Jaiprakash Associates

what about jp target

Posted by : hsgouda

i have 3000 shares @ 97/- plz tell s`bady wt i do.

BSE Announcements on Jaiprakash Asso

Posted by : MMB Messenger

Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2008, inter alia, to consider the following:

1. Un-audited Financial Results of the Company for the Quarter ended September 30, 2008 (Q2).

2. Interim Dividend for the year 2008-09.

3. Rights Issue.

Very Good Stock limited Downside

Posted by : libran.

The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing

Very Good Stock limited Downside

Posted by : libran.

Also I want to add that it is pity that we go buy stocks when brokerages come with buy reports. Why can`t we apply our own wisdoms and do the same before they do, wait for few months and once stock goes back to 120 levels all brokerage will come with buy and target price would be 200 plus..happy investing

Very Good Stock limited Downside

Posted by : libran.

The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing

Very Good Stock limited Downside

Posted by : BullSheetRules

Just for info:
--

JP Associates: Not so concrete
Shobhana Subramanian & Varun Sharma / Mumbai September 20, 2008, 0:26 IST

The Street seems to be worried about the company’s expansion plans for cement at a time when demand is expected to slow down.

The Jaiprakash Associates stock fell to a 52 week low in intra-day trades earlier this week. Since it became a part of the BSE Sensex, in mid-March 2008, the stock has come off by 46 per cent –a huge underperformer given that the Sensex has lost just 15.5 per cent during that time. That is somewhat surprising because the Rs 3,985 crore firm did fairly well last year to post an increase in sales of 14.5 per cent and a rise of 47 per cent in net profits.

What seems to be worrying investors is the cement business which contributes about half the company’s revenues. Last year JPA spent about Rs 3,080 crore on capital expenditure of which three –fourths or Rs 2,270, was spent on adding cement capacity--JPA plans to double capacity to nearly 20 million tonnes this year.

However, according to industry watchers, demand for cement is coming off slowly and is expected to grow by just 10-12 per cent over the next three years. It could, therefore, lag supply which is expected to increase by 20-22 per cent compounded annually over FY08-11.

Thus, prices could come off by 8-12 per cent over the next 12-15 months. In the June 2008 quarter, cement and cement products, at JPA, grew by 13 per cent y-o-y with volumes increasing by about 11 per cent and realisations up 1.7 per cent. The segment margin came off by 280 basis to 30.3 per cent y-o-y.

JPA`s construction business should do well since it is executing hydro power projects for a capacity of 4,290 MW. It currently operates 700 MW of hydro power capacity and the order book stands at around Rs 12,000 crore. In the June 2008 quarter, construction and engineering grew 17 per cent with the segment margin up 180 basis to 21 per cent y-o-y.

JPA`s promoters have recently allotted themselves 120 million warrants —about 9 per cent of fully diluted equity-— in addition to the 50 million warrants, priced at Rs 397 per share, allotted in January 2008, and due for conversion in July 2009. At the current price of Rs 135 the stock trades at 24.5 times its estimated FY09 earnings.

Very Good Stock limited Downside

Posted by : BullSheetRules

JP associates will come to 30-35 level if no BULL operator come into picture

Gud luk & happy investing!

JP Associates slides 9.8%

Posted by : kchandanm

what is the future prospects of Jaiprakash Associte?

Very Good Stock limited Downside

Posted by : libran.

Well markets can behave irrational but company`s fundamentals do not change over night, I have been screaming always to buy this share as it is a very good stock, diversified business and if one has to have belief in india growth story this stock is very good pick in infrastructure space, RJ bought Nagarjuna construction at 130-140 levels and stock is now at 55 levels, such stocks will bounce back sharply and I don`t know but my gut feeling tells me that market will bounce sharply too, I could be wrong but it is just a feeling that in Jan - Feb we will be trading much higher... happy investing

Very Good Stock limited Downside

Posted by : libran.

Well markets can behave irrational but company`s fundamentals do not change over night, I have been screaming always to buy this share as it is a very good stock, diversified business and if one has to have belief in india growth story this stock is very good pick in infrastructure space, RJ bought Nagarjuna construction at 130-140 levels and stock is now at 55 levels, such stocks will bounce back sharply and I don`t know but my gut feeling tells me that market will bounce sharply too, I could be wrong but it is just a feeling that in Jan - Feb we will be trading much higher... happy investing

Very Good Stock limited Downside

Posted by : vkk43

Really it is a great news for this share. Normally, many promoters would not go for conversion of their warrants at such a high premium when the market price of their shares fell so sharply. It is their confidence about the company which has enabled the promoters to go for such conversion. Thanks for this info. Keep it up.
One can safely have confidence in this scrip at current valuation, though further weakness depending upon market condition may still b there. For LT investment, it could b OK.

Very Good Stock limited Downside

Posted by : libran.

Jaiprakash Associates Limited has informed the Exchange that the Company has today, the October 10, 2008 allotted 1,00,00,000 Equity Shares of Rs.2/- each for the cash at premium of Rs.395/- per share to Jaypee Ventures Private Limited., a Promoters` Group Company, against the equal number of Share Warrants issued to them at the rate of Rs.397/- per warrant. This is a new or corporate announcement from NSE wensite.. if I understadn correct they have already gone and converted one crore warrants into equity shares... at 397 rupees... this stock seems to be undervalued at this time. Happy investing