|Jaypee Nigrie Super Themal Power Project|
Tuesday, March 10, 2015
WINNING STROKES: THINK DIFFERENT
Today, the stock of Jaiprakash Power Ventures Ltd was recommeended around Rs.11.50--11.70. The scrip though closed at Rs.11.33 in the BSE and Rs.11.50 in the NSE today, but will move up in the short term, due to two very positive news: (i) Many analysts have started to put a buy on the share of Jaiprakash Associates Ltd which will have a positive effect on all the group companies and (ii) Jaiprakash Power Ventures Ltd recently announced that the Second Unit of 660 MW of the Jaypee Nigrie Super Themal Power Project or JNSTPP has started commercial operation with effect from 00.00 hours of February 21, 2015. Jaiprakash Power Ventures Ltd earlier announced on September 03, 2014, regarding the commencement of commercial operations in the First Unit of 660 MW (2 x 660 MW - 1320 MW), Jaypee Nigrie Super Themal Power Project or JNSTPP (A Division of Jaiprakash Power Ventures Limited). Thus, 1320 MW JNSTPP of the Company stands fully operational. Therefore, a strong buy is recommended in the counter for a target of Rs.14, in the short term.
Rasoya Protein Ltd hit another buyer freeze in the BSE at Re.0.53. In the NSE the scrip touched Re.70, hitting another upper circuits. The scrip will be slowly moving towards Rs.3, in the coming days.
Western India Shipyard Ltd today hit the lower circuits, after profit booking was suggested in the counter, a couple of days back. The scrip has given more than doubled in the last one month.
Those who are holding the shares of Gitanjali Gems Ltd (Rs.48.25) have reasons to cheer as the government in an attempt to utilize the idle gold in the economy, is likely to launch the gold monetisation scheme and sovereign gold bonds by May, 2015 according to ET Now. This paves the way for a reduction in the gold import duty, in the short term. Moreover, the government of India should come up with measures to give cash incentives to the jewelers, who are into exports. The current 10% import duty on Gold makes the exports expensive and therefore, makes them less attractive to the overseas buyers who are generally cost conscious.
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