Hold JP Associates: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com advises to hold JP Associates for long term.
 
Sukhani told CNBC-TV18, "The market does not worry or the market does not care about rates and our entry prices. There is no way I can tell the investor that JP Associates will soon come back to Rs 100 where that will break even. That is not something that I can suggest. What is easier to say is that you hold on to JP Associates.”
 
He further added, “JP Associates seems to be making some kind of a low around Rs 58 and Rs 60 it has found strong support, bounced back from these levels. Wait patiently, whatever price one gets in the next 6-8 months. This 6-8 months are going to be very difficult so in 2014 one should see a strong rally in JP Associates and whatever prices it could be Rs 99, it could be Rs 100, it could be Rs 80, it could be Rs 120- plan to exit then but go through one more year of pain, one will see better prices.”