Update:Jaypee Infratech

We advise our followers not to get demoralised by  sensation being created in various sections of media
JIL has 6175 acres of land bank, Yamuna expressway and 2 hospitals. Hospitals itself are worth more than its mktcap. Co spent 13000cr on making Expressway which today will cost 25000+Cr
JIL is in trouble at present but Will come out triumphant
There are media reports that _Govt will sell its assets to deliver homes to home buyers_. Legally, DoW feels it is not possible under existing laws. If it were so, there would not have been hundreds of defaulting builders and govt could very well do same against other builders.  And govt could apply such law against rogue industrialists whose NPAs have driven PSBs on brink of sickness

We reiterate our TP in 3 digits

( DoW had recommended Star Paper at Rs 7 and Mangalam Drugs at Rs 6, I G Petrol at Rs 18-20)