Jaiprakash Associates can test Rs 105-110: Joshi

Jaiprakash Associates can test Rs 105-110, says Sharmila Joshi, Fairwealth Securities.

Joshi told CNBC-TV18, "Jaiprakash Associates is a stock that gives you great opportunities to kind of average lower and a stock that I would think that going forward you would see a lot of things getting monetized for them, especially their whole development bit of their business and we have been hearing of late that they would look to sell the cement side of their business."
She further added, "If you were to look at all that on a combined basis then I would put a price of about Rs 105-110 on JP Associates. But once again this is a stock that gives you brilliant opportunities to average. You do see those draw downs. It