( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 1st June 2009
J P Associate Ltd : Rs 207.50
Notable Observes :
- Jaiprakash Associates Limited (JAL) was incorporated in the year 1996. The Jaiprakash group is a well-diversified infrastructure industrial conglomerate in India.Its leader in Engineering and Construction, Cement, Private Hydropower, Hospitality, Real Estate Development, Expressways and Highways.
- JAL is the company having the certification of ISO 9001: 2000, ISO 14001: 2004 and OHSAS 18001: 1999..
- The Engineering and Construction wing of the group is an acknowledged leader in the construction of multi-purpose river valley and hydropower projects.
- Jaypee group is the 4th largest cement producer in the country. It produces Ordinary Portland Cement and Pozzolana Portland Cement under the brand names 'Buland' and 'Buniyad'. Its Cement Division currently operates with an aggregate capacity of 7.0 MTPA.
- Jaypee Group, an integrated power player in the country after having established a strong presence in the Hydro-Power Sector has initiated its entry into Thermal Power Generation, Power Transmission and also forayed into Wind Power.
Share Holding Pattern :
- Promoters : 45.24 %
- Public : 54.76%
Technical Overview :
- The stock On Weekly Chart is forming "Higher Tops & Higher Bottom Formation" and has closed above the 200WMA. The volumes in the counter are increasing,indicating the stock to outperform in short term.The stock is recommended to buy cmp Rs 207.15 and add in dips with Short term view.
Support Levels :
- Support 1 : 191
- Support 2 : 171
- Support 3 : 161
Stoploss : 140 on closing basis.
Targets :
- Target 1 : 225
- Target 2 : 290
- Target 3 : 334
Period : 4 to 5 months.