JP Associates has target of Rs 97: Panda

Jitendra Panda, Future Capital is of the view that Jaiprakash Associates has target of Rs 97.

Panda told CNBC-TV18, “I was keeping a target of Rs 95 and JP Associates was at Rs 91 today morning. We believe the way the momentum has picked up in the last half an hour, yes, if Rs 95 breaks out Rs 97 could be the target. As I mentioned keep stop losses very strict on this high bets stock – Rs 91 should be a stop loss but Rs 95 to Rs 97 is a target which should be achievable. Even if you are looking at intraday maybe this is a stock which has cash momentum now should see some more upside.”