Buy Jaiprakash Associates, says Sukhani

One can buy Jaiprakash Associates, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Jaiprakash Associates is a buying opportunity. A small decline or maybe a decline that continues today should give us a level where we want to buy it. It is bottoming out. It may not, that is a different story but as of now it is attractive buy."
At 11:18 hrs Jaiprakash Associates was quoting at Rs 76.75, up Rs 1.55, or 2.06 percent. It has touched an intraday high of Rs 77 and an intraday low of Rs 75.
The share 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 28.1 percent below its 52-week high and 25.41 percent above its 52-week low. Market capitalisation stands at Rs 17,031.47 crore.