Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There is a day trade in Jaiprakash Associates on the long side. It has been in a trading range. We get a sense that it is going up and down but it is not doing anything, it is not going lower. It is finding strong support at Rs 28."
He further added, "The stock is not something one wants to invest in or build a position but for a day trader, it is a long opportunity and look to buy again with the Nifty caveat." The share touched its 52-week high Rs 106.75 and 52-week low Rs 28.40 on 12 December, 2012 and 19 August, 2013, respectively. Currently, it is trading 68.9 percent below its 52-week high and 16.9 percent above its 52-week low. Market capitalisation stands at Rs 7,367.36 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
