Do not see much downside for JP Associates, says Baliga

Independent Analyst, Ambareesh Baliga does not see much downside for Jaiprakash Associates.
 
Baliga told CNBC-TV18, “Jaiprakash Associates, at these levels, makes some sense because it has cracked from those levels closer to about Rs 98-100 and from there it has come down to Rs 72-75 levels. When there is talk of the cement sale, I would see that as a trigger and one could again see levels of about Rs 85-88 for the stock. So at these levels there is not much of a downside.”