Scripscan:Jaybharat Textiles & Real Estate Ltd
Code: 512233
cmp:407
Story:Jaybharat Textiles And Real Estate Limited principal activities are to manufacture and market cotton yarn by Rotor Spinning. The Group operates in two segments: Textile and Real Estate. The real estate development includes construction of commercial complex, shopping mall, five screen multiplex, restaurants, food courts and commercial offices.Indian Equity Market is overflowing with largely illiterate operators who, however, find clients and get big business in the form of greedy promoters. Knowing that there are millions of gullible investors, many promoters collude with operators to rig up the share price. Such operators create fake volumes through circular trading. Promoters also take help of some brokers who are ready to bring out detailed Buy report `for a price`. Such Buy reports are also uploaded on some websites (belonging to operators) which are accessible free of cost.Projections of 2500crs PAT given by some analysts are completely off the mark, exaggerated and unrealistic with intention of misleading the investors.As per sources, operators have already started selling their holdings and share price appears for a steep fall. Hence, investors are advised to stay away from this scrip and those who are holding this scrip should benefit by selling it immediately.Companies like Jaybharat Textiles & Real Estate Ltd in no way deserves a marketcap of over 15000crs.Moreover, share price pattern also indicates that scrip can fall sharply in coming months.Exit the counter in hurry to save your clothes.
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