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Today, was also a good day for the shareholders of Prajay Engineers Syndicate Ltd. The scrip today moved to Rs.11.14, in the BSE before closing at Rs.10.84. It is a huge company and many do not know that it is also into hospitality sector. The stock was recommended to the Paid Members at Rs.10.30-10.40.
Today also, Western India Shipyard Ltd continued its upward journey. The scrip touched a high of Rs.2.65 intra-day before closing at Rs.2.58. The company's gradually improving fundamentals is likely to take the scrip above Rs.5 in the coming days. Thanks to all those who believed in my recommendation and continued to add the scrip on all declines or held the scrip even though it was falling, precariously.
As expected Jaiprakash Power Ventures Ltd (Rs.14.08) went in for a mild correction today, after a whirlwind rally during the last few days. Congratulations to all who entered the scrip early and make decent returns on their investments, within a very short time. The company is coming up with results tomorrow, which according to my close sources is expected to be good. The scrip was again recommended today at around Rs.14.10-14.20, for a target of Rs.17-20, by the end of next week. Jaiprakash Associates Ltd on the other hand closed in the green at Rs.33. The scrip would now slowly move towards Rs.40-41, in the coming days. Jaypee Group is India's third largest cement producer and the largest private sector hydropower company with 1,700 MW in operation. The Jaypee Group successfully completed projects in 18 states of India and Bhutan. Jaypee is the engineering and construction company for India's Yamuna Expressway, which opened 9 August 2012. According to Wikipedia: JIL, the group flagship, has an engineering and construction wing which mostly supports Jaypee projects. It also has the largest land bank in India's National Capital Region, i.e., New Delhi. Jaypee has four thermal power plants totalling 5,120 MW under construction, and these are slated to go on stream by December 2014. Besides, the Business Standard, October 27, 2014 writes:
Business Standard has identified some of the companies having potential for strong RoE expansion, of over 300 basis points (bps) in both FY15 and FY16, and robust earnings per share (EPS) growth, based on consensus Bloomberg estimates. Most of these companies belong to beaten-down cyclical sectors and, hence, are likely to witness significant RoE expansion with a revival in macroeconomic growth.Of the BSE 500 companies, about 30 are likely to witness RoE expansion of over 300 bps each in FY15 and FY16. Of these, 12 are likely to turn profitable over FY14-16 versus a loss in FY14. Four are likely to report a higher compounded annual growth rate (CAGR) in EPS over FY14-16. These are Jaiprakash Power Ventures (up 334 per cent), Ramco Cements (up 311.9 per cent), Motilal Oswal Securities or MOSL (145.6 per cent) and Gujarat Fluorochemicals (118.6 per cent). Barring Lanco Infratech, all other companies are expected to post an earnings CAGR of 26 per cent, to 94.6 per cent over FY14-16.