Query Trends : Jaypee Hotels

Query : I have purchased 50 shares of Jaypee Hotels @Rs.236. The share price is rising like a rocket. Can you please suggest the expected closing price for Dec'07 and Mar'08, also pls through some light on the future prospects of the company. Ashish Mehrotra.

Thebullishtrends : Jaypee Hotels closed yesterday at Rs.248. Jaypee Hotels is a part of Jaypee group engaged in hospitality and construction busienss. Jaypee Hotels owns and operates four five star deluxe hotels, i.e, Agra,Mussorie,and two hotels are in Delhi.

Jaypee Hotels posted a net profit of Rs.1.61 cr on total income of Rs.36.60 cr. The current EPS Rs. 2.21 discounts the present price by P/E 113times. Though P/E is not a problem this type of companies.

Promoters are having 74.78% in total holdings 1.24% share holding with Financial Institutions and General Public is having 14.78 holding only.After considering high promoter stake in the company and low stake of the general public you can expect better returns for this stock. You can hold this scrip for a better returns in future. We are expecting Rs.350 before April'08.