Stay long on Jaiprakash Associates: Sanjay Dutt

Stay long on Jaiprakash Associates, says Sanjay Dutt, Director, Quantum Securities.

Dutt told CNBC-TV18, "On the Diwali day JP Associates was quoting at Rs 140-144 and I think we have had some of the largest broking houses coming out with assessed reports, forget what my view stands and they too absolutely correct, fundamentally backed research analysis that the stock should be somewhere around the Rs 200 plus range." He further added, "Governance issues have plagued the company over the last few months and I think they are overdone the price at this point of time. Even there the risk-reward is favourable. I am long on this stock. I am long the dogs at this point of time and I think there is potential in JP Associates being one of them." "I don