Sell Jaiprakash Associates, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jaiprakash Associates is a sell. It is a back to back decline. One cannot buy it. Identify a location, some small rally and sell short. It is looking much lower."

At 11:13 hrs Jaiprakash Associates was quoting at Rs 67.80, up Rs 0.50, or 0.74 percent. It has touched an intraday high of Rs 69.00 and an intraday low of Rs 65.50.
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 36.49 percent below its 52-week high and 10.78 percent above its 52-week low. Market capitalisation stands at Rs 15,045.39 crore.