May 06, 2013 11:10 AM IST | Source: CNBC-TV18

Buy Jaiprakash Associates: Sudarshan Sukhani

One can buy Jaiprakash Associates, says Sudarshan Sukhani of s2analytics.com.

One can buy Jaiprakash Associates, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Technically Jaiprakash Associates is just on the verge of giving us a bullish breakout. It is newsdriven, today could be anything. I would be upbeat on this stock. If there was a sharp correction in prices, there is an opportunity to go long, understand the risks but within those parameters it is worth buying into."

At 10:11 hrs Jaiprakash Associates was quoting at Rs 74, down Rs 1.20, or 1.60 percent. It has touched an intraday high of Rs 74.45 and an intraday low of Rs 73.20.

The share touched its 52-week high Rs 106.75 and 52-week low Rs 61.20 on 12 December, 2012 and 24 May, 2012, respectively. Currently, it is trading 30.68 percent below its 52-week high and 20.92 percent above its 52-week low. Market capitalisation stands at Rs 16,421.22 crore.

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