Sell JP Associates: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com advises to sell JP Associates.
 
Sukhani told CNBC-TV18, “JP Associates was doing better for the last three days. So, yesterday was not just one of. If we have to see that JP Associates’ trend, it is absolutely on the downside. We have had 3-4 days of rallies.”
 
He further added, “For today, JP Associates is probably a better short sell than a buy because it is coming on the back of three days of sustained rallies.”
 
JP Associates touched its 52-week high Rs 106.75 and 52-week low Rs 61.20 on 12 December, 2012 and 24 May, 2012, respectively. Currently, it is trading 35.64% below its 52-week high and 12.25% above its 52-week low. Market capitalisation stands at Rs 15,245.10 crore.