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great buy
Posted by :
Longer PlayerWhy it is getting down to 105 level from 130-140`s level. Any specific reason? What will be short term (1-2 Months) target for this?...
NSE Announcements on Jai Balaji Ind
Posted by :
MMB MessengerJai Balaji Industries Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on April 13, 2009, have amongst other items of Agenda: (1)Accepted the resignation tendered by Shri Dipti Ranjan Patnaik from the directorship of the Company w.e.f. April 4, 2009. (2)Appointed Shri Supratim Banerjee as an Alternate Director to Shri Kumar Krishnan Iyer. (3)Appointed Shri Ajay Tandon as an Alternate Director to Shri Vivek Chhachhi....
NSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Limited has informed the Exchange that "With respect to the financial results for the last quarter ended March 31, 2009 of the financial year 2008-09, we will publish the Audited Financial Results within a period of three months from the end of the quarter as per the provisions of clause 41 of the Listing Agreement. Hence, we shall not publish the Unaudited Financial Results for the last quarter ended 31st March, 2009."...
BSE Announcements on Jai Balaji Ind
Posted by : MMB Messenger
Jai Balaji Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 13, 2009, inter alia, has approved the following:
1. Accepted the resignation tendered by Shri. Dipti Ranjan Patnaik from the directorship of the Company w.e.f. April 04, 2009.
2. Appointed Shri. Supratim Banerjee as an Alternate Director to Shri. Kumar Krishnan
Iyer.
3. Appointed Shri. Ajay Tandon as an Alternate Director to Shri. Vivek Chhachhi....
BSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Ltd has informed BSE that with respect to the financial results for the last quarter ended March 31, 2009 of the financial year 2008-09, the Company will publish the Audited Financial Results within a period of three months from the end of the quarter. Hence the Company shall not publish the Unaudited Financial Results for the last quarter ended March 31, 2009....
Great Buy
Posted by : Longer Player
Great buy at current levels as well.
Excellant potential upside scope....
BSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2008....
NSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Limited has submitted to the Exchange a copy of the disclosure under Regulation 8A (4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Limited has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter ended December 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on January 28, 2009) that the statutory Auditors had qualified their Limited review report for the quarter ended September 30, 2008 for the matters which have been accounted and do not have any impact on the results for the quarter.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Jai Balaji Ind
Posted by : MMB MessengerJai Balaji Industries Ltd has informed BSE about the Unaudited financial results for the Quarter ended December 31, 2008....
Well i always look at unique plays and thatswhy you guys would find most of my companies being with monopolistic businesses.These time around am gonna suggest a steel stock-It should be prudent to note that i am not a votary of steel stock at all as they falls under the vagaries of the inevitable boom-doom period of the commodity world.But the stock which am going to recomend now is a pretty unique steel player with ability of beating the trend.Just consider:-
Scripscan:Jai Balaji Industries Ltd
Cmp:65
Traded in:Nse-bse
1)The company is going to be a 25000crs turnover company by 2014-15.It ended fy08 with a sales of around 1375crs.Well its actually hard to digest the humangous guidance given by the management but i have to go by Mr Aditya Jajodia"s word as he has got a habbit of beating his own estimates.
2)The company stunned everyone by recently announcing a mega invstment of 16000crs within the next few years.Aggresiveness at its height isnt it?Its marketcap is a mere 500crs but who dares,wins-Proverb should get vindicated.
3)Over the next 15 months expect the commissioning of sinter plant,special/alloys steel,ferro alloys,power plant,coke oven plant,rolling mills,pallet plant and ductile pipes.The company is doing everything that it can to make itself a company to reckon.A big giant in the making.
4)Jai Balaji, at present is an integrated 1.2 million tpa steel manufacturer.It expects to add 2 million TPA in another 40 months (first phase) and another 5 million TPA in the following 30 months (5 million tonnes steel, 3 million tonnes cement and 1,215 MW power plant in Purulia, for Rs 16,000 crore).So Jai balaji is going to be a 8 million TPA company by 2014.At that time it should be the 4th or 5th largest integrated steel company of india.So folks are you going to opt for the next big thing?
