Jkil — jkumar infraprojects

I expect JKIL to easily trade above Rs 1400 within next 2.5-3yrs (at a PE x of 15).

There is a high chance that given the accelerating growth rate, the entire construction sector gets re-rated in which case even a PE of 25-30x might be possible and JKIL can go above Rs 2800 per share. Now obviously this is not the base case we can assume today. But as the performance comes through and sceptics become more comfortable and eventually confident, the stock price can easily go past levels that are difficult to imagine today but would be perfectly reasonable when viewed from a different lens, a lens based on facts reflected in the financial statements.

I guess that is what the best fund managers in the industry are seeing and have taken up sizeable position in the stock.