Sharmila Joshi, Head of Equity of Peerless Securities told CNBC-TV18, "In Jaiprakash Associates we have been hearing that it could be close to kind of selling this cement business and that would have provided the pop for the company in the near term."
"One may have seen a little bit of sanity come back to the currency levels. This is a high beta play, so it gives very quickly moves of 6-7 percent. Even if one gets an exit closer to Rs 60-62 exit the stock," she added.
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