Research Report - JPASSOCIATES cmp -270 ::: Target 350 & 400

[naresh0...@yahoo.co.in]

Jaiprakash Associates Ltd

Incorporation Year 1996
Registered Office Sector 128, Noida - 201304, Uttar Pradesh
Industry Construction
House Gaur Jaiprakash
Chairman Manoj Gaur
Product Name Sales (Rs.in Crores)
Cement 2,046.03
Construction Activities 1,610.72
Clinker 26.67
Hotel Division 21.77
Asbestos Sheets 14.03


Year end Mar 07 Mar 06 Mar 05 Mar 04 Mar 03
Net sales 3719.22 3382.56 2951.90 2615.73 2679.70
Operating profit 1076.17 1207.86 751.77 634.30 597.45
Net profit 414.90 639.99 207.63 169.74 112.17

Financial Position:

Year 2007 2008
EPS(Rs) : 18.37 29.38
Book value(Rs) : 116.95 99.77
PAT (YEARLY ) : 399 284

Market Cap : 33617.7 Cr
Face Value : 2.00
Market Lot : 1.00

HOLDINGS PATTERN :

Foreign Holdings 25.05
Govt. / Financial Institutions 13.42
Corporate Bodies(not covered above) 4.94
Directors and their Relatives 47.68
Other including Indian Public 8.8

LATEST NEWS :
3-Jan-2008 Jaiprakash Associates to announce Q3 results
28-Jan-2008 Record date for Jaiprakash Associates second interim
dividend is 29 January 2008
12-Jan-2008 Jaiprakash Associates net profit rises 52.94% in the
December 2007 quarter
22-Feb-2008 Jaiprakash Associates signs shareholders' agreement with
Steel Authority of India
22-Feb-2008 Jaiprakash Associates' director resigns
21 Feb-2008 Jaiprakash Associates Limited has informed the Exchange
that "The Board of Directors in their meeting held on February 21,
2008 have appointed Shri S C Gupta as Director in the existing
vacancy
12 Feb- 2008 Jaiprakash Associates Limited has informed the Exchange
that the Board of Directors in their meeting held on January 12, 2008
have, inter-alia, declared 2nd Interim Dividend of Re.0.30 per share
of Rs.2/- (15%) absorbing a sum of Rs.34.86 crores (excluding dividend
distribution tax of Rs.5.92 crores) .

JP GROUPS :

Jaiprakash Associates Ltd
Jaiprakash Engineering and Steel Company Ltd
Jaiprakash Hydro-Power Ltd
Jaiprakash Industries Ltd - (Merged)
Jaiprakash Power Venture Ltd
Initial Public Offer :
JP Infratech & Power :
The company requires no fund raising for Taj Expressway as of now. JP
Infra will require investments of over Rs 6,000 crore. Hinting at a
new development that they will look at unlocking value in JP
Infratech.

Technical view of JPASSOCIATES
The Stock has formed multiple Support around 240 price
levels and oscillators are generating Positive divergances on the
daily charts .Stock has support around 238 levels and a break below
would indicate further weakness . The Volume is low for the down
side so its looking good for reverse to the positive zone with
Resistance around 400 levels .
Inference :
Stock has support around 238 levels and a break below would indicate
further weakness. So we are suggesting to Accumulate The stock
with the lower levels and wait for the target of 350 & 400 . The
stock had a good volume to Bounce Back to its Normal level . So many
Mutual fund holdings in J P Assocites , Its looking good for medium &
long term investors.

D.Naresh Kumar
WWW.kences1.blogspot.com