Jtl Industries -237
Last 5 year profit growth is over 60%
Sector- Structural steel tubes
Trigger -Recent announcement of preferential issue in which promoters will be investing Rs 500 cr at Rs 270/, which itself is atleast 10% argitrage…
Company recently announced Rs 1300 cr of expansion in structural steel tubes in which apl Apollo is Market leader and now jtl is getting very aggressive and valuations wise is cheaper than apl Apollo. Promoters have huge skin in the game and with this mega expansion it opens new growth paths and recently in an interview Amit jeswani of stallion asset bought shares near 196 he’ s superb investor and promoter also bought from open market at 201…volumes are huge nowadays…compare to Apl Apollo they are so small and they are the best candidate who can give a great fight…so that’s a huge opportunity.
Investor and biased
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