Jaiprakash Associates can touch Rs 75: LKP

Jaiprakash Associates can touch Rs 75, says Rakesh Gandhi, LKP.

Gandhi told CNBC-TV18, "Jaiprakash Associates is managing to stay above that Rs 64 level, which was a good resistance and it has made a good triple bottom kind of formation and closing above Rs 64 could give a potential that it could go upto Rs 75 level. If it is bought, stop loss should be kept at Rs 59 level."
The company's trailing 12-month (TTM) EPS was at Rs 3.56 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 18.10. The latest book value of the company is Rs 44.03 per share. At current value, the price-to-book value of the company was 1.46. The dividend yield of the company was 1.68%.