Jindal Steel & Power Ltd. has informed the Exchange that the
shareholders of the Company have, in their Extra-Ordinary General
Meeting held on September 04, 2009 approved issuing of 5 bonus shares
of Re. 1/- each on every existing equity share of Re. 1/- each.
Further, the Company had informed the Exchange regarding the closure of
the Register of Members and share transfer books of the Company from
September 16, 2009 to September 17, 2009 for determining the
eligibility of shareholders for payment of dividend for the year
2008-09. The Company has now informed the Exchange that the Book
Closure dates as mentioned above shall be treated as applicable for
determining the eligibility of shareholders for : (1) Payment of
dividend for the year 2008-09; and (2) Issue of Bonus Shares.
I wish I had bought JSPL @ around 2100 but my critieria of not buying stock above 15kcrs market cap didn't allow me to do the same.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Large caps will at best be a market performer. Earnings won't grow above 20%. My definition of large cap is market cap > 15k crs.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
It seems like Jindal Power IPO will be valued at a market cap of around 30,000crs.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Joined: 05/Oct/2006
Location: United States
Online Status: Offline
Posts: 355
Posted: 15/Sep/2009 at 10:47am
At this rate you would never invest in a reliance or hdfc which have been growing earnings YOY at 20-30% for the last 15 years+. Earnings growth has nothing to do with mktcap, but with the opportunity available.
Joined: 08/Jan/2010
Location: India
Online Status: Offline
Posts: 38
Posted: 09/Jan/2010 at 1:01pm
Is anybody valuing JSPL currently for long term? A visit to their website will leave you amazed . Because everything is so beautifully integrated.But the question is the project implementation risk to high.
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. Because everything is so beautifully integrated.But the question is the project implementation risk to high. 
