Jai Balaji Ind

#4
Well the co. is gonig thru a good phase.

Posted amazing results.

Had an amalgamation (read: Consolidation) with sister concern.

Setting up 5mt steel plant in Purulia. Wud invest Rs. 16,000 crores.(http://www.financialexpress.com/news/Jai-Balaji-group-to-set-up-5mt-steel-plant-in-Purulia/224635/)

Has formed a consortium with JSW Steel Ltd, Bhushan Power & Steel. (http://www.equitybulls.com/admin/news2006/news_det.asp?id=19176).

Last heard it was to buy HEG limited (read: Expansion) for Rs. 100 Crore. (http://www.telegraphindia.com/1070711/asp/business/story_8042560.asp).

Overall the company looks aggresive and on the right path of growth. I am keenly watching the moves coz have few shares bought at 55-odd Rupees. Hope it will reach Rs. 1000 by Mid to End 2008.

It has been in UC for last 10-odd sessions.

Good Fundamentals. Good Technicals too as of now.

Thanks,
Sanjoy
 

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