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Moneycontrol.com >> Message Board >> View Messages >> Jai Balaji Ind
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Is it right time to buy Jaibalaji Industr (14)   25-Apr-08 12:19Tracked by (1)  
Posted by:   rudra_sinha on ( 25-Apr-08 12:19 )
Price : BSE: Rs 335.00 ( 1.73 % ), NSE: Rs. 333.80 ( 0.86 % )
Dear daraili,

ICSA hasn't published their guidance for FY09 yet. Unless we see it, it is difficult to predict a target. We have to wait for their Annual Report.

However, ICSA is in such a sector that you can expect the company to do well and thus a good stock to hold. ICSA is a company with 20% CAGR which is fantastic in my opinion. Recently Singapore government has taken an 8% stake in ICSA. All these are confirming the same fact that it is indeed a good stock to hold.

Technically it is in a positive zone and thus should go up from here. However, you have to track the broader market too to predict a movement in this stock, whether up or down. This stock has a close to 1 beta value.

Hope this helps.

Regards,

Rudra
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