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Sell JP Associates on rally: E Mathew

Published on Fri, Jul 18, 2008 at 16:55 , Updated at Fri, Jul 18, 2008 at 18:45
Source : CNBC-TV18

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Technical Analyst, E Mathew is of the view that one should sell Jaiprakash Associates on rally.

Mathew told CNBC-TV18, "Even though JP Associates is participating in a rally, I would advocate a sell on rally because even now to me the stock doesn’t look like it is out of its major downtrend. At best I think one could look for a target of round about Rs 175-178. At higher levels, I would advocate coming out of this stock and I would rather be with the earlier two counters that I spoke of."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 145.35 160.55 15.20 10.46
5-Days 156.50 160.55 4.05 2.59
7-Days 171.00 160.55 -10.45 -6.11
15-Days 144.70 160.55 15.85 10.95
1-Month 187.60 160.55 -27.05 -14.42
3-Month 217.25 160.55 -56.70 -26.10
6-Month 424.80 160.55 -264.25 -62.21
9-Month 244.63 160.55 -84.08 -34.37
1-Year 163.89 160.55 -3.34 -2.04

 

 

 

 

 

 

 

 

 

 

Currently -68.52% below the 52-week high of 510.00
Currently 22.28% above the 52-week low of 131.30

Stock Advice
Sudarshan Sukhani
Technical Analyst
Sudarshan Sukhani
Technical Analyst
HDFC Securities
 
 
 

Messages on Jaiprakash Asso

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what about jp target

Even I have JP Futures. I have October futures @ 91. Not sure what should I do and whats is the target. I presume t...

in Jaiprakash Asso - Puneet Mundhara at 13-Oct-08 11:09

what about jp target

i have 3000 shares @ 97/- plz tell s`bady wt i do....

in Jaiprakash Asso - hsgouda at 13-Oct-08 10:47

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