|Particulars Jai Corp Ltd||Quarter Ended||Year Ended|
|Mar. 2013||Mar. 2012||% Var.||Mar. 2013||Mar. 2012||% Var.|
Sunday, May 12, 2013
Jai Corp Ltd: Secular Moves Ahead
Jai Corp Ltd was strongly recommended in this blog with a target of Rs.77-78. Now I enhance the earlier target to Rs.84. Also, the new SL is Rs.65. It was also recommended as a strong buy to the Paid Group members (and also to those who are trading through my recommended brokerage house) on last Friday (10th May, 2013) along with another company where Rakesh Jhunjhunwala holds substantial stake (??). Any guesses, regarding the name of that company??
This is a well managed company, by the half brother of Mukesh Ambani and is diversified. Jai Corp Ltd, came up with good set of numbers for Q4RFY13. Net profit of Jai Corp Ltd rose 80.30% to Rs.18.30 crore in the quarter ended March 2013 as against Rs.10.15 crore during the previous quarter ended March 2012. Sales, however declined marginally by 10.79% to Rs.161.71 crore in the quarter ended March 2013 as against Rs.181.26 crore during the previous quarter ended March 2012. CMP: Rs.68.15.