JAYPEE HOTELs - worth watching

[SHASHIKANT M. HIREMATH]

Hello,
Jaypee Hotels, an associate company of Jaiprakash Group, has fared well as it has posted net profit to Rs.5.27 cr. for 2003-04, as against Rs.2.04cr. for previous year.The book value as on 31-03-04 was at Rs.20.10. While tourist inflow improvement augurs well for hotel industry, the construction segment is also seeing more order bookings. The scrip is worth buying at current price of Rs.23 as mid-term investment. Comments are welcome.

 

[Traderji]

I would recommend to wait for a close above 25.00 before one buys into this stock.

 

[sh50]

I met a trader who squared a majority of his deals at around 3.20-3.25. Does one have to wait for the closing?

 

[Traderji]

I met a trader who squared a majority of his deals at around 3.20-3.25. Does one have to wait for the closing?

I think there is a mix up in the numbers here!

 

[sh50]

I mean 3.20 pm