#JaiCorp is getting ready for a ride #SuperChartz

Key levels:

Support: 317 to 300 CL

Resistance: 372, 399, 420

Key Drivers:

Jai Corp Ltd, established in 1985, operates in steel, plastic processing, spinning yarn, and investment advisory services. Its revenue mix in FY22 comprised 10% from steel, 89% from plastic processing, and 1% from real estate. The company's geographical split in FY22 was 86% from India, 12% from the USA, and 2% from other regions. Notably, a single customer in the plastic processing segment contributed 68% of the revenue.

Infrastructure projects include investments in two multi-product Special Economic Zones (SEZs) near Mumbai, with substantial land allocation. Additionally, Jai Corp is involved in the development of Rewas Port and an industrial estate near Mumbai through its subsidiary Swar Land Developers Limited.

The company's asset management arm, Urban Infrastructure Venture Capital Ltd, manages funds totaling approximately Rs. 2,434 crore. It also serves as the Indian advisor to Urban Infrastructure Capital Advisors, managing a real estate fund with a capital commitment of US$ 300 million.

In FY22, Jai Corp saw significant production increases in GP/GC coils and sheets, while discontinuing operations in the spinning segment due to scale inefficiencies. Noteworthy transactions include Evergreen Trust's acquisition and subsequent distribution of equity shares, as well as the redemption of preference shares.

Overall, Jai Corp Ltd maintains a diversified portfolio across manufacturing, real estate development, and asset management, with a strong focus on expanding its infrastructure projects and optimizing production efficiencies.
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