Conclusion:The company is in no mood to dilute its equity and assured its shareholders to have a equity cap of not more than 65crs.Now the last point which should tempt anyone to have a pie of the company-It guided an EBITDA margin of 40% by the next 6-7 years.You can surely calculate 40% of rs 25000crs isnt it?Now do onething more,cut back 20% from the total 40% for taxes,interests,depriciation etc.Its the most conservative estimate-So whats the figure coming like?Dont tell me 5000crs of profit-650rs EPS....or it so?Steel companies trades at an average PE of 4-8.Now make your own target based on the estimates.Go for it guys.
...
Well i always look at unique plays and thatswhy you guys would find most of my companies being with monopolistic businesses.These time around am gonna suggest a steel stock-It should be prudent to note that i am not a votary of steel stock at all as they falls under the vagaries of the inevitable boom-doom period of the commodity world.But the stock which am going to recomend now is a pretty unique steel player with ability of beating the trend.Just consider:-
Scripscan:Jai Balaji Industries Ltd
Cmp:65
Traded in:Nse-bse
1)The company is going to be a 25000crs turnover company by 2014-15.It ended fy08 with a sales of around 1375crs.Well its actually hard to digest the humangous guidance given by the management but i have to go by Mr Aditya Jajodia"s word as he has got a habbit of beating his own estimates.
2)The company stunned everyone by recently announcing a mega invstment of 16000crs within the next few years.Aggresiveness at its height isnt it?Its marketcap is a mere 500crs but who dares,wins-Proverb should get vindicated.
3)Over the next 15 months expect the commissioning of sinter plant,special/alloys steel,ferro alloys,power plant,coke oven plant,rolling mills,pallet plant and ductile pipes.The company is doing everything that it can to make itself a company to reckon.A big giant in the making.
4)Jai Balaji, at present is an integrated 1.2 million tpa steel manufacturer.It expects to add 2 million TPA in another 40 months (first phase) and another 5 million TPA in the following 30 months (5 million tonnes steel, 3 million tonnes cement and 1,215 MW power plant in Purulia, for Rs 16,000 crore).So Jai balaji is going to be a 8 million TPA company by 2014.At that time it should be the 4th or 5th largest integrated steel company of india.So folks are you going to opt for the next big thing?
Conclusion:The company is in no mood to dilute its equity and assured its shareholders to have a equity cap of not more than 65crs.Now the last point which should tempt anyone to have a pie of the company-It guided an EBITDA margin of 40% by the next 6-7 years.You can surely calculate 40% of rs 25000crs isnt it?Now do onething more,cut back 20% from the total 40% for taxes,interests,depriciation etc.Its the most conservative estimate-So whats the figure coming like?Dont tell me 5000crs of profit-650rs EPS....or it so?Steel companies trades at an average PE of 4-8.Now make your own target based on the estimates.Go for it guys.
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All set to jump!!
Posted by : rudra_sinha
Thanks coolboy. Well, what I expected yesterday has come today. The upmove was so sudden that it left Nifty Futures at 40 points discount!!! Just one thing is giving me some worry. As per SEBI website, FIIs were net sellers today. If they didn`t buy, who did? Are the DIIs so strong to give the market such a jump? We have to wait and see.
If the inflation figure continues to be down tomorrow, the pullback that we saw today would continue. How long? Well, 3000 is a possibility as of now. We can reassess the situation again once it crosses 2950.
Thanks,
Rudra...
All set to jump!!
Posted by : coolboy007
Dear Rudra ,
IIP nos were way better that expected and we still tanked. Strange , last time we rallied up when IIP first time hit -ve mark. I read your analysis today and let me complement you that you are doin a very good job. Thanks for that. I was short on ICICI and ysterday booked profits , today took 500ca 2 lots expecting a mild rally. Today it wud enter oversold zones and Icici rallies when its in oversold territory though small if mkts dont support. Its anyways having a tremendous support at 415 zone which aint gonna be broken easily. We have lost a significant amt frm 3100 in few days and a retracement is expected now.
Regards...
