JP Associates

JP Associates’ stock slips on deferring Jaypee Infra share sale

JP Associates’ stock slips on deferring Jaypee Infra share saleStock in engineering & construction giant JP Associates slipped more than 2 per cent in early trade on Thursday after the company deferred a planned sale of shares in its subsidiary Jaypee Infratech.

Jaiprakash Infratech had plans to offload 98.5 million shares on Thursday to collect an estimated of US$94 million. The infrastructure firm, which constructs roads and houses mainly in Uttar Pradesh, had announced that it would sell 27.9 million shares to institutional investors with an option to hike the stake sale by another 70.6 million.

Hold JP Associates With Stop Loss Of Rs 105

Hold JP Associates With Stop Loss Of Rs 105Stock market analyst Vijay Chopra is of the view that investors can buy Jaiprakash Associates Limited stock to achieve a short term target of Rs 150.

According to analyst, the investors can buy the stock with stop loss of Rs 105.

Today, the shares of the company opened at Rs 122 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 180.09 and a low of Rs 112 on BSE.

Current EPS & P/E ratio stood at 4.03 and 29.83 respectively.

Intraday Buy Call For JP Associates

Intraday Buy Call For JP AssociatesTechnical Analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on JP Associates Ltd stock to achieve an intraday target of Rs 144.

According to him, interested traders can purchase the stock with a stop loss of Rs 129.

The shares of the company, on May 10, closed at Rs 134.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 180.09 and a low of Rs 89.38 on BSE.

Current EPS & P/E ratio stood at 4.03 and 33.64 respectively.

JP Associates to float IPO of Jaypee Infratech

JP Associates to float IPO of Jaypee Infratech
Diversified Infrastructure group Jaiprakash Associates is going for Initial Public Offering of its infrastructure arm by floating a big budget offer. The firm hopes to generate funds worth Rs 1,500 crore by selling 5 per cent stake in Jaypee Infratech. However, JP is yet to announce the price band for the offer of six crore equity shares.

Jaypee Infratech, having good presence in reality sector, is going to turn a major revenue generating source for the firm as it would add significant toll revenue from the operations of Yamuna Expressway, going to be operational from next year.

Buy JP Associates To Achieve Target Of Rs 250: Nirmal Bang

Buy JP Associates To Achieve Target Of Rs 250: Nirmal BangNirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on ‘JP Associates’ with a target of Rs 250.

Interested investors can buy the stock on dips and hold.

In addition, the firm has suggested a support level for the scrip at Rs 217.




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