JITF Infra has once again caught the fancy of value buyers. The stock, which at the end of Feb was quoted at Rs.90, has today hit the 5% UC of the day at Rs.170.65, within half hour of opening. Its 52-week high is at Rs.181.95.
As mentioned in our Little Gems section, the company is seeing informed circles buying into the stock, ahead of its Q4FY23 earnings announcement on Friday. The expectation on the Street is induction of a strategic investor in its water vertical; if this does come in (currently rumours only), it will prove to be a game changer for the company.
Our Editor, Mr.SP Tulsian opines - an OP Jindal Group stock, which is presently a significant player in Sunrise Infra space, cannot rule at such a low valuation, that too an operating company having an annual income of over Rs. 1,500 crore, with a market cap of paltry Rs. 440 crore.