Feb 21, 2013, 02.55 PM IST | Source: CNBC-TV18

Do not see much downside for JP Associates, says Baliga

Independent Analyst, Ambareesh Baliga does not see much downside for Jaiprakash Associates.

Independent Analyst, Ambareesh Baliga does not see much downside for Jaiprakash Associates.
 
Baliga told CNBC-TV18, “ Jaiprakash Associates , at these levels, makes some sense because it has cracked from those levels closer to about Rs 98-100 and from there it has come down to Rs 72-75 levels. When there is talk of the cement sale, I would see that as a trigger and one could again see levels of about Rs 85-88 for the stock. So at these levels there is not much of a downside.”

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