Thursday 20 November 2008

Buy Jyoti Structures: IIFL

Jyoti Structures remains IIFL's top pick among all the power T&D beneficiaries. The research firm recommends a buy rating on the stock. "Analysis of the current business mix for the various companies focussing on the power T&D segment indicates that Jyoti Structures and Kalpataru Power would be the biggest beneficiaries from a pick-up in award activity. Both these companies derive 85% of their revenues or order book from the domestic T&D space. Jyoti Structures remains our top pick among all the power T&D beneficiaries," says IIFL's research report

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Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.