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Tuesday, December 11, 2012
Jai Corporation Ltd: Steady Moves Ahead
Jai Corp was incorporated in 1985. It has traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate.
Another thing which is associated with Jai Corporation Ltd is the name of Mr.Anand Jain, who is the Chairman of Jai Corp Limited, Navi Mumbai SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate, finance and capital markets. Many say he is a very good friend of Mr.Mukesh Ambani.
The stock would first kiss Rs.81-82 and on cross-over would touch Rs.91-92.