Don't expect too much of upside in JP Associates: Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management at Edelweiss Financial Services does not expect too much of upside in Jaiprakash Associates.

Baliga told CNBC-TV18, “Jaiprakash Associates has already moved up decently well. The cement sale also seems to be discounted at these levels. I do not see too much of an upside, so people should utilize it to book out.”
The company's trailing 12-month (TTM) EPS was at Rs 3.51 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 22.07. The latest book value of the company is Rs 55.53 per share. At current value, the price-to-book value of the company was 1.39. The dividend yield of the company was 0.65 percent. 
The stock's price-to-earnings (P/E) ratio stands at 22.07 on (NSE).