Note: It would be difficult to make money in these kinds of market conditions, only following this blog, as there are lot of suggestions, last minute news and tips sent to the Paid members during the market hours to maximize their returns, which are not put here. Hence, either join my recommended brokerage house or my Paid Services, to stay ahead of others and to make money from the markets on a consistent basis.
- ENERGY: The govt has eased environment and forest clearance norms to increase coal output and ensure time-bound completion of infrastructure projects. Positive for Sarda Energy and Minerals Ltd ((CMP: Rs.106.05).
- MINING: The Odisha govt has increased iron ore mining cap for two of its mining circles, Joda and Koira, for the current financial year, a source said. Positive for Sarda Energy and Minerals Ltd (CMP: Rs.106.05).
- RETAIL: Foreign multi-brand retail chains would not be restricted to invest the mandatory $50 mln to greenfield facilities alone and are free to buy a brownfield project with the same investment.
- COAL INDIA: The power ministry will approach the cabinet committee on investments to sort out differences with coal ministry over quality of coal supplied by Coal India. An inter-ministerial group has approved 10% equity sale in the company, which is expected to fetch over 170 bln rupees to the government.
Jai Corp Ltd, an Anand Jain managed company has come up with good set of numbers for Q4FY13. Net profit of Jai Corp Ltd rose 80.30% to Rs.18.30 Cr 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. Jai Corp, incorporated in 1985 is 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. CMP: Rs.66.40.
|Particulars Jai Corp Ltd||Quarter Ended||Year Ended|
|Mar. 2013||Mar. 2012||% Var.||Mar. 2013||Mar. 2012||% Var.|