Hi Anid,
Thanks for your reply on the other thread! As per your suggestion I am posting my query here!
Following is a short attempt to summarize my query(ies) reg. Jai Corp!
1) Do you think it will be a good buy at this level (despite / regardless to the Face Value aspect of it)? I guess i can buy it around 1100 Rs. may be tomorrow or on Monday, when it will be open for buying..
2) What kind of target we can envision for this kind of stock, my research and readings says its a very risky stock, provided I am ready to risk some of my % of investments.
3) As the concept of SEZ's will bound to grow do you think it is going to benefit jai? As I read thru some of the details on Jai Corp Website last night.
4) The Mgt. body is very strong for this company, this is my personal thinking hence, it is an obvious Positive point) Big names are associated with this if you take a peek at their profiles.
5) Do you think it has potential to touch 15,000 again?
I hope that is it for now! I look forward to your reply when you have some time. In short, envisioning Lottery here.
Have a Great time Mate! Wish you Very Happy Navratras, Durga puja to you and your family!
Regards,
MiLiND
Hi Milind,
Thanks for all the Wishes and I wish you and your family the same.
Initially I told that the scrip will go upper circuit till 12 Oct. And it has been on upper circuit from 21st Sept to 12 Oct .
Now me myself and my team is divided on the opinion for the scrip-- in two ways:
1. It will Go Lower circuit (5% down every day) from Monday for a week or so, giving chance to new investor to enter and profit booking to the short term holder, who may chicken out in panic.
2. The scrip will be in Upper circuit at least till 2500 level, whichever way the market goes.
I am supporting the point 2 (As the interest of investors is increasing everyday for it).
But if you are defensive player you can wait till next Tuesday and then decide when which trend is followed.
If you ask me a 3 month level, I can bet on a level of 3500 at least by end of Jan08. Weather it will again go to 15000, its too early to say that.
Don't Bother for SEZ and all, as I am quite sure that Jai Corp will diversify there venture in Telecom and Power sector soon.
And once they declare that, we will again see a rain of upper circuit. 15k Level may be quite far fro now , but not unreachable. Who could even think that even the original scrip will make to 15k level before split?
Its funny, that it is such a scrip that you can not buy as it is locked in Upper Circuit most of the days.
You must have strong nerve to hold onto such scrip when you see its going down by 5% daily, instead of going up. So only those, who are having "loose all or gain all" mentality should enter the scrip. Other can just put 10% of their equity fund and enjoy a fun ride.