Motilal Oswal has recommended a buy rating on Jai Balaji Industries , in its report dated November 6, 2009. The stock closed at Rs 224 on November 9, 2009.
"We believe that Jai Balaji is on a strong growth path. The DI pipe mill will help to increase the share of value-added products, Dumri coal mine and the expansion of captive power capacity will expand margins in FY11. JBI has rich coal resources, which will drive strong earnings growth over the next 5-10 years. We expect FY10 EPS of Rs 16.3 and FY11 EPS of Rs 35 (+115% YoY). The stock trades at 6.5x FY11E PE, 6.6x EV/EBITDA and 1.2x P/B. Reiterate Buy," says Motilal Oswal report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment.........
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| Uninor | Tata Steel | Vodafone Essar | Mahindra Satyam | Commodities | Reliance Industries | Aurobindo Pharma | BSE Sensex | Vodafone | Montek Singh Ahluwalia 
