Saturday, February 20, 2010


Dear Maheshbhai,
I have bought 3000 shares of Jindal Cot @ 116 and just waiting to come out of it.
Ask by shri Dharmesh Ruparel
1. jindal cotex is an textile company and new listing at 22.09.2009
2. promoters hold 54.99 percent in jindal cotex is good and FII hold 9.35 percent is also good sign.
3. Jindal Cotex Ltd has expansion plan of 28800 cotton spindles to be set up at Village Mandiala Kalan, Tehsil Khanna, Dist. Ludhiana, the Company has installed 13200 spindles, out of which commercial production of 8400 spindles has been started and production of 4800 spindles will be started in the coming month. The balance spindles have already been ordered and will be commissioned in due course of time.
4. I already expected a bull run in textile sectore in 2011-12.
5. so in my view this is a hold and you have no need to worry about this share in long term. But you may wait for 2-5 years till company sell and revenue up currenatly dec 09 EPS of company is 0.53 paisa only so estimated EPS of FY 09-10 is near about 2 and i think 30-50 is a fair value for jindal cotex.

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