Exit Jaiprakash Associates, says Sukhani

Published on Tue, Feb 14, 2012 at 11:33 |  Source : CNBC-TV18

Updated at Tue, Feb 14, 2012 at 11:53  

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Sudarshan Sukhani , s2analytics.com

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Exit Jaiprakash Associates , says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Jaiprakash Associates is not one of the better infrastructure companies, it's more of a cement company and the charts also suggest that at Rs 78-79 which is where it is tending there is a lot of resistance."

He further added, "My own sense is that it could continue to underperform the broad market. So the suggestion would be that at some point you might like to exit Jaiprakash Associates and shift the money into a far better stock. In the financial services sector, primarily banks offer better opportunities than JP."

  

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