Sunday, June 25, 2017

Jaiprakash Associates| Multibagger in the making ?

Land Bank is more than Total Debt of the company. Views expressed by experts.

JAIPRAKASH ASSOCIATES LTD

 

JPA has following land bank:

1) 452 Acres Jaypee Greens

2)  1063 Acres Jaypee Greens WishTown

3)  89 Acres Jaypee Green Aman

4) 2500 Acres Jaypee Sports City

*TOTAL LAND BANK IS 4100 ACRES*

Even if around 30% has already been developed, still more than 2500 acres land bank yet to be commercialised. 

_Depending on location, mktvalue ranges from 12cr to 100cr per acre_

Purchase price is peanuts as These land parcels were acquired several years ago 

TP Rs 21 July expiry
TP Rs 60 in 2018
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