Multibagger Tip - Jaiprakash Associates. BSE Code: - 532532 CMP: - 65.85 Target: - 85 (3 - 4 months) Long term target - 140 (12 - 18 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 08 and now is down almost 85%. 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 engagedin 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 in this sector which this script is the first to cherish. 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.