Oct 31, 2007

Delivery Pick's .... 01/11/07

Buy @ Cmp :: Delivery Calls ( Medium to Long term Hold )

Buy Adani Entp ( @ Cmp )

Target 1 -- 830
Target 2 -- 865
Target 3 -- 890 +
Stoploss -- 780

The stock will see buying in coming session as the Mundra port & sez ipo opens tomorrow as they are promoters of that company . Also it is planning to go public with its real estate & power business which is seeing a huge expansion in Maharashtra & Gujarat. Adani is a very diversified company with various business Interests in Gas distribution,Agro & Agri products,Vegetable Oil production & Power.

Adani Enterprise -- Target -- 1150 + ( 8 to 12 months hold )

Buy Jindal Steel & Power ( On Dips )

This Stock was Given Buy in our earlier posts ( nearly on 3000 + levels ) Which has achieved all over target till date & has Zoomed to 12000 + in todays trading session on back of superb Q2 Numbers. The Stock is a long term Multibagger hold in a investor's portfolio.

If Today Stock Prices's of RIIL & Jai Corp are Justified at these levels then this stock deserves to be Right up there among the best. The Business Model of the Company being so strong & with a Sound Management the stock will scale New Heights in Coming Time.

Jindal Group May see a Restructuring in coming time due to its complex web of cross holdings in various group Companies as all this gets solved in coming time which will benefit Shareholders in near future.

BUY Jindal Steel & Power -- Target -- 18000 + ( 1 Year Hold )

Note :

JSPL is planning another 1,300MW of power projects in its subsidiary JPL, which will take 3 years to complete. It is also undertaking projects in Orissa and Jharkhand, which will increase its resource base of iron ore & coal mines.

We believes the stock re-rating will continue due to pipeline of projects. The stock trades 15.7 times 2008-09 estimated and 12.2 times 2009-10 estimated consolidated earnings.

On BSE today, JSPL shares closed up 25.64 per cent at Rs 11,884.40


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