Technical Analyst, Rajat K Bose is of the view that investors can buy Jayshree Tea and Industries stock to achieve a short term target that lies between Rs 180-210.

According to him, interested investors can purchase the stock around Rs 157 with a strict stop loss of Rs 152.

Shares of the company, on Wednesday (May 21), closed at Rs 162.35 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 939632. Current EPS and P/E stood at 9.57 and 16.96 respectively. The share price has seen a 52-week high of Rs 185 and a low of Rs 93.5 on BSE.

The company’s board, at its meeting held on April 25, 2008, recommended a dividend for the year 2007-08 @ 25% i.e. Rs. 2.50 (Rupees Two & paise fifty only) per share on equity share capital of Rs. 10.67 crore. The Share Transfer Book shall remain closed from June 20, 2008 to June 27, 2008 (both days inclusive) for the puspose of Annual General Meeting shceduled to be held on June 27, 2008 and for the payment of dividend.         

Jay Shree Tea & Industries Limited is a well diversified conglomerate of B. K. Birla Group, a well reputed industrial house of India.

The company has under its fold 19 tea estates including two estates in its subsidiary spread all over India and manufactures around 15 million Kgs of tea per annum. Total area under tea is around 8000 Hectares. The Company produces around 10% of total Darjeeling teas produced in the country.

The company's efforts to improve tea productivity and quality have been recognized at various levels and numerous awards and prizes have been awarded to it. The majority of the tea estates of the company are ISO-9002 certified.

Other stocks from the same sector that looks good for short-term as well as medium-term trading includes Tata Tea, Assam Company and Bombay Burmah.