Jai Corp Ltd “Diversified Interests”

Out of Top 500 Shares, JAI CORP is one of the Multibagger Stock, identified by Dynamic Research at the end of every month. JAI CORP can be a great investment opportunity which can give you high return. JAI CORP is a well analysed Multibagger Stock, based on our technical and fundamental research, traded in very high volumes.

 

Incorporated in June 1985 as Jai Fibres Ltd, the company was renamed as Jai Corp Ltd in 1994.

 

Traditionally the company had been into manufacturing businesses like steel, plastic processing and spinning yarn. 

 

Business:

 SEZ – With a focus on developing one of the largest SEZ in India, the company has invested in 2 Multi Product SEZ near Mumbai namely Navi Mumbai SEZ (NSEZ), promoted by Reliance Group, SIDCO & Jai Corp, and Mumbai SEZ (MSEZ), promoted by Reliance Group & Jai Corp. Both are strategically located and are being developed as futuristic business hub and gateway for trade, commerce, industry, service and tourism.

Infrastructure - Rewas Port is a green field port development near Mumbai. It is a joint development effort of Maharashtra Maritime Board, Amma Lines, Reliance Logistics and Jai Corp.

Venture Capital – The Company operates its venture capital business through its wholly owned subsidiary, Urban Infrastructure Venture Capital Ltd.

Manufacturing - Poly Woven, Steel, Spinning, Master batches for plastic industries.

Real Estate – Commercial Buildings and Township projects.

 

Products:

Cold rolled steel coil/ sheet, Galvanised plain/ Corrugated coil/ sheet, Woven sacks and bags, and Synthetic yarn.

 

Result Analysis:

The Income from Operations for the quarter ended 31st Mar 2016 stood at 156.43 as against 137.81 in Dec 15 registering a growth of 13.51%. Total Income from Operations appreciated by 13.22% standing at 157.62 vs 139.21. Operating Profit doubled and stood at 28.56 vis a vis 13.32, PAT also doubled to 24.27 from 12.88. The consolidated annual PAT saw a growth by 16.34 crs or 28%. Good rise was seen in the Operating profits which stood at 83.19 vs 66.09 last year. EPS for the year was 3.70 as against 2.94 in the last financial year. The company has recommended a final dividend of 0.50 subject to the approval of the shareholders.

 

Jai Corp Technical’s

Recently stock has surged 34% from low of Rs. 52.20 currently trading at 70.20.

  Date High Price Low Price Last Price Total Traded Deliver Qty % Delivery 18-May-16 71.60 70.00 71.20 839640 116793 13.91 19-May-16 72.25 68.55 68.80 1015425 280012 27.58 20-May-16 69.60 67.70 68.55 663064 195424 29.47 23-May-16 68.85 67.50 68.00 489418 99993 20.43 24-May-16 68.50 65.95 66.50 436720 150270 34.41 25-May-16 68.60 67.25 67.95 638870 153155 23.97 26-May-16 69.00 68.00 68.70 527806 163997 31.07 27-May-16 71.15 68.80 70.90 971760 284812 29.31 30-May-16 72.30 70.10 70.60 1012151 299009 29.54 31-May-16 71.20 68.40 68.80 531744 137655 25.89 01-Jun-16 72.20 68.80 70.05 991734 229886 23.18

 

If we look at above table on 19th May 2016 Jai Corp has shown huge jump in volume and delivery position when price was trading in a range of Rs. 68.55 to Rs. 72.25 same has been witnessed on 27th May and 30th May.This suggests that stock is making base at 68 levels.

 

Immediate target for the stock is at 82.75 which is a 20 week high for the stock. Looking at profitability growth of 25.94% annually the target looks quite achievable in short run.

 

To get more Support and Resistance levels of the share please visit Jai Corp Share Price Forecast.