With CNBE TV18, Mr. Tulsian, Investment Advisor, Said

The guidance given by the Jaiprakash Associates management has given an indication of Rs 12 EPS (Earnings Per Share) which gives a growth of about 50%. In fact the best part is that the real estate segment has contributed about Rs 200 crore EBIT (Earnings Before Interest & Tax) in the FY09 and the work on Yamuna Expressway has been started. Cement capacity is getting increased from 13 million to 25 million over next 18 months, strong presence in construction then consolidation of hotel and other space.

If someone can keep a six months view, they should see the price going up to Rs 200. Also maybe some political talks comes in that, the management or the promoters are very close to Mayawati and any outcome. But I do not think they can give any direction for the stock. If the fundamentals remain intact or on a growing trajectory there is no reason for the stock to under perform, so positive call on the stock, keep a six months view to expect the Rs 200 price.