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from BUSINESS LINE, October 24, 2010 The stock of Jaypee Infratech could be a dark horse play on the infrastructure and real estate segments in the northern region of the country. Investors with a penchant for risk can consider investing in the stock with a 2-3 year perspective.
The current market price of Rs 88 discounts the company's estimated per share earnings for FY-11 by 10 times, placing it at a steep discount to listed road developers as well as real estate players. The stock trades 13 per cent below its offer price.
The company has already made significant progress on its 165-km Yamuna Expressway. A key uncertainty for the project has recently been removed …