Jai Balaji Industries Ltd which was recommended only a couple of days back in this blog and in SumanSpeaksPlus, hit the Upper Circuits today. Long term investors should understand the hidden value in the shares of the company. The scrip will be moving towards Rs.31-32 in the short term.
As expected Shiv-Vani Oil and Gas Exploration Ltd (Rs.22.45) hit the upper circuits in the morning trade. The company is implementing the CDR package and have also got waiver of interest in its debt. The shares of the company should bounce back from here as the government of India gradually liberalizes the Oil and Gas sector. Moreover, any hike in the natural gas price would be a big booster for the share price.
Allied Digital Services Ltd (Rs.22) today closed flat. The scrip is finding difficulty to cross Rs.22.50-23 ranges. However, the future of the company looks good, after FY14 results were declared. It is to be noted that Allied Digital Services Ltd fell from around Rs.400 plus in 2008-09 to the current price of Rs.22. However, the book value of the shares of the company is still Rs.149.40 and the EPS is Rs.2.77. A decent P/E rating of around 15 can take the scrip to around Rs.39-40, in the next few months. The scrip is languishing in the T-group, for weeks even though there is hardly any volume in the counter. Today the total shares traded were only 8287 and so is the 2-week average quantity. Unfortunately, the regulators have destroyed the whole of Indian Markets.