JP Associates may slip to Rs 63: Anu Jain

Jaiprakash Associates may slip to Rs 63, says Anu Jain, Vice President, IIFL Private Wealth Management.

Jain told CNBC-TV18, "Jaiprakash Associates is giving some major breakdown. So we did short it yesterday also, the whole JP group but even at Rs 70.35 with a stoploss of about Rs 72.95 I think JP Associates is giving a breakdown for Rs 65 and probably Rs 63. So whether it's in a bounce because I don