Indian Stock Picks - Share Ideas , News, Fundamentals

Jaiprakash Associates has declared second quarter results. The company’s Q2 net sales were up 54% at Rs 1,824.3 crore versus Rs 1,182.6 crore, YoY. The company’s net profit was up 328.57% at Rs 870.2 crore versus Rs 203.1 crore, YoY. The board of directors has declared interim dividend of 27% (Re 0.54 per equity share of Rs 2/-) for the year 2009-10.It has decided, subject to the approval of shareholders, to issue one bonus equity share of Rs 2/- for every two equity shares of Rs 2/- each held in the company on the record date to be fixed in due course.

Today when market is below 18,000 marks, down by a whooping 1500 points, amidst the gloom and astonishment all round, it has thrown unique opportunity for buying. Moneycontrol.com has listed some value picks. Radico Khaitan is one of them, with a current market price around Rs 130. The stock has corrected nearly 45%, from its all-time highs of around Rs 220. Alok Industries is another stock, where the stock has corrected nearly 25%, from its 52-week high of around Rs 110. JP Associates has corrected nearly 21%, from its 52-week high, of around Rs 510. It's current market price is hovering around Rs 400. Inox has corrected 30%, from a 52-week high, of around Rs 242. Noida Toll Bridge has corrected 28% from its 52-week of around Rs 85. India Infoline’s price target is at Rs 107. Saregama has corrected nearly 34%, from its 52-week high of around Rs 388. Aban Offshore has corrected nearly 25%, from its 52-week high, of around Rs 5,416. Read in detail