• We had recommended Jyoti Structures to our investors at Rs 209.90. Our recommendation was backed by reasons like strong financial performance and the booming power sector. Jyoti Structures is a leader in turnkey solutions in the field of high voltage power transmission lines and substations. Now with the sentiments turning weak in the overall power segment, the scrip is trading at Rs 89.70 (down 57 per cent).• Looking at the current situation we recommend the investors to hold the counter as the financial performance of the company has been good. Despite the rising raw material prices, the company has managed to maintain its margins. The current market price of Rs 89.70 discounts its FY08 earnings by 10x. We feel it is lower as compared to its peers and hence
recommend the investors to hold the scrip.
Related posts:
