Quote of the Day ? Monitor your favourite scripts daily , buying not necessary ,you will able to catch later - Rajender Chopra, Add your Quote, Today - All Quotes
Has a Buy Rating since 10-08-2010 with a Target of 350.00
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Buy jai corp Jai cop is doing very well. See its yearly and quaterly results.
Jai Corp today announced a rise of 2.92 times in the net profit for the quarter ended June 30,
2010. During the quarter, the net profit of the company was at Rs 266.90 million as compared to
Rs 91.30 million in the prior year period. In the same period, the total income of the company
was at Rs 1304.70 million, a rise of 15.46% over the prior year period.
As per recent quarterly filing, the promoters` shareholding climbed to 72.99% as at Dec 31,
2009 from 72.67% as at Dec 31, 2008. FIIs` shareholding increased to 11.80% as at Dec 31, 2009
from 11.73% as at Dec 31, 2008, while the mutual funds` shareholding fell to 0.16% as at Dec
31, 2009 from 0.60% as at Dec 31, 2008.
At first this stock is speculative. There are better picks than this one. If u r looking at infra play go for JP Associates & B F Utilities. Agrees that this company has big projects but project implementation & profitability are different things. I am closely following this scrip & my view is that it can move to 10000/- also but there is nothing which establishes in the mind of investors to attract them. Dump this stock at around 700-800 levels if u have patience or immediately switch over to some better counter.
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