Stock market analyst Pradeep Surekha has maintained 'hold' rating on JP Associated Ltd stock with stop loss of Rs 114.

According to Mr. Surekha, the investors can purchase the stock on declines.

Today, the stock of the company opened at Rs 188.90 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 29.49 respectively.

Jaiprakash Associates Limited (JAL) has recorded a net profit for the fiscal ended March 2010 on the back of higher revenue.

JAL's directors have declared a final dividend of Rs 0.54 per equity share of Rs 2 each for the financial year ended March 10 and the interim Dividend of Re 0.54 per equity share of Rs 2 each paid in November 2010.

For the same period, the company JAL registered total revenues worth Rs 10316.04 crore.

The company's EBIDTA surged 40.36% to Rs 2891.44 crore, while the net profit (after extraordinary items) during the period under review increased 90.45% to Rs 1708.36 crore.

During the last financial year, EBIDTA margins remained at 28.66% and net profit margins stood at 16.93%.

While commenting on the performance of the group in last fiscal, Mr. Manoj Gaur, Executive Chairman, JAL, stated, "We are extremely delighted to announce that our company for the very first time has crossed Rs 10,000 crore as its turnover and with the overall performance of all the businesses of the group, the roadmap that we have laid at the start of the fiscal has helped us achieve an all round growth across all sectors."

Jaypee Group has installed cement capacity of 21.3 MnTPA and also eyes to strengthen the overall capacity to over 33.00 MnTPA by the year 2012.

JAL also stated that it plans to increase its overall capacity to over 13,000 MW by 2019.