Hold Jaiprakash Associates: Malkan

Published on Mon, Feb 06, 2012 at 12:00 |  Source : CNBC-TV18

Updated at Mon, Feb 06, 2012 at 12:04  

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Vishal B Malkan, CMT, www.malkansview.com

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Hold Jaiprakash Associates , says Vishal B Malkan, CMT, www.malkansview.com .

Malkan told CNBC-TV18, "JP Associates had a smart move last month with very huge volumes. So the run up should continue and once it crosses the level of Rs 80 one can look around levels of around Rs 120-135. So I recommend holding on to the stock with a view of 6 months plus."

The company's trailing 12-month (TTM) EPS was at Rs 5.48 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 14.40. The latest book value of the company is Rs 43.24 per share. At current value, the price-to-book value of the company was 1.82. The dividend yield of the company was 1.01%.

  

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