Jai Corp - Buy on declines

Company Background 

Jai Corp Limited is engaged in manufacturing polypropylene (PP) woven sacks fabrics and bags, and spinning yarn. The Company's segments include Steel, Plastic Processing, Spinning, Real Estate, Assets Management and Other. The Steel segment is engaged in processing and trading of cold rolled (CR), galvanized plain (GP) and galvanized corrugated (GC) coils and sheets. 

The Plastic Processing segment is engaged in manufacturing of woven sacks/fabrics jumbo bags, high density polyethylene (HDPE) twine, master batch, staple fibers and geotextiles at packaging units. The Spinning segment is engaged in manufacturing spun yarn at its units located at Vasona, Masat and Sarigam. 

The Real Estate segment is engaged in the development of land and buildings. The Assets Management segment consists of investment advisory services. The Others segment includes trusteeship and infrastructure activities, and non-banking finance activities of Jai Corp Finance & Holdings Ltd.

Stock Performance:

During the last 1 year the scrip has given following returns 

1 year - 20%
6 months - 26%
3 months - 12%
1 week - 1%

Recommendation :

Suggested buy range would be Rs.80 and exit around Rs.100.  The scrip is getting support at  80 level and facing resistance at 90  level

Sound financial management, good fundamentals, and great revenue visibility make it a compelling buy. 

Smart Investor -
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

Smart Investor
Mail - intellinvestor@gmail.com

Penny Stocks to Avoid

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Buy on declines - JK Tyres

Company Background 

JK Tyre & Industries Limited is engaged in the manufacturing of tyres, tubes and flaps. The Company's geographical segments include India, Mexico and Others. It offers a range of tires, including passenger car tires, two/three wheeler tires, commercial tires, farm tires and off the road tires. Its range of tires covers the entire spectrum of cars and sport utility vehicles (SUVs), including BMW, Mercedes, Audi and Nano. 

Its commercial tires include truck/bus bias tires, truck/bus radial tires, light commercial vehicle (LCV) tires and small commercial vehicle (SCV) tires. Its farm tires include SONA H/F TRACTOR REAR, SONA 1 TRACTOR REAR, SONA TRACTOR REAR, SONA/SONA 5 TRACTOR TRAILER, SONA TRACTOR FRONT and SONA H/F TRACTOR FRONT. The Company's off the road tires include EG 04 DX, VEM AS, VEM 99, VEM SMOOTH, VEM 027, VEM 045, V-BHSS, V-BH Plus, V-BHTEL/V-BHTEL PLUS and VEM ROCK. The Company also offers services, which include heal the wheel, tire care center and fleet management.

Stock Performance:
One year - 100% plus from a low of 83 it is now trading around Rs.166 doubling in 1 year
6 months - 62% return jumping from 108 to 184  
Monthly  - 14% with a low of 161 and high of 184
Summary - It has resistance above 185 and closure beyond would put in bullish orbit.   

Suggested buy range would be Rs.145 to 150

Recommendation :
Sound financial management, good fundamentals, and great revenue visibility make it a compelling buy. 

Raghav
Research Analyst

Smart Investor 

Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

https://www.facebook.com/SmartInvestor3/

Mail - intellinvestor@gmail.com
Whatsapp - 9880080321

KCP Ltd - Buy

Company Background :

The KCP Limited is engaged in cement, engineering, power and other businesses. The Company's segments include Engineering, Cement, Power, Sugar and Others. It general engineering business offers a range products, such as anvils, cylinder for extrusion process and die molding. Its cement business offers a range of equipment, which includes crushers, rotary kiln, support roller with shaft assembly for kiln, horizontal ball mill, mill head/ends, vertical roll mills and roller press. 

Its power business offers a range of equipment, including vertical coal pulverizer mills, columns, reactors, boiler furnace, condensers, steam drum, storage tanks, deareator, air pre heaters, steel power and gear boxes, and loading frame. Its sugar business offers a range of equipment, such as shredders, head stocks, mills, diffuser, vacuum pans and co-generation boilers. Its other businesses include mining, mineral processing, metals, oil and gas, chemical and fertilizers, space and industrial gases.


Stock Performance:
During the last 6 months, the scrip has given 62% return jumping from 80 to 135.  It has resistance above 145 and closure beyond 150 would put in bullish orbit.   Suggested buy range would be Rs.85 to 90

Recommendation :
Sound financial management, good fundamentals, and great revenue visibility make it a compelling buy. 

Raghav
Research Analyst

Smart Investor -
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

Mail - intellinvestor@gmail.com
Whatsapp - 9880080321

JSW Steel Ltd - Buy on declines

Company Background:

JSW Steel Limited is a holding company. The Company is engaged in the business of production and distribution of iron and steel products. Its segments include Steel; Power (used mainly for captive consumption), and Others, which includes cement, mining and construction activities. 

Its product portfolio in flat and long steel products includes hot rolled (HR) coils, sheets and plates; cold rolled coils and sheets; galvanized products; galvalume products; non-grain oriented electrical steel (CRNGO); pre-painted galvanized products (color coated sheets/coils); pre-painted galvalume products; wire rods; special steel bars/wires; rounds and blooms, and angles. 

Its color coated products include JSW Pragati, JSW Colouron and JSW Colouron+. Its galvanized products include JSW Vishwas and GALVOS. It has plants in over six locations in India, including Vijayanagar in Karnataka, Salem in Tamil Nadu, and Tarapur, Vasind, Kalmeshwar and Dolvi in Maharashtra.

Stock Performance:

During the last one month high.week the scrip has given a low 3.8% return jumping from 185 to 207.  It has resistance above 200 and closure beyond 200 would put in bullish orbit

Recommendation :

JSW is one of the best stock in the Metal sector. The scrip has been outperforming peers in the metal sector showing good strength.

Sound financial management, good fundamentals, and great revenue visibility make it a compelling buy.  Barring these minor aberrations, we expect the stock to rise to 225 levels in a months time frame.  The results announced recently were good showing good growth in revenue and earnings

Buy on declines of around Rs.185 and hold for a target price of Rs.250 holding period of 12 months

Raghav
Research Analyst

Smart Investor -
Equity Research
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

Mail - intellinvestor@gmail.com
Whatsapp - 9880080321