Jaiprakash Associates has target of Rs 93: Anu Jain

Jaiprakash Associates has target of Rs 93, says Anu Jain, India Infoline.

Jain told CNBC-TV18, "BHEL and Larsen & Toubro (L&T) would be looking better. BHEL is giving traction for another

3-4%. JP is definitely oversold, it is right at resistance at Rs 87.75. So Rs 87.85 is where I see resistance on the cash charts. If it manages to hold on there then probably a 4-5%; Rs 93 odd target can be achieved but it is right at resistance."

She further added, "On the other hand, I would probably buy something like a BHEL. It is looking good at Rs 1,994, so I think if it can hold on to Rs 1,960 so even on dips one can buy it. The first target would be closer to Rs 2,040 odd levels."