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Jindal Steel & Power
multibaggerstockadvisor.blogspot. com
Posted by :
GuestTracked by: 0 Boarder
are the valuations attractive shall we take positions now or should wait a while...
NSE Announcements on Jindal Steel
Posted by : MMB MessengerTracked by: 0 Boarder
Jindal Steel & Power Ltd. has informed the Exchange that: "Jindal Power Limited (JPL), subsidiary of the Company, has on September 05, 2008, commissioned fourth power generating unit of 250 MW. With this, the subsidiary Company has completed the 1000 MW power project and has now the capacity to generate 1000 MW power from this plant. This Power plant is located at Raigarh in the state of Chhattisgarh."...
BSE Announcements on Jindal Steel
Posted by : MMB MessengerTracked by: 0 Boarder
Jindal Steel & Power Ltd has informed BSE that Jindal Power Ltd (JPL), subsidiary of the Company, on September 05, 2008 has commissioned fourth power generating unit of 250 MW. With this, the subsidiary Company has completed the 1000 MW power project and has now the capacity to generate 1000 MW power from this plant.
This Power plant is located at Raigarh in the state of Chhattisgarh....
buy around 1800
Posted by :
ustaad007Tracked by: 0 Boarder
Bu arround 1800 and keep it for 3-4 monhs only and a good reward will be yours....
stock will surge atleast 100% to 4000
Posted by : ustaad007Tracked by: 0 Boarder
Todays target will be 1830-40...
In reply to:
stock will surge atleast 100% to 4000
Posted by : Guest
No chance to touch Rs.4000 in fact it will drift down on two accounts:
Thier projects at Angul are delayed due to land issues they are paying heavy interest on the loans and also damrages.
Steel prices are all set to taper off on account of less global demand.
Therefore stay away from this counter 
stock will surge atleast 100% to 4000
Posted by : GuestTracked by: 0 Boarder
No chance to touch Rs.4000 in fact it will drift down on two accounts:
Thier projects at Angul are delayed due to land issues they are paying heavy interest on the loans and also damrages.
Steel prices are all set to taper off on account of less global demand.
Therefore stay away from this counter...
In reply to:
stock will surge atleast 100% to 4000
Posted by :
stockguru_money
jindal steel and power with superb numbers this time will surge to 4000 level from 1925.the company has witnessed76% increase in net profit andeps and 51% increase in cash profit at about 1768 cr........buy tis stock as it is going to be benefitted from nuclear deal also...
stock will surge atleast 100% to 4000
Posted by : stockguru_moneyTracked by: 0 Boarder
jindal steel and power with superb numbers this time will surge to 4000 level from 1925.the company has witnessed76% increase in net profit andeps and 51% increase in cash profit at about 1768 cr........buy tis stock as it is going to be benefitted from nuclear deal also......
bought jindalsteel
Posted by : anitasingla1Tracked by: 0 Boarder
cash flow is total production,its sale value,but ultimately wat we gain is net profit,is not it ?...
In reply to:
bought jindalsteel
Posted by : namit_r
Don't go by assets in book but go by the cash flow that these assets generate. That's how one values the assets. The assets of Jindal Steel were acquired by a spin off of Jindal Strips - so the book value would be a depreciated figure. A multiple of 16.5 on a cash profit of about 1700 Cr. is very reasonable. Their last unit of 250 MW of Power plant in Chattisgarh will commenced in August 08. So expect better profits this year.
bought jindalsteel
Posted by : anitasingla1Tracked by: 0 Boarder
they are going to install one more thermal plant of 1000 mw capacity @ 21000 crore,from where they bring this money when their profit is only 600-700 crores,if banks finance them?or they mortgage the plant...
In reply to:
bought jindalsteel
Posted by : namit_r
Don't go by assets in book but go by the cash flow that these assets generate. That's how one values the assets. The assets of Jindal Steel were acquired by a spin off of Jindal Strips - so the book value would be a depreciated figure. A multiple of 16.5 on a cash profit of about 1700 Cr. is very reasonable. Their last unit of 250 MW of Power plant in Chattisgarh will commenced in August 08. So expect better profits this year.
bought jindalsteel
Posted by : namit_rTracked by: 0 Boarder
Don't go by assets in book but go by the cash flow that these assets generate. That's how one values the assets. The assets of Jindal Steel were acquired by a spin off of Jindal Strips - so the book value would be a depreciated figure. A multiple of 16.5 on a cash profit of about 1700 Cr. is very reasonable. Their last unit of 250 MW of Power plant in Chattisgarh will commenced in August 08. So expect better profits this year.
...
In reply to:
bought jindalsteel
Posted by : anitasingla1
total assets of jindal steel are 6000 crores & marcket cap 28,000 crores.on wat basis ,people are holding shares worth 28,000 crores when real money to be realised against these shaes is only 6000 crores,which is hardly 25%,is it money of goodwill?
bought jindalsteel
Posted by : anitasingla1Tracked by: 0 Boarder
total assets of jindal steel are 6000 crores & marcket cap 28,000 crores.on wat basis ,people are holding shares worth 28,000 crores when real money to be realised against these shaes is only 6000 crores,which is hardly 25%,is it money of goodwill?...
