>> Tuesday, September 30, 2008
Scrip:- Jaiprakash Associates.
BSE Code: - 532532
CMP: - 111
Target: - 140 (3 - 4 months.)
This is one of the badly beaten up stock in this great bear market. this scrip had made a high of 510 this December and now is down almost 80%. Real estates have seen their worst days all thanks to the US sub prime crises.
What I think at the movement this is a good scrip to accumulate for long term view.
This company is engaged in the business of heavy civil engineering construction, expressways, cement and real estate and hospitality.
The performance of the company has been quite good.
One thing to notice is when there is any short covering the sector which is pulled is Banking and Reality.
JP Associates has a strong order book value of various Express highway more over it owns a fully owned subsidiary Himalian Express way.
One must buy this scrip in dips and book profits in sharp rise.
Stock Quotes Here.