If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Thursday, April 17, 2014

Jaiprakash Power Ventures Limited: Steady Upmove Expected
CMP: Rs.16.03
Recently, Jaiprakash Power Ventures Ltd (60% subsidiary of Jaiprakash Associates) concluded the much-anticipated sale of its operational hydro plants for a consideration of about Rs.100 bn. 

JPVL focus to shift on coal-based assets: JPVL sold its ownership in two operational assets—Baspa (300 MW) and Karcham Wangtoo (1,000 MW) —for an asset value of about Rs.100 bn, of which equity value is Rs.38 bn while the balance debt would be assumed by the acquirer. 

Upon conclusion of the current transaction, JPVL will have a debt of Rs.166 bn (assuming entire proceeds are used to retire debt), that will have to be serviced from ramp-up of the coal-based projects—Bina (500 MW) and Jaypee Nigirie (1,320 MW) as well as resumption of Vishnuprayag (400 MW) that has been shut down for most of FY14 on account of the flood.

Meanwhile, Jaiprakash Power Ventures Limited informed on 16th April, 2014 that it's 400 MW Vishnuprayag Hydro Power Plant, which was shut down due to unprecedented floods of very high intensity in the Alaknanda river on June 16th 2013, has resumed power generation w.e.f. April 12th 2014. There are also rumours that the promoters have good connection with Satish Chandra Mishra, a member of Rajya Sabha and General Secretary in Bahujan Samajh Party. It is a known fact that BJP has a history of forming coalition governments with the BSP. If NDA comes to power, then we could see, similar moves from the either parties. 

The scrip should steadily move up from here and touch the target of Rs.21, after crossing the 1st resistance of Rs.17.90. The investors and traders are suggested to buy the shares of the company on all declines. A strong buy is recommended. 
Post a Comment