leisure travellers in India. With the experience and expertise developed in the field of foreign exchange over the years, the company has in its list of clientele some of the leading names of the Indian and global corporate world. The principal focus areas of the company are money changing and money transfer. Company as RBI Licensed Licensed Authorized Dealer Category for money exchanging and RBIRegistered Principal Representative of Western Union Financial ServicesáM USA for money transfer is one of the leading players in both theseá core areas. The company áoffers various áservices like ásale of currency, travelers' cheques, travel card,encashment, demandá draft, wire transfers and money transfer from overseas. The customers áinclude travelers visiting overseas áwhether leisure or business, travelers for migration,
employment, medicalá treatment, students átraveling abroad for studies, businessá travelers, non residents visiting áIndia, other money áchangers, banks, etc. The company has about 165 plus branches spread across Indiaá catering to money changing and money transfer and over 260 extension counters exclusively catering to
money transfer. This is a safe business model, investors can keep watch to accumulate this stock on dips for decent long term growth.
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