Update on JBF Industries

JBF Industries had dipped below 160 but has now started moving. Good volume was seen yesterday and script closed at 168. It will reach target ahead of time. Buy/add in small quantities on dips.

On Mon, Sep 20, 2010 at 11:43 AM, POWERFULPICKS POWERFULPICKS <powerfulpicks@gmail.com> wrote:

powerfulpicks stock opinion: JBF Industries broke above its resistance level and now is poised for some nice up moves. Its products are used by textile industry as well as the food and beverages segment of the FMCG industry. Some usage in pharma sector as well. All these end use sectors are growing quite rapidly. This stock gives dividends regularly and with its expansion plans along with help from Oman Oil, it will be able to keep up with the increasing demand of the next 2-3 years. CMP is 167 So it is a long term play. But I am fairly bullish with JBF in the medium term period as well, with a 6 month target of 192 (+15%).