A company founded by Gaur in late 1960's is a conglomerate which focus on infrastructure space.
The sectors they focus are Cement,Engineering,Sports,education ,power and realestate
The company Main brand is the JP cements which is one of the flagship product of the company
They are also pioner in ydor power project with many succesful hydro projects in operation.
There Golf course and FI budda track show the company ability to meet international standards
Their Main problem has been the mountain of Debts that they have accumulated.
But now the managmeent has realized it and started selling some of its assets to reduce the debt
As part of the restructuring they are selling thier Cement plant to Ultra tech.
They have total debt of 550 billion of which the company is planning to reduce to 400 billion this year 2014.
So if they go at this pace they will be debt free company in another 3 yrs time frame.
With debt reducing we see EPS improving and hence we see this stock close to 120 Rs minimum.
One can invest in this stock for 3 yrs time frame.
