Tuesday, August 31, 2010

Jaiprakash Associates Ltd : good fundamental

Dear Mahesh ji,
Can u tell me fundamentals about JP associates, is it good to buy at this level 113-115, at present it is almost at lower level of 52 weeks. I can hold upto 6 months, shall i buy JP infra or JP associates.
Best Regards,
Mahendra Singh
1.shareholding pattern of Jaiprakash Associates Ltd is good because promoters hold 45.97 percent and FII hold 23.76 percent .
2.face value of Jaiprakash Associates Ltd is rs 2 book value 29.35 only so share is still 4 time higher from his book value.
3.Jaiprakash Associates Ltd make his year high 179.82 at 21 oct 2009 .
4.jp associates decalare dividend 0.54 for this year
5.We think this is a FII favorite stock with good fundamental but traded in correction phase after bonus.
6.when this share make his new highs about 245 then technical analysts say on TV that chart is strong… good support…. buy at every dips….remember technical is always fail in this market in long term. Read our article about TV analysts on this link
how analysts on TV confuse investors .
7.JP associate ltd will included in nifty in oct 09.
8.overall i think this is a good company but i not like to invest in it because of his rest period after recant bonus ( generally i saw when a company give bonus share, after x bonus share may enter in a rest zone (low movement zone for 2-3 year)

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