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.

Jaiprakash Associates Ltd has recorded a 57% growth in its cement sales, which stood at 12.47 lakh tonnes.

The company had sold 7.93 lakh tonnes of cement during the last month. The cement dispatch figure comprise sale of clinker.

It had sold 11.2 million tonnes during the last fiscal.

In January 2010, JP Associates stated that it will make an investment of Rs 4,500 crore to take its cement production capability to 33 million tonnes from 20 million tonnes per annum (MTPA) by 2012.

Jaiprakash Associates Ltd is a diversified infrastructure company with presence in engineering and construction together with interests in the power, cement, hospitality, realty, expressways and education segments.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate