Wednesday, August 4, 2010

JYOTI LTD - REPEAT

Earlier recommendation was @ Rs.82/-

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JYOTI LTD is a Baroda based company started in 1943 .
It is a well known player in small and mid  sized hydel
systems and engineered pumps. Company is a specialist
in vertical pumps used in lift irrigation schemes.
Godavari lift irrigation project is one of the  prestigious
work of the Company. Starting of new small hydel
projects to boost power production by various state
governments giving better opportunities for company’s
like Jyoti . Companys different type of motors are also
used in industries like windmills , railway.etc. Company
has wiped off all its accumulated losses and currently
having an order book position above 1000 Cr.
For the FY ended company posted a turnover of Rs 291 Cr
and a net profit of Rs .8 Cr v/s Rs.5 Cr net last year.
Company management is now coming out of laziness
and trying their level best to utilize the vast opportunities
available . It is expected to show good performance
 for the next few years .Company is targeting a turnover
of Rs.650 Cr by 2013.Currently it is trading at Rs.92/- .
Long term investors can BUY at current level .

1 comment :

  1. sir icsa is has a capasity of multibagger ? reply sir

    ReplyDelete

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