In reply to:
bought jindalsteel
Posted by : namit_r
In the immediate short term, I think it has support around Rs.1700 +/- Rs.50 levels. May drift downwards in coming days because of negative outlook on steel in the short term. The Indian Steel sector is suffering from higher raw material cost and inability ( due to govt.pressure) to offset that by increasing price.
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
its tough to make gains in such volatile market but with a strong backing giving directions on eneter and exit can really help to drive handsome gain from this market...
bought jindalsteel
Posted by : namit_rTracked by: 0 Boarder
In the immediate short term, I think it has support around Rs.1700 +/- Rs.50 levels. May drift downwards in coming days because of negative outlook on steel in the short term. The Indian Steel sector is suffering from higher raw material cost and inability ( due to govt.pressure) to offset that by increasing price....
In reply to:
bought jindalsteel
Posted by : rupesh_c
i have bought jindal steel at 2174 what should i do how much low it will go
bought jindalsteel
Posted by : rishikulTracked by: 0 Boarder
One more good news is : -
Jindal Steel and Power Ltd (JSPL) said it plans to invest Rs.18,300 crore in Chhattisgarh to set up steel and power plants.
chhattisgarh jindal orissa power steel
According to Pradeep Tandon, vice president (corporate affairs), JSPL, the company has signed a memorandum of understanding with the state government of Chhattisgarh for setting up a 4 million tonne per annum (MTPA) integrated steel complex, including a 1000 megawatt (MW) captive power plant at Raigarh.
About Rs.5000 crore will be invested on the captive power plant, Tandon said.
JSPL already has a 3 MTPA steel plant in Raigarh and had signed an agreement in May 2007 for setting up another steel unit of 3 MTPA. The latest agreement will take JSPL's annual production to 10 MTPA.
The government will help JSPL procure coal blocks and iron ore linkage for these projects, a government official said, in compliance with the state's industrial policy.
Meanwhile, JSPL said construction work on its 6 MTPA steel complex at Angul in Orissa is underway and the first phase is expected to be complete by October 2010.
The company has so far invested Rs.4000 crore in the project towards land acquisition and purchase of equipment. The total project cost stands at Rs.15,000 crore, a top executive at JSPL said.
"Our Angul project is progressing very well and the first phase is likely to be commissioned by October 2010," Naveen Jindal, executive vice-chairman and managing director, JSPL, said.
In the first phase, the Angul complex will have a capacity of 3 MTPA, Jindal said.
In addition, Jindal said, the company will also invest Rs.5000 crore on setting up a 1500 MW power plant....
In reply to:
bought jindalsteel
Posted by : rishikul
One of the posts on 1st-Aug-08 on moneycontrol says target is 2600.
Hem Securities has initiated a buy rating on Jindal Steel & Power with a target price of Rs 2600 in its July 26, 2008 research report. "The company posted excellent financial figures for the quarter ended June 2008. The net sales for the company gone up by 54.96% to Rs 18953.10 million for the Q1FY09 as against the net sales of Rs 12231.30 million for the Q1FY08. The net profit for the company rose to Rs 4023.10 million for the Q1FY09 in comparison to net profit of Rs 2501.10 million for the Q1FY08 with the growth rate of 60.85%."
"The stock at the current market price of Rs 1908 is trading 21.15 times to its earnings of 90.21 Rs (TTM) and 7.24 times to its book value of Rs 263.39. We initiate a ‘BUY’ signal on the stock at the current levels with a target of Rs 2600 in the medium to long-term investment horizon with an appreciation of 36.27%," says Hem's research report.
bought jindalsteel
Posted by : rishikulTracked by: 0 Boarder
One of the posts on 1st-Aug-08 on moneycontrol says target is 2600.
Hem Securities has initiated a buy rating on Jindal Steel & Power with a target price of Rs 2600 in its July 26, 2008 research report. "The company posted excellent financial figures for the quarter ended June 2008. The net sales for the company gone up by 54.96% to Rs 18953.10 million for the Q1FY09 as against the net sales of Rs 12231.30 million for the Q1FY08. The net profit for the company rose to Rs 4023.10 million for the Q1FY09 in comparison to net profit of Rs 2501.10 million for the Q1FY08 with the growth rate of 60.85%."
"The stock at the current market price of Rs 1908 is trading 21.15 times to its earnings of 90.21 Rs (TTM) and 7.24 times to its book value of Rs 263.39. We initiate a ‘BUY’ signal on the stock at the current levels with a target of Rs 2600 in the medium to long-term investment horizon with an appreciation of 36.27%," says Hem's research report....
In reply to:
bought jindalsteel
Posted by : rupesh_c
i have bought jindal steel at 2174 what should i do how much low it will go
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