JAI BALAJI INDUSTRIES -
This stock is for long term investment. the EPS is at 28.13 after last quarter's result published yesterday. At yesterday's closing price, the PE stands at 8.56. Anyone won't get many better options than this for long term investment. Below are few facts :
1. 22 projects have started from June 2008 and they would be completed by June 2009. This would definitely reflect on balance sheet of the company and push the EPS higher and higher. Watch next 4 quarter results.
2. The company is in the process of building an integrated factory and township in Purulia district of West Bengal to produce Steel, Cement and Power. These are hot consumer products and would be of high demand. As per the management, the factory would be operational from 2010. Once that starts, there would be a huge jump in profitability of this company.
3. The management of the company is really good, taking right steps since last 2 years to take the company forward, rather in the right direction.
4. The company has been alloted a coal mine for its power plants etc. That's another bonus for the company.
I am expecting share price to be reached to Rs.500/- within 4-5 months and 700/- within a span of 1-2 years.
Subscribe to:
Post Comments (Atom)
.jpg)
No comments:
Post a Comment