Monday, July 12, 2010

 

Jindal Steel Value Mantra ( Research Report )

Jindal Steel & Power Limited
Recommendation: Buy
CMP: 622 (30 june 2010)
Target: 710 Rs.

READ and DOWNLOAD FULL REPORT

We expect around 30% y-o-y growth in the Top line and around 40% growth in bottom line for FY 2011 and FY 2012 driven by increase in Revenue on y-o-y basis. JSPL have expansion project plans in Orissa, Jharkhand and Chhattisgarh to commence by 2010-2011. Also JSPL has acquired the development rights for 20 Billion tonnes of Iron Ore in Bolivia. Further, the company has also forayed into exploration and mining of high value minerals like diamonds, etc. in places like Chhattisgarh, Jharkhand and the Democratic Republic of Congo. We expect that this will drive the revenue of JSPL up by at least 40% of current revenue. 


JSPL is looking to increase its turnover every year with a decent profit on commencement of the new expansion projects. 


Jindal steel and power currently trading at 622 Rs. . At current levels we expect an upside of approx. 15-20% in near term, indicating significant investment opportunity at current price level.Hence we initiate the coverage with a ‘BUY/HOLD’ recommendation.

READ and DOWNLOAD FULL REPORT

Labels: ,


Monday, January 4, 2010

 

Dalal street to open at 9 am

The Dalal Street will start the first day of the new year an hour early at 9am from Sunday, as the exchanges have decided go ahead with the new timing, notwithstanding protests from brokerages.
With a view to better align the domestic markets with the Asian bourses, the both Bombay Stock Exchange and National Stock Exchange had late last month announced the advancing the trading timing to 9am with effect from January 4, from 9.55 am earlier.
However, the closing bell remains the same at 3.30 pm. "The new trade timing would be in the larger interest of the investors as they will get more time to trade.
Besides, it will help our markets integrate more with the global counterparts," a top NSE official. The brokerages are, however, divided on their views as to whether the extended trading will benefit investors as a whole. ICICI Securities executive director Anup Bagchi said, "we are happy that the market timings have got extended, as greater overlap with Asian markets will help reduce risk." On the other hand, Bonanza Portfolio assistant vice-president Avinash Gupta is not sure about how it will help the investors saying, "there might be some increase in the F&O volume, but cash segment will not see much of a volume increase,"


Labels:


Monday, December 28, 2009

 

New Year Bonanza ~ 2010 Enjoy FREE FOR 1 Week




Let the new year build positive attitudes for setting new goals & achieving them with a financial independence with us. Wish u & your family a year of Success-2010.

New Year Bonanza ~ 2010 Enjoy FREE FOR 1 Week

Welcome 2010 with money.

New Year Bonanza ~ 2010 with Money Rain
.
3 Scrips SMS daily for Intraday with follow up & closure.
.
Enjoy FREE FOR 1 Week+ 1 investment call.

KINDLY DO NOT DROP UR EMAIL ID AND PHONE NUMBER HERE IN COMMENTS

to avail this offer and for more details check given link -

http://www.iifpl.com/NewYear.html

FILL UP details on given link and welcome new year MINTING MONEY.




This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]