Jindal Ployster Buy at CMP of 296 Target 400

Jindal Polyster is leader in polyester which is mainly used in making packaging laminate such as PET,BOPP etc. Company has shown excellent qtr results for Q1-14 ,Q2 results are expected even better with softening of Crude the margin should improve going forward . Expcted EPS of 45-50 for year 14-15 stock going cheap buy for handsome return 1 year target 450

12-11-2014 : Touched 325  Excellent results by U flex should provide necessary pushing and confidence for improved q-2 results for this counter as well,Stay invested,

15-11-2014: Q-2 results are excellent with Rs 11 EPS for the quarter ending September half yearly EPS is Rs 23. Revenue was 674 crores which was flat to negative but margins has improved should touch 350 when market opens on 17-11-2014