Diversification props Vishal

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The shares of Vishal Information Technologies gained 30 per cent during the week to move up from Rs 251.90 to Rs 326.70 after the company announced the launch of its print-on-demand publishing vertical in a tie-up with Tutis Digital Publishing.

Vishal currently sells large print titles through 41 online stores such as Amazon and Barnes & Nobles. It has tied up the back-end printing of these titles with Lightning Source in the UK and the USA, the largest print-on-demand company in the world.

Vishal was listed on the Bombay Stock Exchange (BSE) on August 11 and has appreciated more than 100 per cent within nine trading days from the issue price of Rs 150 a share. The company has an expertise in data digitization, E-publishing and digital library and covers almost the entire range of IT enabled services other than voice-call center.

 

It has published 2,750 large print classic titles from online book stores worldwide. The company posted 8 per cent growth in net profit to Rs 12.36 crore (Rs 10.21 crore) in FY2008. Projects and services, and e-publishing are the main contributors to the company’s revenues.