JAYPEE HOTELs - worth watching

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.


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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?

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