FREE STOCK TIPS 4 ALL - BUY JINDAL FILMS : FIRSTCALL RESEARCH

Firstcall Research is bullish on Jindal Poly Films (JPFL) and has recommended buy rating on the stock with a target of Rs 486 in its April 23, 2011 research report.

“Jindal Poly Films (JPFL) is India’s leading producer of flexible packaging films. Jindal Poly Films Ltd is a part of Rs 30 Billion B C Jindal Group, A 50- Year Old Industrial Group Offering a Wide Range of Products. During the quarter the company has incorporated three wholly owned subsidiaries. Jindal Poly Subsidiary Awarded Coal Block in Mozambique. Jindal Metal and Mining Limited have entered into a joint venture agreement for prospecting, exploration and mining of coal. Net Sales and PAT of the company are expected to grow at a CAGR of 31% and 88% over 2009 to 2012E respectively.”

“Jindal Poly Films reported a rise of 88% sales in the standalone net sales for the quarter ended December 2010. During the quarter, the company disclosed a standalone profit of Rs 2210.90 million as against of Rs 348.50 million for the quarter ended December 31, 2009. Net sales are increased by 88% to Rs 7290.40 million from Rs 3869.80 million in the same quarter previous year. Total income of the company was at Rs 7440 million, a rise of 88% over the prior year period. Company EPS is stood at Rs 48.02 for the quarter ended December 2010.”
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