JITF Infralogistics (JITF) was recommended by us at Rs. 34.50 on 11th Aug, as Multibagger. Thereafter it was covered in MG section here on 17th Aug, when it was ruling at Rs. 44. Share is now ruling at Rs. 78, locked in UC. We called the stock a GOLDMINE, over the next 5 years, seen capable of giving 4x,5x, 6x, 7x, 8x ........ kind of returns in this period. Stock has already more than doubled in less than 1 month.
JITF is redefining existing norms in the areas of Water, Wastewater & Solid Waste Management, Logistics and Transportation Equipment Fabrication through its subsidiaries. This is an O.P. Jindal Group company, with paid up equity of just Rs. 5.14 cr (FV Rs.2), with promoter stake of 63%, with 28% stake held by 31k shareholders. Institutional holding is just at 5%. Hence, m cap is at Rs. 195 crore only.
Stock is in T2T, where entire volume is marked for delivery. From 11-8 to 2-9, total cash volume was at over 16 lakh shares, which is about 22% of retail float of 72 lakh shares. So, low float is making share availability difficult now, as no earlier buyer is seen seller.
However, no stock can keep hitting UC every day, and one day will hit LC, maybe for couple of days only. It will surely happen with JITF as well, but difficult to say at what rate? Maybe, at 100-125 or 150? But, if we have bullish view for the next 5 years, one should buy it then. But maybe, then will get queries from few impulsive and dancing members, asking view on the stock, because such members are seen eager buyer on the stock, only till it hits UC, as they have no respect for fundamentals or bullish view over LT.
So, best way to buy JITF, when it hits LC.
No need to rush in the morning at 9 am to place order, or no need to do Fastest Fingers:)
We will see then, of what we have narrated :)
This is not a Buy or Sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.