Jai Corp Ltd.....

Let us discuss some technical talk on Jaicorp -Technically Jaicorp has a support of around 390, its 20DMA is about 393 and 50DMA is 412, the volumes are also not very high suggesting consolidation/slow accumulation or even distribution. can breakout at both levels, Ascending triangle is seen which is a bullish indicator but 390( (-)3-5% which is considered noise ) should hold first. The MACD indicator had given a buy signal at 351 on 8th Jul. In a nutshell 390 to 460 is supposedly the trading range, Breakout/down will confirm bullish/bearish patterns.

Above is 30day technical view only.

" Technical analysis is not always accurate. If it were so, all of us could have become multi crorepathis just by trading shares in accordance with the trends shown in the technical charts. Jai Corp has announced at time of its June 08 quarterly results that Welldone Real Estate Pvt Ltd, Multifaced Impex Pvt Ltd & Belle Terre Realty Ltd, Mauritius have become subsidiaries of the Company. "

Jai corp is a mega corp in the making. They have disclosed their plans in annual reports. Some of the highlight as under :-

1. Power generation in a big way. 2000 Mw Project sanction in urban power gengeration. Two another projects of 2000 MW planned.

2.Two township projects in Maharastra sanctioned in two subsidary in raigad and panvel.

3.Gas distribution for the townships/SEZ and further expansion in other cities.

4.Hugh real estates under some 20 Subsidaries and their stepdown subsidaries.

5. Hugh value unlocking in future through listing of subsidaries and their step down subsidaries.

6. A Mega Infrasture Company in the making. AT CMP Share is available at throwaway valuation, will give returns

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After going through the report briefly it appears a lot of companies have become subsidiaries or associates of Jai Corp.

Posting the following info from the report :

(I) List of related parties and relationship.

(i) Subsidiary:

1) Sarbags PTY Ltd. 2) Jai Corp Finance & Holding Ltd. (Subsidiary w.e.f. 01.04.2007) 3) Urban Infrastructure Trustees Ltd. (Subsidiary w.e.f. 25.09.2007) 4) Urban Infrastructure Venture Capital Ltd. (Subsidiary w.e.f.25.09. 2007) 5) Jai Infraprojects Ltd. (Subsidiary w.e.f. 01.02.2008) 6) Jai Realty Ventures Ltd.(Subsidiary w.e.f. 10.12.2007) 7) Hill Rock Construction Pvt. Ltd.(Subsidiary w.e.f. 31.12.2007) 8) Ekdant Realty & Developers Pvt. Ltd. (Subsidiary w.e.f. 18.12.2007) 9) Hind Agri Properties Pvt. Ltd.(Subsidiary w.e.f. 26.12.2007) 10) Iconic Realtors Pvt. Ltd.(Subsidiary w.e.f. 18.12.2007) 11) Krupa Realtors Pvt. Ltd.(Subsidiary w.e.f. 18.12.2007 12) Rudradev Developers Pvt. Ltd.(Subsidiary w.e.f. 18.12.2007) 13) Yug Developers Pvt. Ltd.(Subsidiary w.e.f. 26.12.2007) 14) Vasant Bahar Realty Pvt. Ltd.(Subsidiary w.e.f. 31.12.2007) 15) Hari Darshan Realty Pvt. Ltd.(Subsidiary w.e.f. 31.12.2007)16) Rainbow Infraprojects Pvt. Ltd. (Subsidiary w.e.f. 03.01.2008) 17) Novelty Realty & Developers Pvt. Ltd.(Subsidiary w.e.f. 15.01.2008) 18) Ashoka Realty & Developers Pvt. Ltd (Subsidiary w.e.f. 08.02.2008) 19) Dev Realty & Developers Pvt. Ltd. (Subsidiary w.e.f. 08.02.2008) 20) Rejoice Land Developers Pvt. Ltd (Subsidiary w.e.f. 08.02.2008) 21) Swastik Land Developers Pvt. Ltd. (Subsidiary w.e.f. 08.02.2008) 22) Samart Realty & Developers Pvt. Ltd. (Subsidiary w.e.f. 08.02.2008) 23) Swar Land Developers Pvt. Ltd.(Subsidiary w.e.f. 17.12.2007) 24) Jai Laxmi Realty & Developers Pvt. Ltd.(Subsidiary w.e.f. 25.02.2008) 25) Awas Realtors Pvt. Ltd.(Subsidiary w.e.f.10.03.2008) 26) Krupa Land Pvt. Ltd. (Subsidiary w.e.f. 19.01.2008) 27) Urban Gas Ltd.(Subsidiary w.e.f. 27.02.2008) 28) Urban Gas Distribution Ltd.(Subsidiary w.e.f. 27.02.2008) 29) Urban Gas Suppliers Ltd.(Subsidiary w.e.f. 27.02.2008)

(ii) Associates :-

1) Urban Infrastructure Construction Pvt. Ltd. (Associate w.e.f. 30.06.2007) 2) Urban Water Supply Pvt. Ltd. (Associate w.e.f. 30.06.2007) 3) Urban Infrastructure Holding Pvt. Ltd.(Associate w.e.f. 19.09.2007)4) Urban Energy Distribution Pvt. Ltd. 5) Urban Energy Transmission Pvt. Ltd. 6) Urban Energy Generation Pvt. Ltd. 7) Urban Communication Infrastructure Pvt. Ltd. 8) Urban Infotech Solution Pvt. Ltd. 9) Urban Telecom Pvt. Ltd. (Associate up to 12.12.2007) 10) Urban Assets Reconstruction Pvt. Ltd. (Associate up to 12.12.2007) 11) Greenary Power Generation Pvt. Ltd. (Associate from 15.05.2007 to 12.12.2007) 12) Spectra Power Distribution Pvt. Ltd. (Associate from 15.05.2007 to 12.12.2007)