This is a SPECUALTIVE Recommendation.....
buy jpt securities ... @47....
60 % has been aquired by nikhil gandhi @32 ....
nikhil gandhi is right hand of mukesh ambani and has pioneered MUMBAI SEZ ,
chandigarh sez , PIPAV port , PIPAV shipyard ..he is the main man who look after
mukesh ambani group's infrastructure foray ..jai corp (he was the main person
for the shre price rise and not anand jain )and horizon infrastructure ( from 40
to 1800 in 1 year) are companies owned by him ..
open offer is @32 for 20% more ....
price target 2000 in 1 year .. look like he is going to put some infra projects
and will do a backdoor listing
Basically one is buying a nikhilgandhi /mukesh ambani company for 15 crore
market cap is too cheap ...
If one see Reliance infrastructure which has market cap of 2000 crores just
because it belong to that group ..although it has no PAT to justify that
valuation.
so JPT looks like multibagger once new business plan out.
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