JBF Industries Ltd Stock Quotes and Charts
JBF is a leading polyester chips (PC) maker with 55% market share and is the fifth largest partially oriented yarn (POY) manufacturer in India. JBG has entered into a joint venture with Ras-Al-Khamaih (RAK) in UAE to manufacture PET chips and films. JBF has an installed capacity of ,34,800mtpa of PC and 1,50,000mtpa of POY in India. By July 2008, JBF expects to ramp up capacity in the PC segment to 5,50,800mtpa. JBF has also entered into a joint venture with RAK, UAE to manufacture PET chips and films, in which it currently holds 60% and is planning to increase it to 80% in FY2009. <br>Buy recommendation -Target price of Rs250, giving an upside of 31%.<br><br>
economictimes recommendation from anand rathi fin services:<br>JBF target price 150...
JBF Industries target to achieve Rs 5,000cr sales in FY10.The company is looking at expanding its yarn capacity.<br>JBF Industries Ltd has informed BSE that the Company has signed MOU with Oman Oil Company (part of Oman Refinery) owned by Government of Oman for setting up a 1.2 Million (12 Lacs) Tonnes per annum Purified Terephthalic Acid - PTA plant at Oman as a Joint Venture, at an approximate cost of USD 680 Million.<br>Now as it crosses 100,can toch the target of 150.....<br>
delta in the company has improved in PET business from rs 6.87 per kg to rs 10.27 in 1st qtr, which likely to be above rs 11 in sept qtr.on the other side , foreign exchange losses is uncertainty.QIP will dilute equity.<br>one can reduced exposer in this stock time to time by booking profits.
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