SP Tulsian positive on Jaypee Infra

Tulsian told CNBC-TV18, “I’m positive from all angles. Jaypee Infra will be soon commencing the 165-km Yamuna Expressway. JP Associates has also created a capacity of 25 million tonne in the cement division. That’s the reason for the monthly increase in the sales by over 30%. The core business of engineering and construction is doing very well with good order flows on very high margins. In the construction sector, that margin is better than that of L&T and this is cemented by Jaypee Infra’s presence in the North and North-East regions of the country. So, a combination of all these events keeps my positive view on JP Associates intact.