Buy Jainco Projects.... Short term Target Rs 10

 
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Jainco Projects (India) (JAINCO, BSE 526865) is engaged mainly in the business of real estate and financial services. The main activities include construction of commercial and residential complexes, housing, trading in shares and securities, investments, hire purchase, leasing, trading of LPG and other activities. 



Sales Turnover : March 2005 - 0.63 Cr, March 2006 - 0.57 Cr, Mrach 2007 - 1.09 Cr, March 2008 - 0.51 Cr, March 2009 - 9.65 Cr, March 2010 - 28.64 Cr, March 2011 - 37.98 Cr. 

Net Profit : March 2005 - 0.00 Cr, March 2006 –(- 0.05) Cr, Mrach 2007 – 0.00 Cr, March 2008 - 0.00 Cr, March 2009 – (+0.03) cr, March 2010 – (-0.03) Cr, March 2011 – (+.08) cr. 






The company has shown a steady increase in Sales and came out of Loss to Profit now. See the share price movement in last week after the results... 2.67, 2.8 (+5%), 2.94(+5%), 3.08(+5%), 3.23(+5%), 3.39(+5%). This will touch Rs 10 soon. Buy now to get excellent returns
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